> The situation would be better than it is now, even with every bank implementing their own proprietary API.
Well, I think that would barely change everything on the consumer side. Nobody is going to go through and integrate with the hundreds of credit unions and local banks just for their app - if anything it only encourages a few extra companies enter the battle with Plaid.
Well, I think that would barely change everything on the consumer side. Nobody is going to go through and integrate with the hundreds of credit unions and local banks just for their app - if anything it only encourages a few extra companies enter the battle with Plaid.
Hopefully FedNow fills this void, at least for the U.S. market. https://www.frbservices.org/financial-services/fednow/about....