Business Hub

RELEASE NOTES: Moneysoft PFM August 2023

The following release notes relate to:
Application Version:
SDK Version: 2.0.0 20230828

Open Banking is Live!

It’s been a while coming and finally, ACCC approval was granted in August for Moneysoft to operate as a Consumer Data Right (CDR) Representative of Yodlee Inc (the Accredited Data Recipient).

CDR Data Feeds present several major benefits for you and your clients:

1. Security - no need for clients to share Internet Banking usernames and passwords.

2. Privacy - governed and controlled through the CDR legislation with safeguards built-in.

3. Quality – no data stoppages caused by Internet Banking changes (password or website).

4. Experience – all CDR data flows automatically, no more 2FA!

5. Reliability – CDR is a mandated form of data sharing to which banks must comply.

With CDR data feeds, internet banking passwords are not required, and clients may consent to share data for up to 365 days at a time.

To enable Open Banking (CDR) for your clients, you must first register as a Trusted Adviser, it’s the law and all part of the CDR Rules. But don’t worry, it’s an easy thing to do!

For more information, visit  ‘Open Banking’ on our website  

Watch this video, to register as a Trusted Adviser

And this video, shows how to connect to the CDR data feeds.  


Recalculate Budget function:

The function has now been restored. It enables an auto reset of the budget, for up to twelve months past transaction history.

Go to the Goals & Budget Page and click ‘Budget Options’

Choose ‘Recalculate’

Select the transaction history you want to use for the calculation and click ‘RECALCULATE’

Enhancement to Budget v Actual Report

We’ve added a ‘cumulative chart’ option to this report. Clients will effectively be able to see how much they have left to spend.

Alerts System:

We’ve made several enhancements and fixes to the Alerts system. Some conditions were preventing the alert emails from being sent – this has been fixed and improved. In addition, the available smart-tags (configurable wording) in emailed alerts has been extended and the alert conditions for being ‘over budget’, ‘over category’ and ‘over category group’ have been updated so that they fire much more reliably.

Performance fixes

Yet more improvements have been made to performance and user experience in August with some further optimisation of background processing that affected Dashboard load times. We continue to identify performance bottlenecks and rectify them where we can. We also made more general improvements to the speed of several standard reports.

If you would like more detail on this or previous fixes, please get in touch with Moneysoft Support ( or contact your Account Manager.