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There are “people who improperly use data that’s being given to them, like Plaid,” Dimon told analysts. [0] Amazing how openly CEO's like Dimon will fear-monge
by TRDRVR 3y ago
There are “people who improperly use data that’s being given to them, like Plaid,” Dimon told analysts. [0]
Amazing how openly CEO's like Dimon will fear-monger about start-ups, when in reality they're just not satisfied with their own team's progress in doing the same exact thing. But of course it's OK when they eventually launch the product.
[0]https://www.finextra.com/newsarticle/37293/dimon-scared-shitless-by-fintechs-calls-out-plaid https://www.finextra.com/newsarticle/37293/dimon-scared-shit...
- hakfoo 3y agoPlaid wouldn't exist if there had been practical open banking APIs. Remember their original use case was to offer third-party services something with a little more guiderails than "enter your ACH info and cross your fingers" and a little less clumsy than "we'll take that info and make some test deposits that you have to read back to confirm it's your account."