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Several of the traditional services offered by banks are under threat, according to MYOB, with superior transactional data enabling accounting firms to offer these services at faster rates than the banks.
Speaking to AccountantsDaily, MYOB general manager of user experience and design Ben Ross said recent developments with lending and merchant facility services mean small business clients are already able to access these services directly from their accounting firms, bypassing the banks.
Read the full story at AccountantsDaily.