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A comment on Apple acquires UK open banking startup Credit Kudos. Parent comment

Re:Apple acquires UK open banking startup Credit Kudos by kwhitefoot on Wednesday March 23, 2022 @11:37AM (#30779562)
> screen scraping after requesting your account credentials

Sounds very odd. Handing your log in credentials to anyone is against the rules not to mention common sense. Even the bank itself will never ask for that. My bank's website has warnings about this right on the front page.

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Re:Apple acquires UK open banking startup Credit Kudos by vishnugupta on Wednesday March 23, 2022 @11:46AM (#30779678)
While it is indeed odd companies are making fortune out of this. Plaid is a recent example which was in news for failed acquisition by Visa (shot down by DoJ no less[1]). Yodlee is another old timer company. Why do regulators not go after such companies is beyond me.

[1] https://www.justice.gov/opa/pr/justice-department-sues-block...

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Re:Apple acquires UK open banking startup Credit Kudos by rmesters on Wednesday March 23, 2022 @11:43AM (#30779649)
Unfortunately, this is still common in Europe: https://sifted.eu/articles/open-banking-finance-battle/

In U.S. most "open banking" is still done via asking people to share their banking passwords.

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Re:Apple acquires UK open banking startup Credit Kudos by creeble on Wednesday March 23, 2022 @11:51AM (#30779752)
Good previous discussion a year ago on HN:

https://news.ycombinator.com/item?id=28389576

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