Data-Rich Bank Feeds: A Secure Open Banking Alternative for Automated Reconciliation

AccessPay provides a data-rich alternative to Open Banking for organisations that need accurate, scalable, and globally reliable bank reconciliation.

By securely collecting intra-day and end-of-day bank statement data from thousands of banks worldwide, AccessPay enables automated bank reconciliation and account reconciliation across ERP, TMS, and finance systems, without the limitations, interruptions, or data gaps associated with Open Banking.

This approach supports faster financial close, improved cash visibility, and confident, data-driven decision-making at scale.

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Multi-Bank Consolidation for Faster Bank Reconciliation

AccessPay is purpose-built for organisations operating across multiple banks, currencies, and regions.

How It Supports Automated Reconciliation:

  • Collects bank statements from all connected banks automatically
  • Transforms data into formats consumable by ERP, TMS, and reconciliation tools
  • Delivers files on configurable schedules, including intra-day intervals
  • Eliminates manual downloads, uploads, and spreadsheet manipulation


Unlike Open Banking, which often stops when re-authentication fails, AccessPay provides continuous, uninterrupted bank feeds to support reliable bank reconciliation software workflows.

Why AccessPay?

Connect your ERP, TMS and other back-office systems directly with your banks.

Eliminate the labour-intensive process of manually calculating end of day & intra-day cash positioning.

Avoid re-authentication failures and data duplication issues.

"The ability to scale connectivity to multiple banks, jurisdictions and payment methods through a single standard connectivity process was a real benefit for us."

Seamlessly collect your global banking data and speed up your reconciliation process with a trusted partner

Get in touch with one of our experts by completing our contact form.

 

Avoid the limitations of Open Banking

Automating your bank feeds with AccessPay provides a near real-time view of your company’s financial position – you may even receive transaction data from your banks on an intra-daily basis. This significantly reduces the time spent reconciling bank data, especially as your operations scale.

Unlike Open Banking, which often suffers from limitations such as bank-specific availability, limited global reach, and the absence of true end-of-day statements.

  • Access richer statement data
  • Connectivity to 11,000+ banks
  • Global connectivity
  • Guaranteed data accuracy

Guaranteed Data Accuracy for Confident Cash Positioning

Errors in manually reconciling data for cash positioning can lead to strategic decisions being made on inaccurate information.

The key to better financial decision-making is accuracy, delivered consistently through automated bank feeds.

With AccessPay, finance teams eliminate:

  • Manual data entry errors
  • Formatting inconsistencies
  • Time-consuming rework caused by broken or incomplete feeds
  • Accurate Data, Delivered Automatically

AccessPay ensures data accuracy through:

  • Intra-day and end-of-day statements delivered via multiple secure methods
  • Automated data transformation, removing formatting issues
  • Consistent, standardised output ready for reconciliation engines
  • Proactive Financial Monitoring

To further reduce risk, AccessPay provides configurable notifications for critical conditions, including: deviations from historical cash position averages, peak balances and excessive liquidity usage, or unusually high transaction volumes.

This enables finance teams to identify anomalies early, maintain control, and act with confidence, even in fast-moving or high-volume environments.

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Enhanced Security, Compliance, and Audit Readiness

AccessPay strengthens your financial control environment while reducing operational burden.

  • Security & Compliance Features
  • Secure API or sFTP connectivity to banks
  • Full audit trails through automated data collection and transformation
  • Segregation of duties and granular access controls
  • Exportable reports for internal audits and regulatory compliance
  • ISO 20022 & CAMT Readiness

AccessPay supports CAMT statement formats, helping organisations align with ISO 20022 requirements without disruptive in-house transformation projects.

This ensures long-term compliance while keeping day-to-day operations running smoothly.

"Without AccessPay, we’d have to revert to old manual processes, and we wouldn’t have the oversight of our cash we enjoy now. The platform has transformed the way we work for the better"

Want to know more?

Get in touch with one of our experts by completing our contact form.

 

How It Works: Automated Bank Feeds End-to-End

  • AccessPay connects securely to your banks
  • Intra-day and end-of-day statement files are retrieved automatically
  • Data is standardised and transformed into ERP-ready formats

Statements are delivered directly to your:

  • ERP
  • TMS
  • Bank reconciliation or account reconciliation software

No manual intervention. No broken feeds. No dependency on re-authentication cycles.

 

Who This Solution Is For

AccessPay’s Open Banking alternative is ideal for organisations that:

  • Require reliable bank reconciliation at scale
  • Operate across multiple banks or regions
  • Need automated reconciliation software with high match rates
  • Require strong audit, compliance, and security controls
  • Depend on accurate cash positioning for strategic decisions

Ready to explore how AccessPay can help your business?

If you’re looking for a way to automate your bank feeds for full auto-reconciliation, our bank statement retrieval service will help you achieve this.

Speak to one of our team today to find out how you can get the most from your back-office applications to drive greater efficiency and reduce risk across your banking operations by integrating with AccessPay.

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