3 ms·
Works really well in the UK. Using my Monzo (current account) app, I have added my building society account & credit card accounts & can view the balances and t
by trollied 5y ago
Works really well in the UK. Using my Monzo (current account) app, I have added my building society account & credit card accounts & can view the balances and transactions of the various accounts all in the same app.
- iudqnolq 5y agoFor context this means essentially anytime you're shown what looks like an oauth login screen with your bank's logo, and your bank is in the US. (There are a few competitors to plaid, but they use essentially the same methods) Edit: s/play it/plaid
- dbbk 5y agoI don't understand what you're saying?
- iudqnolq 5y agoIf you have a US bank account, and you've ever been asked by a different app to "link to" that account, you've almost certainly used a service that stores your username and password and plain in text and screen scrapes. A common place to see this is apps that enable instant transfers, like paypal, venmo, and cash app. The main way they offer to link a bank account so that you can send money from that account involves a fake authorization screen that takes your password and stores it. Scroll down to the "how it works" section on https://plaid.com/use-cases/personal-finances/ https://plaid.com/use-cases/personal-finances/ and you can see what this looks like.
- dbbk 5y agoOh, I think you replied to the wrong person then? Monzo (as well as everyone else in the UK) uses Open Banking, not scraping.