Summary

ID	UC002
Use Case	BFM - Business/Corporate Banking Data
Description	Business Financial Management (BFM) helps companies to manage their financial flow. BFM enables the automation and centralization of finance-related activities. Some of its main functions are the real-time visualization of taxes to be paid and automatic updates of the P&L and Balance Sheet. Includes: Balance and Transaction History
Benefits	SMEs can benefit from improved cashflow management, overall financial management and save on their financial accounting costs. FIs can understand their customers’ history, their trends, risks and opportunities. It can help create the aggregated picture from across all their financial services products.
Industry	Banking
Category	Data
Consumer
SME
Corporate
API Functionality	Account access consents - /account-access-consents/{ConsentId} Consents - /accounts/{AccountId}/consents Key APIs GET /accounts GET /balances GET /transactions (This endpoint is for a specific account - i.e., /accounts/{AccountId}/transactions) Optional APIs GET /beneficiaries GET /direct-debits GET /parties GET /product GET /scheduled-payments GET /standing-orders

Benchmarking

Location	Type of Use Case	Reference Players

Location	Type of Use Case	Reference Players
UK	Mandatory - implemented	Monzo, Saltedge, Starling Bank
Brazil	Mandatory - implemented	Klavi, Belvo
Other locations	Mandatory - implemented	IdeaBank (Poland), nab (Australia), DBS (Singapore)