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.

  • a1studmuffin@aussie.zone
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    1 year ago

    I’ve never really considered them. My first thought is around security issues, though I don’t know much about the space.

    • tfyoung@aussie.zoneOP
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      1 year ago

      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.

    • Sacah@aussie.zone
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      1 year ago

      This wasn’t a quick thing slapped together, a lot of thought, planning and consultation went into it. It’s a really nice system, and so much better than the previous ways of aggregating financial data.