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In many cases, if the APIs are available _and support all the necessary features_, Plaid will work with the bank to use the APIs. Banks have chosen to withhold some info from the APIs that are available on the site, which prevents a full switchover. The other problem, of course, is the payment model: should Plaid pay banks for access to the data? Should banks have to make the APIs as fully featured as their site for external consumption?

Also worth noting that the largest of US banks do offer APIs, but a large swath of the rest do not, either due to proprietary systems, choosing not to use their processor-offered solutions, or simply avoiding risk.

So, Plaid will have to scrape for another few years, I suspect, until the banks catch up in the US to what we are seeing in UK and other places.






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