Anyone using any open banking aggregators?
I’ve been using frollo to see all bank accounts in one place. The app in general feels way more like a tech demonstration for their APIs than actually trying to be a product itself though. Still it’s nice to see that there are ways to expose the data without having to give full user/password access.
That’s the nice thing about open banking is that now the banks are providing a read only API for 3rd parties that you’ve explicitly authorised the token for and can revoke at any time. Of course everything has potential security issues, but this is really more about privacy I think. You’re sharing your financial transactions with that 3rd party. They have obligations under the open banking rules, but it’s still an extra copy of your records sitting somewhere. But the upshot is potentially pretty big if you have multiple accounts, being able to see it all in one place.
I’ll have to look into it, surely someone has done an opensource implementation on GitHub that runs locally and doesn’t need a third party.
edit:
Good guy Luke
https://github.com/LukePrior/Australian-Open-Banking-Data-Database
It’s not quite that open sadly. To be a 3rd party, you need to be registered with the government (I forget the exact org) and comply with various rules and requirements.
I did read about that a few days ago, though it doesn’t stop the concept from being unnerving. I’m too used to being cautious with my data.