Canada calls screen scraping ‘unsecure,’ sets Open Banking target for 2023
It's about time. When I learned that applications like YNAB (You Need A Budget) use services like Plaid to connect to my bank account, and that these services literally take my username and password and <i>impersonate me</i> to get my banking data, I was a little sketched out. I use YNAB every day, and having it connected to my bank account is incredibly useful, but if something goes wrong and Plaid loses my money somehow, is there any recourse?<p>Hopefully individuals will be able to use the Open Banking APIs to access their own data directly, but it looks like accreditation will be required, so probably not.<p>Here's the full text of the report: <a href="https://www.canada.ca/en/department-finance/programs/consultations/2021/final-report-advisory-committee-open-banking.html" rel="nofollow">https://www.canada.ca/en/department-finance/programs/consult...</a>