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You should be able to own your financial data, and access it in various ways. Incumbent banks have been incredibly bad at creating modern digital user experien
by dharma1 10y ago
You should be able to own your financial data, and access it in various ways.
Incumbent banks have been incredibly bad at creating modern digital user experiences. To analyse my spending, I have to login to my online bank with a fob and various passwords, download statements in .csv format (month by month, no batch download) and plot them in excel. It's not great.
I am really looking forward to more open banking API's. Monzo have one, a couple of others, but very few.
I have been working on a side project for the kind of banking experience I would want [1] - but it won't be possible without banks opening up API's.
[1] http://bixtr.com http://bixtr.com
- lhnz 10y agoYou should take a look at Teller [http://teller.io http://teller.io].
- aembleton 10y agoThat's a good looking webpage and phone shots.
- dharma1 10y agoThanks! Building the front end and ML layer at the moment and starting to show it to people
- Silhouette 10y agoIncumbent banks have been incredibly bad at creating modern digital user experiences. To analyse my spending, I have to login to my online bank with a fob and various passwords, download statements in .csv format (month by month, no batch download) and plot them in excel. It's not great. That is certainly true, but it's not as if the shiny new fintech startups are necessarily any better. You'd think it would be business finance 101 to be able to reconcile money that a payment service collects from your customers and then deposits in your bank account with the money you expected them to be collecting, but unless there's been yet another API change lately, none of the services we use support a simple, reliable way to do this.