MFA and Yodlee Feeds
The issue with MFA in some banks blocking yodlee's transaction feed negates the benefit of it in the first place. You want a secure way to receive the transaction data without having someone with signing privileges (a senior exec) log in each time a bookkeeper is trying to do their work. If Xero built an easy API or a other solution that we could send to our banks and put pressure on them to build into their system I'm sure you would get a ton of buy in from the accounting community. QBO feeds have gone directly to banks with great success. Please find a way to make feeds live for all banks or give us the tools to go to the banks and pressure them to meet you halfway.
Win Smith
shared this idea
Hey Win, thanks for sharing your idea!
Xero already offers an API for banking institutions to create direct feeds in to Xero, and you can read a little more about it in our blog post Xero opens banks feeds, paving the way for faster platform growth.
For a tech-y overview, you can share this Xero Bank Feeds API overview page with your financial institute.