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Does FedNow solve all of the problems Plaid solves? I'm thinking specifically about Plaid functionality that lets consumers expose transaction history, investme
by runako 6y ago
Does FedNow solve all of the problems Plaid solves? I'm thinking specifically about Plaid functionality that lets consumers expose transaction history, investments, etc.
It would appear that FedNow solves for "How do I get money into my Schwab brokerage account?" but not "How can I let Schwab do risk analysis across all my investment accounts?"
- toomuchtodo 6y agoIt does not, which is why I mention Europe's PSD2, which would. You don't build a startup to do this, you mandate your financial institutions to provide this functionality to users. Baby steps!