4 ms·

Part of the challenge is there is no great way to easily get my data out of banks and accessible in one place. Business model aside, they do solve a real probl

Part of the challenge is there is no great way to easily get my data out of banks and accessible in one place. Business model aside, they do solve a real problem in a space where there are no real incentives for banks to provide their own solution. I'd love to see a subscription-based, privacy-focused option with API access targeting the consumer personal finance crowd. I think Tiller may get some of the way there, but I'm not sure how secure they are.

foxcurve 5y ago
If that's something you're interested in, I'd encourage you to send me an email (check profile). This is exactly what we've been working on for the better part of the year.
trianglesphere 5y ago
One problem I have with plaid is that the most common use for them that I see is a company using them in order to setup direct deposit. It's also really hard to figure out how to manually set it up (I usually have to click deny on plaid and then I can input it myself) I'm not interested in handing over all my info when I can copy and paste two numbers instead
swiley 5y ago
Isn't there a standard API used in the US? GNU cash talks about it some in their documentation but I've never tried using it.
- madamelic 5y ago
  Nope! US banks seem to have zero interest in doing so because it doesn't bring them money and Congress isn't interested in forcing them to. EU though is working on a solution between themselves. [0] US banks solutions range between "screw off, no scraping allowed even on your account" to (probably) "here's an undocumented SOAP API last touched in 1998" [0]: https://www.americanbanker.com/opinion/europes-new-api-rules-lay-groundwork-for-regulating-open-banking https://www.americanbanker.com/opinion/europes-new-api-rules...
  - swiley 5y ago
    Well this is what I was thinking of: https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect I know someone claims my bank supports it but I've never tried.

foxcurve 5y ago

If that's something you're interested in, I'd encourage you to send me an email (check profile). This is exactly what we've been working on for the better part of the year.

trianglesphere 5y ago

One problem I have with plaid is that the most common use for them that I see is a company using them in order to setup direct deposit. It's also really hard to figure out how to manually set it up (I usually have to click deny on plaid and then I can input it myself) I'm not interested in handing over all my info when I can copy and paste two numbers instead

swiley 5y ago

Isn't there a standard API used in the US? GNU cash talks about it some in their documentation but I've never tried using it.

madamelic 5y ago
Nope! US banks seem to have zero interest in doing so because it doesn't bring them money and Congress isn't interested in forcing them to. EU though is working on a solution between themselves. [0] US banks solutions range between "screw off, no scraping allowed even on your account" to (probably) "here's an undocumented SOAP API last touched in 1998" [0]: https://www.americanbanker.com/opinion/europes-new-api-rules-lay-groundwork-for-regulating-open-banking https://www.americanbanker.com/opinion/europes-new-api-rules...
- swiley 5y ago
  Well this is what I was thinking of: https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect I know someone claims my bank supports it but I've never tried.