5 ms·
> I never liked that one need to provide his bank login data to Klarna / Sofort to use it. How is that even legal? I am parroting other HN comments here, but t
by julianlam 5y ago
> I never liked that one need to provide his bank login data to Klarna / Sofort to use it. How is that even legal?
I am parroting other HN comments here, but the reason this is necessary is because banks do not provide a public (or private) API except between other banks. Therefore the only avenue for integration would be directly accessing the account.
- ludamad 5y agoI wish this wasn't normal to me, but I've been fully conditioned to expect this from QuickBooksOnline
- showsover 5y agoThey do though. PDS2 requires all banks to have an accessible API.
- samhw 5y agoThis is different from banks actually _having_ an API. Many have stalled or successfully asked for exemptions, and even those who have gone ahead and, to some extent, complied, have still tried to make their APIs as difficult to use, feature-poor, and unreliable as possible. Source: worked at a bank which actually tried to do this well, and which also offered functionality which required us to integrate with other banks' APIs.
- Tainnor 5y agoNot really true in Germany where FinTS and its precursor HBCI have been supported by many banks since the 90s or so. Ironically, it's typically the hip start-up banks like N26 that don't support this standard.