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Does anyone know if such a thing exists in Europe?
by yoran 8y ago
Does anyone know if such a thing exists in Europe?
- jorge-d 8y agoThere is Bankin[0] which I believe shares a few similarities, however it mostly works with French bank accounts for now. [0] https://bankin.com https://bankin.com
- deleted 8y ago[deleted]
- BukhariH 8y agoThe original one (expensive): https://www.yodlee.com/yodlee/europe-africa https://www.yodlee.com/yodlee/europe-africa UK startups: https://teller.io/ https://teller.io/ https://truelayer.com/ https://truelayer.com/
- carlsborg 8y agofigo too perhaps
- scient 8y agoI hope not, because its such a shitshow. You literally give your bank credentials to a third party who then logs in to your account and scrapes info off of it - info that you have no control over. Capital One was smart enough to block them off (which is the bank I use), and now they actually provide proper OAuth based APIs to access your account.
- deleted 8y ago[deleted]
- asianthrowaway 8y agoThings are changing with PSD2 regulations. Banks in the EU starting in 2019 will have to provide open (and secure) APIs to third parties.
- scient 8y agoOne can only hope this would make it to the US as well. The problem largely seems to be banks being ancient behemoths in terms of technology, and introducing APIs like this poses a significant risk from security and policy perspective. Plus its not going to be a major source of revenue either, so why bother?
- tobias3 8y agoWell, at least in Germany we kind of have the FinTS protocol to get at the data and don't have to scrape. So less need for an intermediary. I also saw something about EU regulations for bank APIs, but unfortunately not one common API.