3 ms·
We call PSD2 "openbanking" in the UK. It basically means things like YANB (budgeting tool) or freeagent ( accountancy tool for small business) can get access
by ownagefool 7y ago
We call PSD2 "openbanking" in the UK.
It basically means things like YANB (budgeting tool) or freeagent ( accountancy tool for small business) can get access to data you want them to, without you giving them your credentials.
Historically, most banks offered all or nothing access, and the aggregators would screen scrap using credentials that can steal all your money, and the links usually broke, or needed you to contioniously re-auth.
Its actually working. Modern banking apps will likely start to pull in all your financial services in the future.