Hi all
I wonder if anyone else is using Wave the free (and excellent) accountancy app. But for us in Europe, this is being withdrawn due to the new European Open Banking Standards :
The Payment Services Directive 2 (PSD2) is regulating banks in the European Economic Area (EEA) to open their APIs to allow Third Party Providers (TPP) to access customer data and initiate payments.
The required operational and technology cost to support Open Banking for our free accounting platform is too high for Wave at this time.
While Wave will no longer support automatic bank imports when Open Banking comes into effect, you can still import transactions using statement uploads or Wave Connect
While we can still use the system, I would ideally like to use automatic downloads and wonder if anyone else is moving to another platform that is relatively low cost.