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Hi everyone, thank you all for your support and engaging to let us know the importance and use you'd have in being able to receive bank feeds for Charities Aid Foundation(CAF) bank.
We're pleased to share that our provider Tink is building this at present and we're currently testing with a small group of users.
We appreciate your interest, and look forward to getting this in your hands soon. I'll be back to share more news as things progress. Thanks
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Iain Watters
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An error occurred while saving the comment Iain Watters
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We have a number of charities who are holding off moving to Xero because it does not link with CAF.
I am not sure why Xero have not responded to this thread directly, but this the response I had from Xero support, which I think explains why there are no bank feeds and unfortunately why it is likely that there will never be a bank feed with CAF.
Regarding CAF Bank, Xero doesn't currently have a bank feed available for them. In the UK, Xero supports direct API connections provided via Open Banking. CAF Bank offers connection through Modified Customer Interface (MCI), which is less secure and convenient than a direct API connection. The Financial Conduct Authority has proposed the mandatory use of API connections for banks and is planning to phase out MCI in the future. Xero doesn't have any plans to connect to banks that use MCI, as our preference is to use a direct API connection as it provides additional security.