> Plaid... supports thousands of financial institutions.
While this is technically correct, I feel this is a little disingenuous. In the UK we have a far concentrated banking industry, at least in retail banking, in that the vast majority (I'd guess >99%) of current accounts or similar are held with maybe 6-7 well known high-street banks. We also do not yet have a shared banking API format.
In the US, there are a very large number of smaller credit unions, and many banks/credit unions support the same API format (that I believe Mint.com etc use), and have done for a long time.
So I feel this is disingenuous because a) there are fewer banks to integrate with in the UK, and b) the game of integrations here is much tougher.
> Plaid... supports thousands of financial institutions.
While this is technically correct, I feel this is a little disingenuous. In the UK we have a far concentrated banking industry, at least in retail banking, in that the vast majority (I'd guess >99%) of current accounts or similar are held with maybe 6-7 well known high-street banks. We also do not yet have a shared banking API format.
In the US, there are a very large number of smaller credit unions, and many banks/credit unions support the same API format (that I believe Mint.com etc use), and have done for a long time.
So I feel this is disingenuous because a) there are fewer banks to integrate with in the UK, and b) the game of integrations here is much tougher.