We’ve partnered with Iris Solutions to expand bank connectivity and improve reliability across Central & Eastern Europe, enabling customers to streamline financial workflows and reduce manual effort.
Check out the features of Bankfeed.
Working with banks across Central & Eastern Europe often means dealing with different connection standards, varying data quality, and occasional instability between institutions. While this can add complexity, it also creates an opportunity to improve how financial data is accessed and managed. With broader coverage and more reliable connections, customers can reduce manual work, gain clearer visibility into their finances, and rely on a setup that continues to function smoothly even when individual bank connections are less stable.
As part of this effort, we’ve partnered with Iris Solutions, an API provider specializing in banking connectivity across Central & Eastern Europe.
While our existing API provider stack has served us well, we identified gaps in bank coverage across key markets such as Bulgaria, Romania, Croatia, and Greece. These regions are increasingly important for our customers’ operations. By integrating Iris Solutions into our connectivity layer, we have expanded the number of financial institutions accessible through Bankfeed in these markets.
“We are very happy to partner with Bankfeed and support their expansion across Central & Eastern Europe. Our goal at Iris Solutions is to provide reliable and high-quality connectivity, and we are excited to contribute to Bankfeed’s mission of simplifying financial data access. We look forward to deepening our collaboration and delivering new capabilities together.”
– Mihael Mihaylov, COO at Iris Solutions
Beyond coverage, this partnership is also about reliability. By working with multiple API providers, Bankfeed can ensure higher connection stability. If one provider experiences disruptions, we can seamlessly switch to another, minimizing downtime and maintaining consistent service for our customers. From the Bankfeed side, the partnership is already delivering tangible value:
“We decided to integrate an additional API provider because our existing stack did not fully cover banks in key Central & Eastern European markets. At the same time, having multiple providers allows us to improve connection stability for our customers. We have been especially happy with Iris Solutions. Their team is responsive, proactive, and easy to work with. Together, we are already working on new features, including bulk payment export.”
– Edgaras Bencevicius, Partner Manager at Bankfeed
Our collaboration with Iris Solutions is just getting started. In addition to expanding coverage, we are actively working together on new functionalities, such as bulk payment exports tailored for local market needs. This will unlock new automation opportunities and further streamline financial workflows for companies handling high transaction volumes.
Iris Solutions is a financial API provider specializing in open banking connectivity across Central & Eastern Europe. The company enables businesses to access bank data and initiate payments through a unified and secure infrastructure, supporting both PSD2-compliant and premium APIs. With a strong focus on reliability and local market expertise, Iris helps fintechs and software platforms connect to financial institutions across the region. The company is recognized for its responsive support and high-quality integrations, ensuring stable and efficient connectivity for its partners.
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Hello, I found this Dynamics 365 Business Central add-on that would save me tons of time by automatically importing bank statements and matching payments with invoices. It has certain technical requirements like an up-to-date Business Central version and banks that comply with the PSD2 open banking protocol. Could you please check the requirements and let me know if we are able to use the Bankfeed app? The requirements are here: www.bankfeed.com/faq/, or you may contact the add-on’s developers at [email protected].
Bankfeed works as an add-on for Microsoft Dynamics 365 Business Central. Therefore the usage of this ERP system is necessary. The solution works best with the three latest versions of Business Central. Before installing Bankfeed, we recommend checking if the following conditions are met: 1. Open banking API (PSD2) is not occupied. If you use online payment provider services (Wordline, Wordpay, etc.), they might be connected through an open banking API. Therefore, Bankfeed will not be able to connect to this API as it is already occupied. In these situations, we can connect Bankfeed through the bank’s direct API, known as a Gateway. However, it usually requires additional banking fees and additional implementation hours. 2. Banks provide the information required for recognition and reconciliation. Even though open banking is regulated using the PSD2 protocol and is mandatory for all EU banks, the banks treat these requirements differently. The amount of information provided through the APIs and its quality can differ depending on the bank. This can lead to a situation where Bankfeed will not be able to properly identify customers/vendors or documents because of the lack of data. Here is a list of mandatory bank fields needed to enable Bankfeed’s payment recognition and reconciliation. Please check HERE if the banks you are using provide the information from these fields:
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