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The UK has implemented Open Banking [1] and PSD2 directive since late 2018. It allows apps to interconnect and pull data - I can use a single banking app to ch
by adarioble 6y ago
The UK has implemented Open Banking [1] and PSD2 directive since late 2018.
It allows apps to interconnect and pull data - I can use a single banking app to check balances across all my accounts.
[1] https://www.openbanking.org.uk https://www.openbanking.org.uk
- ThePowerOfFuet 6y agoPSD2 is EU-wide. (I hope the UK doesn't roll it back!)
- sputr 6y agoNow if 'open' part of PSD2 open banking actually meant that I could access my own bank account api, that would be great :).
- brnt 6y agoUnfortunately you need to be acredited to be able to get access to banks APIs and in order to get acredited there are certain requirements such as needing to be a legal entity. Alas, no dice for the enthusiasts.
- toomuchtodo 6y agoCould enthusiasts not form a non profit entity to receive accreditation and delegate access?
- sputr 6y agoThere are other, such as capital, cash flow and licensing requirements.... As far as I can tell. I was very disappointed when I found this out too. Fail. There will probably be resellers offering api access to our own data (I think that's the deal with tokens.io) so... classic lobbiest produced walled garden to limit free enterprise and competition.