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One 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 behav
by drglitch 10y ago
One 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.