Glossary
Open banking
Open banking means that, at your request, your bank shares the account's transactions with a program you choose. You sign in to your own online bank with MitID, give the permission, and from then on the program can fetch the transactions itself, without you exporting statements.
Updated 21 October 2026
What is open banking?
The access comes from the EU rules on payment services, which oblige the banks to provide it when the customer asks. The permission is given in the bank's own login, never by handing your password to anyone, and it covers reading accounts and transactions only, unless you separately approve a payment.
For the books it means that every bank transaction can become a line in the accounts on the day it happens, and that the bank's balance can be held against the bank account in the books every day. Example: a customer pays on Friday; on Monday morning the payment sits in the journal with the bank's text and amount.
Open banking in Veneti
In Veneti you connect the bank once: sign in with MitID to personal or business online banking, choose the account and the date to fetch transactions from, and from then on they arrive every day as lines in the journal with a suggested account and VAT code. You see the supported banks when connecting. The bank's balance is reconciled with the books, so the bank always agrees: Banking and coding.
When you pay a supplier invoice in the bank, the payment arrives through the bank feed as a bank line and is settled against the invoice with Settle. The bank integration is included in every plan, Free included: Pricing.
Related terms
- Reconciliation: the check that bank and books agree.
- Journal: where the bank's transactions land.
- Account balance: the figure the bank and the books are compared on.