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Yes, Plaid clearly has different levels of integration with different banks. When I connect something to Chase with Plaid it is clearly a cooperative system wi
by wrs 6mo ago
Yes, Plaid clearly has different levels of integration with different banks.
When I connect something to Chase with Plaid it is clearly a cooperative system with an OAuth-like permission dialog, and the Chase side even mentions they're tokenizing the account numbers so Plaid can't see them.
When I connect to the little bank down the street I just get a username/password dialog. Their web banking system is so primitive I'm pretty sure Plaid is just scraping it. When they introduced 2FA, Plaid became quite flaky.
- mbm 6mo agoCorrect. They’re incentivized to try to make it as seamless and secure as possible for the 95%, but it’s challenging to build custom integrations for thousands of institutions. Wouldn’t open standards be nice?