Congratulations to Xero who have just announced that the first of the Australian banks has come on board and is providing direct automatic feeds into Xero. As Lucy says;
NAB will be providing this integral and innovative service in December for NAB customers using Xero.
As soon as the feeds are live, we will let you know how to add your NAB account to this convenient service.
Achieving the link between bank and Xero is not a trivial task and it has taken many months to get to this point. Thank you to the many staff at NAB who have worked with us to make things easier for small business owners in Australia.
Aussies tend to be a little like sheep – the first one through the gate is the hardest – my pick is that a bunch of other banks will follow suit and within a short space of time the majority of the major operators are on board.
It’s a great progress pint for Xero but even more interesting is how much extra leverage this will give within the UK market where the banks there have been somewhat backwards in coming forwards.
Watch this space!
BNZ here, NAB in Aussie … surely they can get the whole group with Clydesdale Bank and Yorkshire Bank in the UK
Mike – no doubt that’s their plan (and hope)
Its no secret Xero are going gangbusters at the moment. It is mind boggling to think of how much growth they are going to achieve over the next 6 months.
Xero’s global launch
Headway into Australia’s Banks connecting with Xero. (will not be long until the rest of the banks join the queue)
Multiple partnerships being leveraged in NZ, (Telecom, Catalyst, Acclipse, BNZ)
UK market bubbling away (albeit rather quietly at this stage)
Growth is going to be achieved at a very scary rate over this changeover period. But you definitely get a sense that Drurys’ team are more than ready for it…
Disc: Xero Customer