Bank Feeds Security

Agrimaster Bank Feeds use Fiskil’s Open Banking technology to provide a secure way to bring your banking information into Agrimaster.

Unlike traditional bank feed technologies that may rely on sharing online banking credentials or screen scraping, Open Banking uses secure, consent-based connections between financial institutions and authorised services. Fiskil describes Open Banking as sharing banking data that the customer has explicitly authorised through standardised APIs, rather than through credential sharing or screen scraping.

You Don't Share Your Online Banking Login Details

When connecting an eligible bank account, you authorise access through the Open Banking process.

Your internet banking username and password are not provided to Agrimaster as part of the Bank Feed connection. Instead, Open Banking uses an authorised connection to allow the banking information you have consented to share to be made available securely.

This is fundamentally different from older screen-scraping technology that relied on customers providing banking credentials to retrieve account information.

You Control What You Authorise

Australia's Consumer Data Right (CDR) is designed around customer consent.

Fiskil states that it is an Accredited Data Recipient under the CDR framework, accredited by the Australian Competition and Consumer Commission (ACCC), and can receive information from a bank or other financial institution only after the customer has provided consent.

Customers can also withdraw their consent, although doing so may prevent the connected service from continuing to access the information required to provide Bank Feeds.

Bank Feeds Provide Read-Only Data Access

Australian Open Banking under the CDR is designed for sharing banking data rather than initiating payments. Fiskil describes Australia's CDR Open Banking environment as read-only, providing a right to receive authorised data rather than a right to initiate payments.

For Agrimaster Bank Feeds, this means the connection is used to retrieve the banking information required to support your cashbook and reconciliation process rather than to operate your bank account.

Your Data Is Protected

Fiskil states that its platform uses security measures including encryption, multi-factor authentication and cloud-based infrastructure, and that its service is SOC 2 compliant.

Fiskil also states that its Australian Open Banking solution uses Financial-grade API (FAPI) security, token-based authentication and encrypted data transfer.

Under its CDR policy, Fiskil follows a data minimisation principle, meaning it collects the data necessary to provide the specified product or service for which consent has been given.

A More Secure Way to Connect Your Bank

Moving Agrimaster Bank Feeds to Open Banking removes the reliance on legacy screen-scraping methods.

In simple terms:

• No screen scraping is required for the Open Banking connection.
• Your online banking credentials aren't shared with Agrimaster as part of the connection.
• You authorise access to the banking information required by the service.
• Access is read-only and does not provide the ability to initiate payments through Australia's CDR Open Banking framework.
• Data is transferred through secure APIs, with Fiskil stating that its platform uses encrypted data transfer and financial-grade API security.
• You remain in control of your consent and can withdraw it