Plaid wouldn't exist if there had been practical open banking APIs.
Remember their original use case was to offer third-party services something with a little more guiderails than "enter your ACH info and cross your fingers" and a little less clumsy than "we'll take that info and make some test deposits that you have to read back to confirm it's your account."
Remember their original use case was to offer third-party services something with a little more guiderails than "enter your ACH info and cross your fingers" and a little less clumsy than "we'll take that info and make some test deposits that you have to read back to confirm it's your account."