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No, if anything banks have been catching on to Plaid and many have decided to stop supporting it e.g. Capital One has been on/off it for years.

Banks aren't exactly happy that their API is basically scraping their website, for very valid reasons, including the customer's own security.

If enough of the big banks decided they had enough of Plaid then it would present a massive existential threat to the business. If anything, I think that threat is a reason why they wanted an exit sooner rather than later.






Capital One removed common banking functions on my account about a year or so ago. I can no longer bill pay vendors and exported statements don't even match the UI. So I wouldn't use them as a model. Their online Spark account is terrible.

I guess this is part of why they would welcome an acquisition by VISA. They instantly have a generous benefactor to open all the doors to the various banks.

Or PSD2 will make their tech outdated. Europe’s push for open banking may not be fast but it is relentless.



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