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Re:Ask HN: Are you terrified of Plaid’s account verification... by igammarays on Thursday September 02, 2021 @04:34AM (#28389824)
Yes, screen-scraping is a security nightmare that should not exist, but that's what you get in the US. It's an example of where libertarian capitalism and free-market forces don't work. In Europe, open banking is government-regulated, and that's the only reason why banks dedicate resources to building an API.
Re:Ask HN: Are you terrified of Plaid’s account verification... by wcoenen on Thursday September 02, 2021 @04:44AM (#28389866)
It is also done in Europe by Sofort / Pay Now / Klarna. (It's all the same thing, there is some brand confusion because of takeovers and translation).
Re:Ask HN: Are you terrified of Plaid’s account verification... by YeBanKo on Thursday September 02, 2021 @04:47AM (#28389877)
Didn’t Klarna have problems with fraud, because their security assumptions did not scale well outside of Sweden?