Re:Show HN: I made a simple personal finance API (like Yodlee)
by dpapathanasiou on Tuesday October 12, 2010 @12:57PM
(#1784032)
It does take some trust on the part of the users but the risks are alleviated by the fact that the money is insured and even if I had your credentials, your bank should not allow me to log in as I'm accessing it from a different computer.
If you mean FDIC insurance, that's only if the bank fails; identity theft type losses are probably not covered (you may want to research and confirm this).
Also, I don't think it matters from which computer/ip address someone logs in. If you know my login credentials, you can do anything to the account (though this might vary from bank to bank).
I think you need to be more proactive about security and fraud before people will be comfortable.
If you mean FDIC insurance, that's only if the bank fails; identity theft type losses are probably not covered (you may want to research and confirm this).
Also, I don't think it matters from which computer/ip address someone logs in. If you know my login credentials, you can do anything to the account (though this might vary from bank to bank).
I think you need to be more proactive about security and fraud before people will be comfortable.
http://finkin.com/InstitutionSearch.xml
Thanks, I'll take a look.