Open Banking and Payments Competition

Re:Open Banking and Payments Competition by AndrewDucker on Thursday August 14, 2025 @04:35AM (#44898168)

No mention of how open banking works outside of the US, where (in the UK) bank transfers are basically instantaneous and free, and I can happily retrieve my payments list to my budgeting app.

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Re:Open Banking and Payments Competition by rkomorn on Thursday August 14, 2025 @04:37AM (#44898178)

> and I can happily retrieve my payments list to my budgeting app

Is this a UK thing? I've been searching for something like Mint/Quicken in the EU and haven't found anything worthwhile because there doesn't seem to be a standard for budgeting apps to connect to banks.

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Re:Open Banking and Payments Competition by CamouflagedKiwi on Thursday August 14, 2025 @06:42AM (#44898875)

Yes, there is Open Banking in the UK: https://www.openbanking.org.uk/ It's the UK version of PSD2 so there should be equivalent schemes in Europe.

Not that it really is as open as many of us might like - the banks did a pretty good job of tying much of it up in red tape.

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Re:Open Banking and Payments Competition by gripfx on Thursday August 14, 2025 @04:54AM (#44898276)

I use the GoCardless API to pull transactions and balances into a Google Sheet. They have pretty good coverage for UK and EU it looks like [1]

[1] https://developer.gocardless.com/bank-account-data/overview#...

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Re:Open Banking and Payments Competition by erinnh on Thursday August 14, 2025 @05:42AM (#44898556)

PSD2 is that standard.

I personally use Finanzguru (for the German market, it supports many banks).

Likely to be many others.

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Re:Open Banking and Payments Competition by rkomorn on Thursday August 14, 2025 @08:52AM (#44899800)

Seems like my bank started supporting it last year. Will check it out.

Clearly, I must have been searching wrong!

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Re:Open Banking and Payments Competition by AndrewDucker on Thursday August 14, 2025 @05:44AM (#44898562)

A quick search shows this one is well regarded https://www.bilanceapp.com/

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Re:Open Banking and Payments Competition by rkomorn on Thursday August 14, 2025 @09:06AM (#44899927)

Interesting... in that it apparently has the exact same limitations as my bank's built-in finance tracking feature (including being mobile-only).

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Re:Open Banking and Payments Competition by graemep on Thursday August 14, 2025 @09:54AM (#44900397)

Open banking does that but it needs to be a provider.

Some banks let you download in formats that let you then import into something. I have imported a lot into Gnucash from a downloaded file but its not smooth or complete (narrative needed fixing).

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Re:Open Banking and Payments Competition by marcus_holmes on Thursday August 14, 2025 @05:31AM (#44898492)

Also Australia.

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