When are US banks going to come around to open banking?  They need to come around to the model where they provide the infrastructure and let third parties manage the customer interaction.<p>RobinHood&#x27;s model[1] is pretty interesting in this respect.  They are managing the highly regulated part of stock trading and letting API clients deal with the customer experience. This enable trading to be done from any number of apps that consumers are using without those app developers from having to deal with the regulated investment management component.<p>This is the model that banks should adopt.  Unfortunately, it will take incumbent a long time to come around to this.<p>I&#x27;ve written about opening up bank data here: <a href="https:&#x2F;&#x2F;www.linkedin.com&#x2F;pulse&#x2F;let-my-financial-data-free-johnie-lee" rel="nofollow">https:&#x2F;&#x2F;www.linkedin.com&#x2F;pulse&#x2F;let-my-financial-data-free-jo...</a><p>[1] <a href="http:&#x2F;&#x2F;www.financemagnates.com&#x2F;fintech&#x2F;investing&#x2F;robinhood-goes-open-with-openfolio-quantopian-stocktwits-and-rubicoin-integration&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.financemagnates.com&#x2F;fintech&#x2F;investing&#x2F;robinhood-g...</a>