We’re very excited to introduce our new bank feed partner — Akahu. Akahu is a New Zealand based open finance platform who’s leading the way in providing the next generation of integration with New Zealand banks. Akahu makes it simple to connect your financial accounts to trusted third parties like Solo.
Providing reliable bank feeds has often been a challenge. Our customers have experienced constant interruptions to their bank feed connection (Kiwibank) or in some cases outages that have spanned multiple months (ANZ and BNZ). These ongoing challenges prompted us to accelerate the integration of Akahu. By partnering with Akahu we’re able to provide a much more reliable bank feed service to Solo customers, as well as making a range of new innovations possible.
In the next few weeks we will be transitioning all Solo customers over to using Akahu. When this happens your current bank feed will stop working and you’ll be prompted to reconnect your bank using the new Akahu connection flow. Keep an eye out for an in-app notification that will also let you know your current feeds have stopped and it’s time to make the transition.
What’s great about connecting via Akahu
Akahu provides a next-level experience for connecting Solo with New Zealand banks. Here’s what you can look forward to:
- More reliable feeds – Because of the way that Akahu connects to your bank, if your bank’s mobile app is functional, then your bank’s connection to Solo via Akahu will also be functional.
- More innovation – Akahu provides enriched transaction data and a deeper integration with the New Zealand banks than what’s previously been available. As a result, we will now be able to develop innovative new features for Solo that move us closer towards our goal of creating a completely automated and streamlined accounting experience. Watch this space.
- Supporting local – As a young innovative New Zealand company, we like to support other local companies who are committed to pushing the boundaries to provide better services for New Zealand customers.
When connecting your bank via Akahu you might also notice a few additional improvements we’ve made to Solo to give you more control over your transactions:
- Select a transaction sync date – When connecting a bank to Solo you can now set a sync date for your transactions. By default Solo will either select the date of the last transaction added to Solo, or the start of the financial year – depending on if you have already added transactions to Solo or not.
- View account details for a transaction – You can now see bank account details for each transaction. Simply click on the down arrow at the end of a transaction.
- Filter transactions by account – You can now filter and view your transactions for each bank account. You can also filter by your uploaded transactions or manually added transactions.
Getting set up with Akahu
When the Akahu bank feeds become available please follow the instruction below to connect your bank with Solo via Akahu:
- Connecting a bank for the first time – On the Bank feeds page simply select your bank and follow the prompts to connect your account/s.
- Switching from an existing bank feed to Akahu:
- Go to the Bank feeds page
- Click the ‘reconnect to your bank’ link
- Select your bank
- Follow the prompts to reconnect your bank with Akahu. Your old bank connection will be automatically replaced with the new connection (no existing bank transactions will be changed).
That’s it. We hope you enjoy the new bank feed experience.
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