tag:infinitekind.tenderapp.com,2009-01-14:/discussions/online-banking/15907-indian-banks-can-synchronise-online-transaction-on-moneydanceInfinite Kind: Discussion 2020-07-17T20:10:23Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/482502702020-04-17T20:09:06Z2020-04-17T20:09:06ZIndian banks can synchronise online transaction on Moneydance<div><p>Hi Capt. Sachin Kanti,<br>
Thank you for contacting Moneydance support.</p>
<p>I've responded to your other discussionealier. You should have received a copy of the reply via email. You can view the other discussion on <a href="https://infinitekind.tenderapp.com/discussions/online-banking/15905-adding-indian-banks-for-online-banking-details">this page</a>. Please find the same reply again below:</p>
<p>"Currently, Moneydance only supports automatic downloads using Direct Connect. Unfortunately, we are not aware of any Indian banks that support this connection method, at the moment.</p>
<p>By only using Direct Connect, we can guarantee that your username, password and financial data only ever exists with your bank or on your own personal computer, and at no point are your details stored on another server.</p>
<p>You can read more about why we only support this connection type in our <a href="https://infinitekind.com/blog/online-banking-privacy-security">blog</a> and also in <a href="https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/express-web-connect">this article</a>.</p>
<p>Some banks in Europe have recently begun using a service called 'Open Banking', and we are actively looking into adding connectivity to Moneydance. Unfortunately it is not reachable by Moneydance right now because it require a third party service to connect to the bank. We're going to wait until Open Banking allows connections directly from the software running on our customer's devices.</p>
<p>We fiercely believe that your financial information should be secure and only accessible to yourself, your financial institution, and anyone with whom you explicitly choose to share it.</p>
<p>Without Direct Connect, you are still able to easily import your data into the program. For now, the best way to get your files into Moneydance is to use a web browser to download them from your bank's web site.<br>
We'd recommend you use the OFX or QFX file format if either of these are available. If not, use the QIF file format. You can find the steps for manually importing your data in <a href="https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/manual-downloads">this article</a>."</p>
<p>I hope this information is helpful. Please let me know if you have further questions or need any assistance.</p>
<p>--<br>
Maddy, Infinite Kind Support</p></div>Maddy