e-Banking products

Open Banking

With Factorbooks open banking integration, you can view all your bank accounts on a single platform, transfer money between accounts and track your cash flow in real time.

What is open banking?

The Factorbooks open banking solution lets businesses manage all their bank accounts from a single screen. With this application, you can view account balances and transactions, match transactions, and quickly make transfers between accounts and payments. It is a solution that adds value for businesses with B2C and B2B open banking needs.

Open Banking - Factorbooks

Benefits of the open banking solution

  • View all your bank accounts on a single platform within minutes
  • Transfer money between accounts
  • Make payments from bank accounts
  • Reduce operational workload
  • Track cash flow in real time
  • Minimize the margin of error
  • Increase efficiency

Advantages of Open Banking

  • Tracking on a single screen

    Account activity at different banks can be tracked and reported from a single screen.

  • Time savings

    No need to log in to accounts at each bank one by one, which saves time.

  • Real-time cash flow

    With open banking, cash flow can be monitored in real time, and payments and collections can be tracked with one click.

  • POS activity view

    Along with commercial account activity, POS transactions can also be viewed on the same screen.

  • Easy switching between company accounts

    Businesses with more than one company can easily switch between accounts.

  • Up-to-date and accurate data

    Thanks to data updated at regular intervals, no transaction is missed and the margin of human error is minimized.

  • Money transfers and payments

    Transfer money between accounts and make payments from bank accounts.

  • Reduced operational workload

    No extra effort is needed for cash flow management, reducing operational workload.

Package coverage

How the related features are covered in each package, based on the Factorbooks product and package scope list.

Open Banking: package coverage of related features
FeatureMicroSmallMid-sizedLargeCorporateEnterpriseTailored
Open BankingTreasury ManagementHigher tierHigher tierHigher tierHigher tierAdd-onAdd-onAdd-on

Open Banking: frequently asked questions

What does open banking mean?

Open banking is a service model in which customers, with their consent, share their financial data with other banks and financial institutions. With this solution, companies can view account balances and transactions at all banks from a single screen, match account transactions, transfer money between accounts and make payments from the bank account of their choice.

What is open banking?

Open banking is a service model in which customers, with their consent, share their financial data with other banks and financial institutions. It aims to give customers faster access to their data, improve their experience and make banking services easy and effective to use.

Is open banking secure?

Because open banking is subject to obligations set by the Central Bank of the Republic of Turkey (TCMB) and is licensed by the TCMB, it is a highly secure system.

What are the open banking services?

Managing all bank accounts from a single screen - Reducing operational workload - Tracking cash flow in real time - Minimizing the margin of error - Increasing efficiency - Account-to-account transfers - Payments with open banking

Who can use open banking?
  • Those who need detailed reporting due to their business model
  • Those with a wide distribution, branch, franchise or dealer network
  • Those with a high daily transaction frequency
  • Those who want to receive instant payments from account balances as well as credit cards
  • Those who want to access their accounts at all banks from a single screen

Other e-Banking products

See Open Banking in a live demo

In a live demo we walk through your priority processes together and clarify the package and module scope that fits your needs.

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