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> screen scraping after requesting your account credentials Sounds very odd. Handing your log in credentials to anyone is against the rules not to mention co
by kwhitefoot 5y ago
> screen scraping after requesting your account credentials
Sounds very odd. Handing your log in credentials to anyone is against the rules not to mention common sense. Even the bank itself will never ask for that. My bank's website has warnings about this right on the front page.
- rmesters 5y agoUnfortunately, this is still common in Europe: https://sifted.eu/articles/open-banking-finance-battle/ https://sifted.eu/articles/open-banking-finance-battle/ In U.S. most "open banking" is still done via asking people to share their banking passwords.
- vishnugupta 5y agoWhile it is indeed odd companies are making fortune out of this. Plaid is a recent example which was in news for failed acquisition by Visa (shot down by DoJ no less[1]). Yodlee is another old timer company. Why do regulators not go after such companies is beyond me. [1] https://www.justice.gov/opa/pr/justice-department-sues-block-visas-proposed-acquisition-plaid https://www.justice.gov/opa/pr/justice-department-sues-block...
- creeble 5y agoGood previous discussion a year ago on HN: https://news.ycombinator.com/item?id=28389576 https://news.ycombinator.com/item?id=28389576