Re:Why HTML Is a Strategic Dead End for Business Transaction...
by miohtama on Wednesday November 23, 2022 @11:20AM
(#33721127)
> The main thrust in this article is that scraping HTML display markup is a terrible form of data interchange between systems. Think in terms of modern banking systems that are based on screen-scraping terminal UIs of that era.
As a sidenote this is intentional for banks. They do not want to provide APIs or anything similar to ensure they can lock in their customers to their own platform. This is because competition is toxic for companies that do not invest in R&D.
The situation is so bad that the EU rolled out regulation called PSD2 to address the situation. You need to get access to your bank account via API by law. However, the bureacrats made this extra political and complicated and you need to sign up to a third party company and request the access through this company to your own bank account. The solution, PSD2, has not been the great success that takes down Visa/Mastercard/etc. as its proponents claimed.
As a sidenote this is intentional for banks. They do not want to provide APIs or anything similar to ensure they can lock in their customers to their own platform. This is because competition is toxic for companies that do not invest in R&D.
The situation is so bad that the EU rolled out regulation called PSD2 to address the situation. You need to get access to your bank account via API by law. However, the bureacrats made this extra political and complicated and you need to sign up to a third party company and request the access through this company to your own bank account. The solution, PSD2, has not been the great success that takes down Visa/Mastercard/etc. as its proponents claimed.