Vincit Pats x Nordigen

2 min

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Online accounting service leverages open banking technology to offer seamless integration of customer bank accounts.

Latvian online accounting service provider for self-employed Vincit Pats partners with European open banking company Nordigen to offer customers integration of their bank accounts. Vincit Pats was designed and developed by accounting experts, who offer accounting services and expertise to over 7000 users. Vincit Pats understands the need for easy and affordable accounting services for entrepreneurs so it was important for them to develop a service that was equally as effective yet more affordable than hiring an accountant.

“At Vincit Pats, we aim to empower our customers to be confident in financial reports and the extensive experience of our professionals has allowed us to develop a service that does so. Our online service helps entrepreneurs to carry out accounting of their income and expenses in a simple registry system and at a cost that is much more affordable than hiring an actual accountant”, says Marks Spungins, Vincit Pats representative.

Using Nordigen’s API, Vincit Pats allows customers to connect their business bank account to Vincit Pats platform. The system then automatically creates transactions from bank payments, finds similarities with previous transactions and reminds the customers which expenses have not yet been written off. The result is that the platform enables customers to have all their banking easily accessible for accounting processes. Nordigen’s API is fully PSD2 compliant, so Vincit Pats customers can have peace of mind when it comes to security.

“Vincit Pats is giving accountants a run for their money. PSD2 was created to provide better access to open banking data and we’re happy that our solution can help Vincit Pats to offer an easy and affordable online accounting service to entrepreneurs all over Latvia/Europe.'' says Rolands Mesters, co-founder and CEO of Nordigen.

 

About Vincit Pats

Vincit Pats is a part of Vincit Union group that specialises in accounting and legal services. Vincit Union team consists of 20 accounting professionals offering accounting services and expertise for companies and private individuals. Whether it's changing individual tax residency or acquisition, registration or liquidation of a company, real estate or business sale, their experts have extensive experience in executing simple and complex tasks. Vincit Union headquarters are located in Riga, Latvia.

Vincit Pats is an online accounting platform for self-employed that was developed by accounting experts and is being constantly updated to comply with the current legislation in the field of accounting and taxation.

 

About Nordigen

Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Nordigen's free API connects to more than 1,000 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.

 

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Article by

...Laura Aasheim
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