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It would be nice if an industry standard developed around Oauth for financial data. It would be far easier for data aggregators to use, and far safer for custom
by twblalock 10y ago
It would be nice if an industry standard developed around Oauth for financial data. It would be far easier for data aggregators to use, and far safer for customers as well.
- drglitch 10y agoOne huge reason there's a war going on over this is that aggregate transactional (not even itemized receipt) data is a goldmine of near-real-time consumer behavior analytics. Hedge funds love this data and companies like Yodlee (and couple of startups) are stomping over one another to sell it. A couple of startups was on HN recently
- twblalock 10y agoJudging by some recent statements by Jamie Dimon and others, the banks would much rather provide this information via secure APIs than allow screen scraping to continue.