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We have a system like this in Australia already. The benefit of it is its a read only system so if criminals get access to your api key, they can list your deta

We have a system like this in Australia already. The benefit of it is its a read only system so if criminals get access to your api key, they can list your details out but they can't take your money or do much useful. So much better than giving a 3rd party your login details.

phil-martin 5y ago
Can you share the systems that provide read only API access please? I've tried to find services like them numerous times over the years but have failed at piercing the cloud of opaqueness that seems to surround banking.
- SilverRed 5y ago
  Up bank has a read only api.
- shakna 5y ago
  OpenBanking at some of the big banks: + CommonWealth Bank - https://www.commbank.com.au/developer https://www.commbank.com.au/developer + NAB - https://developer.nab.com.au/docs/open-banking https://developer.nab.com.au/docs/open-banking + Westpac - https://www.westpac.com.au/about-westpac/innovation/open-banking/product-api/ https://www.westpac.com.au/about-westpac/innovation/open-ban...
Tempest1981 5y ago
Doesn't Intuit use some read-only mechanism, allowing TurboTax to import your 1099 data? I hope it's read-only. Curious how it works.
shakna 5y ago
Unfortunately, Australia's APIs (for anything useful), also have a high barrier to entry for just anyone looking to build an app on top of them: > To access consumer APIs, you'll need to be accredited by the ACCC and get the customer's consent. Accreditation [0] has a lot of requirements - my paying child support was considered disqualifying. Parts of accreditation make sense, and should keep things more secure, other parts... Make less. Mandatory AFCA membership, for example, only makes sense at first glance. The ombudsman can still field complaints without it. Consumer Rights still exist without it. However, the mandatory membership is being used by the ACCC as a replacement for yearly auditing. [0] https://www.accc.gov.au/focus-areas/consumer-data-right-cdr-0/cdr-accreditation-guidelines https://www.accc.gov.au/focus-areas/consumer-data-right-cdr-...
- zipline88 5y ago
  if anyone has any ideas on utilizing openbanking here in aus, we should get together and make some $$$$$$$$$$$$$$$$$$

phil-martin 5y ago

Can you share the systems that provide read only API access please? I've tried to find services like them numerous times over the years but have failed at piercing the cloud of opaqueness that seems to surround banking.

SilverRed 5y ago
Up bank has a read only api.
shakna 5y ago
OpenBanking at some of the big banks: + CommonWealth Bank - https://www.commbank.com.au/developer https://www.commbank.com.au/developer + NAB - https://developer.nab.com.au/docs/open-banking https://developer.nab.com.au/docs/open-banking + Westpac - https://www.westpac.com.au/about-westpac/innovation/open-banking/product-api/ https://www.westpac.com.au/about-westpac/innovation/open-ban...

Tempest1981 5y ago

Doesn't Intuit use some read-only mechanism, allowing TurboTax to import your 1099 data? I hope it's read-only. Curious how it works.

shakna 5y ago

Unfortunately, Australia's APIs (for anything useful), also have a high barrier to entry for just anyone looking to build an app on top of them: > To access consumer APIs, you'll need to be accredited by the ACCC and get the customer's consent. Accreditation [0] has a lot of requirements - my paying child support was considered disqualifying. Parts of accreditation make sense, and should keep things more secure, other parts... Make less. Mandatory AFCA membership, for example, only makes sense at first glance. The ombudsman can still field complaints without it. Consumer Rights still exist without it. However, the mandatory membership is being used by the ACCC as a replacement for yearly auditing. [0] https://www.accc.gov.au/focus-areas/consumer-data-right-cdr-0/cdr-accreditation-guidelines https://www.accc.gov.au/focus-areas/consumer-data-right-cdr-...

zipline88 5y ago
if anyone has any ideas on utilizing openbanking here in aus, we should get together and make some $$$$$$$$$$$$$$$$$$