Reckon taps SISS for first Consumer Disclosure bank feed

Reckon has adopted SISS Data Services' Consumer Disclosure solution, becoming the first customer to use the product.

The move allows individuals and sole traders to share banking data with Reckon through the Consumer Data Right framework without the accounting software provider needing its own accreditation.

SISS acts as the accredited data recipient and manages the underlying infrastructure. Reckon can then receive customer-authorised bank data for its accounting software through SISS's ACSISS My Data platform.

The arrangement follows updated clarification from the Australian Competition and Consumer Commission on "Use Consent" in 2026. That created a pathway for platforms such as Reckon to offer CDR-based bank feeds without becoming accredited data recipients themselves.

For smaller businesses and sole traders, bank feeds have often been harder to set up through existing processes. The new model is aimed at customers including micro businesses without an ABN, a group that can face more friction when connecting bank accounts.

Alternative route

The launch also gives software providers and fintechs an alternative to older screen-scraping methods. Those methods typically require customers to share online banking credentials with third parties. By contrast, the CDR framework is based on customer consent and sets out what data is shared, why it is shared and how long access lasts.

Customers can withdraw consent at any time. Under the arrangement with Reckon, users connect their bank account through the consent process and transaction data is then delivered into the accounting platform.

Grant Augustin, Chief Executive Officer and Founder of SISS Data Services, said the product was designed to address a gap in open banking access for smaller operators.

"Reckon has partnered with SISS Data Services to tackle one of Open Banking's biggest challenges: how to securely and efficiently serve individuals and sole traders," said Augustin, Chief Executive Officer and Founder of SISS Data Services.

"For Reckon, Consumer Disclosure provides a new pathway to deliver bank feeds to customer segments that have historically been difficult to support, while maintaining the quality, accuracy and security of CDR-sourced data. Ultimately, it means more individuals and businesses can benefit from the convenience of accounting-grade bank feeds," he said.

Reliability has been a problem for some customers using existing bank feed options, according to Reckon. Outages or unstable feeds can leave gaps in transaction records and force manual work to restore missing data.

"Many sole traders and micro businesses were depending on bank feed options that took a long time to set up and didn't always hold up. When a feed drops out, transactions go missing and people end up chasing gaps or re-importing data by hand. That's time they don't get back, and it leaves room for errors," said Sam Allert, Chief Executive Officer of Reckon.

Allert said the company wanted the service to reach customers across its user base, not just larger or more straightforward business accounts.

"We wanted every Reckon customer, whatever their size, to have secure access to reliable bank transactions they can trust," he said.

Wider impact

The development may be watched closely by other providers in accounting, lending and financial technology. By using an accredited intermediary to handle CDR compliance and data receipt, platforms may be able to offer bank data connectivity without taking on the cost and administrative burden of full accreditation.

SISS said the Consumer Disclosure model could be used across lending, accounting, small business finance, mortgage broking and personal finance. It has been supplying bank data feeds for more than 15 years.

For Reckon customers, the practical change is in how bank feeds are authorised and maintained. The process is intended to reduce setup delays and improve continuity of transaction imports for accountants, bookkeepers and business owners.

"Setting up a bank feed is now quicker and simpler. Customers connect their bank once, give their consent, and their transactions flow into Reckon reliably from then on," Allert said.

"This way their accountant or bookkeeper also gets a complete, current picture of the business, helping make that relationship more productive," he said.