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For 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 fe
by iudqnolq 5y ago
For 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.