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Most banks don't have an API, and statements are (often) lagged, sometimes even by a week or a month depending on how archaic the systems are.
by junon 2y ago
Most banks don't have an API, and statements are (often) lagged, sometimes even by a week or a month depending on how archaic the systems are.
- satvikpendem 2y agoLots of providers exist for bank information, Plaid is one of them. That's what many of these auto import personal finance softwares use.
- junon 2y agoHaving used Plaid, it is essentially web scraping as a service. It's an API built on top of very questionable access. It itself is not a formal API provided to you by the bank.
- satvikpendem 2y agoYes it is (I never said it wasn't), but it works. They are working with banks to modernize their APIs as well.
- jellyfishbeaver 2y agoThe Canadian government has apparently introduced a framework for sharing your banking data securely with third parties (budgeting apps, financial products) in an effort to eliminate this shady screen scraping and credential sharing that a lot of these kind of apps do. Hoping they actually follow through... https://www.canada.ca/en/financial-consumer-agency/services/banking/open-banking.html https://www.canada.ca/en/financial-consumer-agency/services/...