4 ms·
> UK Open Banking isn't entirely an open standard for open interoperation, but maybe a little closer to a cabal? That's correct, "open" is a sham, there's noth
by Nextgrid 3y ago
> UK Open Banking isn't entirely an open standard for open interoperation, but maybe a little closer to a cabal?
That's correct, "open" is a sham, there's nothing open about it. You need to either have regulatory approval or piggyback off a gatekeeper's (TrueLayer, Plaid, etc) regulatory license to even get access, and when you do, you realize how terrible the data quality is and that it's near-impossible to build anything serious on top of it.
The co-founder of a business I consulted for previously recently wrote a nice summary of the issues you'd get if you wanted to embark on that path: https://www.adamjgo.com/p/the-open-banking-non-standards https://www.adamjgo.com/p/the-open-banking-non-standards