The system is awful but that’s what you’re stuck with in the US. In Europe open banking is regulated, so banks have to provide an oath-like API, often no creden

The system is awful but that’s what you’re stuck with in the US. In Europe open banking is regulated, so banks have to provide an oath-like API, often no credential sharing involved. I run a fintech startup, and as ridiculously insecure as the Plaid model is, there is huge demand for it. Customers want to extract their transaction data and there is no good interbank payment system in the US. I live in the Ukraine at the moment and the interbank payment system is far better here. Anyone can send money instantly to anyone else just by knowing their account number. The transfer fee is stated up front in the mobile app, and the transfer is instantaneous. Large amounts are protected by a 2FA approval notification, and you may receive a call from your bank. Businesses regularly accept payments through it as well.