Recently the EU laid out the PSD2 - where banks MUST allow third party access to customers accounts / statements etc.
The data transfer project is a small, glimmer of the same sort of thing - we own our data, and data providers MUST design themselves around that.
Large data holders cannot live behind walled gardens for ever - specialist data analysers are going to spring up - some will offer budget planning for my accounts - others will track my twitter feed letting me know of things of interest - the news feed will be almost as much interest as my bank account - but overall, third party data wranglers are a good thing
The data transfer project is a small, glimmer of the same sort of thing - we own our data, and data providers MUST design themselves around that.
Large data holders cannot live behind walled gardens for ever - specialist data analysers are going to spring up - some will offer budget planning for my accounts - others will track my twitter feed letting me know of things of interest - the news feed will be almost as much interest as my bank account - but overall, third party data wranglers are a good thing