Customer-centric banking innovation in Asia

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Having heard about Xerocon over many years during my time working at one of Australia’s largest banks, I was thrilled to have the opportunity to attend this year as a member of the Xero Asia team. It was amazing to witness the vibrancy and diversity of the Xero ecosystem that encompasses and connects banking partners, accountants, bookkeepers, business owners and app developers.

Partners and SMEs moving to the cloud

Over 100 accounting/bookkeeping, marketplace and banking partners across Asia joined us in Brisbane this year to attend Xerocon, the most innovative conference for cloud leaders in Asia, Australia and New Zealand.

Ms Joyce Tee, MD and Group Head of SME Banking at DBS, shared of her experience at Xerocon, “My vision for the DBS-Xero partnership is [to bring about] more collaboration and to bring value proposition to the customer… My advice to Asia accountants and bookkeepers is to be here [at Xerocon]. You will find there is a lot of value for you [partners] to extract from the face-to-face meetings.”

With access to the best of the best globally, our Asia partners learnt first-hand about the future of cloud accounting, new technologies and how to better leverage technology to drive efficiencies in their own business operations. Most importantly, with SMEs being at the heart and centre of everything we do, our Asia partners learnt about our powerful ecosystem and how to provide rich integrated experiences for SMEs.

Banking innovation – Xero Bank Feeds API (coming soon)

At Xerocon, we were very excited to announce our open-banking API, a new innovative way for Banks, FinTechs and other financial service providers to connect to Xero to provide bank feeds for our joint customers.

Today we have almost 130 financial institutions globally offering direct bank feeds to Xero. These direct integrations often require specialised development and have dependencies from both parties. With our open-banking API, dependencies are reduced to a minimum, enabling Banks and Financial Services providers of all sizes to connect and offer bank feeds faster than ever before! As with all Xero direct bank feeds, our Asia partners & SMEs will know that they are working with a complete set of accurate data direct from a bank without manual data entry requirements or risk of human errors. With our Xero Bank Feeds API, it is an exciting opportunity to rapidly scale and increase the number banks our SMEs in Asia can connect their bank feeds for in future!

For a recap of Xerocon Brisbane 2018, please visit https://www.xero.com/au/events/xerocon/brisbane/. We look forward to welcoming more of our partners next year!

If you have missed Xerocon Brisbane, fret not! We are holding our annual Asia Xero Roadshow, on 20th and 23th November in Hong Kong and Singapore respectively. Our Roadshows are an opportunity for innovative accountants and bookkeepers to learn more about what’s new and upcoming for Xero in Asia, and connect with our marketplace and banking partners in the region – last year we welcomed more than 1,000 attendees! Check out our agenda and register to secure your seat now!

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