Different banks will provide different levels of services. When you initiate a bank connection, the Sway application will let you know which services are specifically available for that provider.
Here is the list of key features that can be provided by banks in the Sway App:
- Consent Management: Grant access to your accounts directly via your bank. You will need to authenticate, usually with the usual bank identification application, and follow a process defined by your bank. You can then choose to revoke this consent at anytime from your bank and/or from Sway, to stop the connection.
- Multiple consents: The bank can be connected to several workspaces simultaneously. This is particularly useful if you have many accounts under one single contract and wish to split these into different workspaces for different users or teams, with different authorisation levels.
- Payment submission: Submit payment drafts to be signed-off in the e-banking. For instance, let a collaborator orchestrate all your payments in a single place via Sway (e.g. scanning QR invoices), sending them to the right bank in a few taps, then letting an authorised e-banking user sign them off.
- Payment initiation: Initiate payments for execution directly from Sway, while keeping it secure with an identification and approval process.
- Cash Management export (camt053): Export camt053 files generated by all your compatible banks, in one single tap, directly from Sway. You can then import these files in your accounting solution (such as Xero, Bexio, Cresus or Winbiz) for instance. Save the time of having to sign in the different e-bankings, finding the right place, the right file type, etc.
Note that many more features such as CSV export in Xero or Quickbooks format, collaborator management, transaction checks and so on, are available, independently of what the connected bank offers.
