diff --git a/docs/federation/finance.md b/docs/federation/finance.md
index e473da2..1cb77d4 100644
--- a/docs/federation/finance.md
+++ b/docs/federation/finance.md
@@ -16,18 +16,9 @@ The Federation agrees on Budget items as large decisions that must pass a resolu
 
 ## Sending and receiving money
 
-It's slightly complicated, because money is complicated, but here's how it works. There are two moving parts:
+Money is managed through The Co-op Cloud Open Collective account. Platform 6 is [the fiscal host](https://docs.opencollective.com/help/fiscal-hosts/fiscal-hosts) for the Co-op Cloud Open Collective account.
 
-* The Co-op Cloud Open Collective
-* The Autonomic Wise account
-
-Autonomic is [the fiscal host](https://docs.opencollective.com/help/fiscal-hosts/fiscal-hosts) for the Co-op Cloud Open Collective (OC).
-
-OC helps us make all expenses and transfers transparent to the Federation. No actual money is handled via the OC interface. All payments are done via the Autonomic [Wise](https://wise.com) account. The total sum of the available funds shows on the OC page is the actual amount that is held in the Autonomic Wise account.
-
-Autonomic Co-op members commit to support the federation by doing the financial adminstration work for the time being. Autonomic is publicy registered, has a bank account, files taxes etc. All financial comings/goings are kept on the books internally at Autonomic. This could be further mutualised or another collective could pick this up in the future.
-
-Autonomic does not eat the transfer costs from the Wise account when paying out expense for members. That is charged to the Federation common fund.
+Transactions are submitted through Open Collective, approved by the Federation and paid out by our fiscal host.
 
 ### How to get paid via Open Collective