Financica gets its bank feed from Exthand, a regulated open-banking provider with offices in Lisbon and Charleroi. Exthand covers most European banks over PSD2, and the integration took three days from start to a working connection.
What the integration does
Under Data Sources > Bank accounts, click Connect bank account. Exthand runs the PSD2 authorization with your bank, you log in on your bank's own page, and you pick the accounts to link. Financica never sees your banking credentials.
For each linked account, Financica imports:
- Transaction date and amount
- Counterparty name and details
- Description and reference
- Currency
Inflows and outflows both come through. The first import can take a few minutes, and after that Financica checks for new transactions every hour. Transactions land next to your invoices, ready to match. If your bank is not covered, you can still upload statements manually.
Bank authorizations
Under PSD2, the consent you give at your bank is time-limited, typically up to 90 days. When it lapses, the bank stops sharing new transactions until you confirm again.
Financica shows the remaining time on the bank account page ("Authorization expires in 12 days") and flags accounts that are close to expiry in the bank accounts list. When it's time, click Refresh authorization, confirm at your bank, and syncing resumes. Transactions from the lapsed period are fetched too, as far back as your bank allows.
About Exthand
Exthand answered our questions and issue reports quickly while we built this, which is most of why the integration shipped in three days. We also like that Exthand is open source in its approach to the ecosystem, and we're glad to support that.
The bank connection is available on every Financica account now. Companies in the United States and Canada connect through Plaid instead.