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Forget about existing banking interchange formats which (from personal experience) wells fargo both doesnt supportOFX or implements poorly QFX, they should defi
by hannasm 10y ago
Forget about existing banking interchange formats which (from personal experience) wells fargo both doesnt supportOFX or implements poorly QFX, they should definitley define a new API and be a leading stakeholder.
- kornork 10y agoCan someone who knows explain why Wells Fargo is inventing a new API rather than using OFX? Is OFX deficient?
- Spivak 10y agoOFX isn't great and a PITA to implelent but it's ubiquitous thanks to Quicken. Banks move at speeds that make most glaciers jealous and Intuit has some financial incentives to keep the spec complicated so it's really no surprise we've been stuck with it so long. A new open standard would have been nice, but I wouldn't hold my breath on other banks implementing it, so I can't really blame WF for going it alone here.