CSoftware, a Luxembourg-based digital platform for SMEs, has added financial data aggregation and payment modules from LUXHUB, an open banking pioneer, to its FERA platform.
The integration provides customers of FERA with LUXHUB’s Account Information and Payment Initiation Services, enabling them to retrieve bank account information and initiate payments via any bank connected to the LUXHUB ONE platform.
FERA offers a range of solutions to support business management, from invoicing and e-invoicing to project and expense management. The addition of LUXHUB-powered modules is expected to provide customers with a consolidated view of their finances and streamline their daily operations.
“We are clearly entering the Open Banking era, and giving more flexible, secure as well as user-friendly solutions to our customers. This matches our overall vision and ambition of building an easy-to-use tool destined to entrepreneurs to efficiently drive their business.”
Victor Cunha, CEO of CSoftware
By leveraging the AIS and PIS licenses of LUXHUB, FERA becomes the first business-enabling digital platform to leverage LUXHUB’s account information and payment initiation services. The integration is expected to provide customers with frictionless experiences and support SMEs in their business management.
CSoftware is a Luxinnovation-certified company, and its FERA experts can efficiently support clients with the implementation of SME Packages. Victor Cunha, CEO of CSoftware, said that the addition of new features will help customers save time and consolidate their financial data, giving them a more accurate and real-time view of the health of their business.
