Re:Launch HN: Fuse (YC W19) – Unified API for financial data...
by tonikami on Tuesday June 27, 2023 @09:45PM
(#36501263)
Hey, right now Fuse is dependent on third party aggregators and is most useful for companies that want to increase coverage and reliability. One idea if you're concerned with aggregators storing your customer data, is to only whitelist institutions where connections are established through OAuth. This way the aggregator won't be storing any account credentials. Most top aggregators have a few of the top institutions using OAuth now, so if coverage is not an issue for you this would be a good path.
My priorities are privacy first then wider coverage for bank accounts. I'd rather some consumers are blocked form accessing the service than having their transaction data getting leaked to intermediaries.