> Application Programming Interfaces (APIs) with a tokenized or alternative authentication method [...] can be inconsistent among financial institutions That s

> Application Programming Interfaces (APIs) with a tokenized or alternative authentication method [...] can be inconsistent among financial institutions That sounds like a made up argument. How is structured data less consistent than the scraping that is currently happening? A more realistic argument is that banking systems are old and outdated, the cost of upgrade is enormous and no banks wants to be first. Worse, some banks actually have standard APIs (e.g. OFX) than are used by commercial accounting softwares (e.g. mint, quicken) but the banks (e.g. Chase) charges a monthly fee to enable it.