Fintech startup Plaid raises $250M at a $2.65B valuation

Re:Fintech startup Plaid raises $250M at a $2.65B valuation by smnrchrds on Tuesday December 11, 2018 @11:28AM (#18656405)

> bank could, quite reasonably, cut off your access for this.

It's worse than that. Sharing passwords with third-parties typically "voids the warranty." If money is stolen from your account, the bank can deny reimbursing you because giving a third-party your password voids their zero-liability guarant guarantee.

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Re:Fintech startup Plaid raises $250M at a $2.65B valuation by sjtgraham on Tuesday December 11, 2018 @04:30PM (#18659095)

This is actually false in many jurisdictions, including the entirety of Europe.

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Re:Fintech startup Plaid raises $250M at a $2.65B valuation by frereubu on Tuesday December 11, 2018 @05:20PM (#18659528)

Can you link to some information about that? I know at least one of my banks (I'm in the UK) has that in their ToS. Is that invalid? If so, how?

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Re:Fintech startup Plaid raises $250M at a $2.65B valuation by sjtgraham on Tuesday December 11, 2018 @05:25PM (#18659564)

Re-read your bank ToS. If you're in Europe, it won't be in there. Such provisions are not compliant with PSD2.

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