Business banking · 2 October 2026
What Is Connected Banking? Manage Every Business Account in One Place
Connected banking links a company's current accounts at one or more banks to a single software dashboard through secure bank integrations. Finance teams can see balances and statements, make single and bulk payments, and reconcile transactions in one place instead of logging in to each bank portal.
The problem connected banking solves
Growing businesses in India often hold current accounts with several banks. Each bank has its own portal, its own login and token, its own payment upload format and its own statement download. Paying vendors, running salaries and matching payments to invoices across these portals takes hours and leads to errors.
What you can do with connected banking
- See live balances and statements for all linked accounts in one dashboard.
- Make single, bulk and scheduled payments from any linked account.
- Set approval rules, so payments above a limit need a second approver.
- Reconcile bank transactions with invoices and accounting records automatically.
- Give team members access by role, without sharing bank passwords.
Is connected banking safe?
Connected banking works through integrations set up with the bank, and payments still move from your own bank account. Access is controlled by user roles and approval rules, and every action is logged. You keep your bank relationships; the dashboard is the layer you work in.
Frequently asked questions
Do I need to open a new bank account for connected banking?
No. Connected banking links the current accounts you already hold with supported banks.
Does the money leave my bank account?
Payments are made from your own linked bank account. The dashboard only lets you see and control those accounts in one place.
Who uses connected banking?
Finance and operations teams at MSMEs, startups and larger companies that handle many payments or hold accounts with more than one bank.