Expensify and Wells Fargo team for deeper bank integration
Expense reporting app provider Expensify debuted the launch of a deeper bank integration programme called ExpensifyApproved! Banks, writes Julie Muhn at Finovate. Wells Fargo, which serves one in three households in the US, will pilot the launch.
“Bank integrations have been in the Expensify DNA since day one, and the ExpensifyApproved! Banks programme is the next step toward providing a consistent transaction import process for our mutual customers,” says David Barrett, founder and CEO of Expensify. “Wells Fargo has always been a great partner at the forefront of innovation, so it was a natural fit for them to be our first major partner as we launch this exciting new endeavor.”
Expensify users can connect their Wells Fargo bank cards for a smoother expense-tracking experience to help them organise receipts for tax purposes, self-employment expenses, or small business purchases. The ExpensifyApproved! Banks API allows for more secure data sharing between banks and Expensify, and offers banks more control over what data they share with the company.
The new integration offers mutual customers of Expensify and Wells Fargo a faster card set-up process, the ability to seamlessly import transactions, access to historical account activity, and a detailed view of transaction data.
Earlier this year, Expensify unveiled website enhancements to improve credit card imports and simplify billing currency selections.
The company was founded in 2008 and has raised $27.2 million.