Enfuce to power Talenom’s accounting software launch in Finland

By Megha Bhattacharya

Finnish FinTech Enfuce has been selected by accounting services provider Talenom in a bid to access compliant open banking service for launching the latter’s comprehensive freemium small customer accounting software TiliJaska in Finland along with further expansion into Sweden.

According to Enfuce, it delivered an open banking service with high availability (HA), an audit trail for transparency, and strong security. Enfuce’s Open Banking Hub provided Talenom with integrations to major Nordic banks, enabling the accounting company to access account information and initiate payments in a compliant way.

“Talenom’s project executed in partnership with Enfuce is an excellent example of new business opportunities brought forth by PSD2. Thanks to open banking APIs, service providers can now smoothly integrate to multiple financial institutions via a single secure, compliant, and transparent Open Banking Hub.”

“Accessing account information, which used to require time-consuming and costly individual integrations with banks, can now be done much faster and more cost-efficiently using PSD2 APIs. It is amazing to see Talenom turning this functionality into a valuable service to facilitate the day-to-day accounting and banking processes of small businesses. We are excited to support Talenom in growing their solution beyond the home market, as well as to see other companies joining in on the connectivity revolution started by PSD2,” commented Niklas Apellund, Co-Founder & CTO at Enfuce.

Recently, Enfuce teamed up with Swedish open-investment platform StockRepublic in a bid to offer a trailblazing fund and stock solution for financial institutions. The open-investment platform was enabled by Enfuce’s APIs to develop a fully compliant and secure application that helps players within the banking sector embrace the new opportunities opened by Payment Services Directive 2 (PSD2).

“…In the small customer segment, a digital and easy do-it-yourself onboarding for entrepreneurs is a must-have. The same manually handled deployment services which are in use in the middle-sized enterprise segment would not allow scaling fast enough when it comes to volume. Now with Enfuce’s services our customers can take Talenom’s financial management software and banking services in use themselves. And that is a very important building block for us in order to have fast growth with TiliJaska (KontoKalle),” commented Miikka Hätälä, Business Director of Small Customers at Talenom.