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>you'll pay fees to get information you can get for free if you integrate directly with the banks

For the data Plaid was providing, this isn't really true at all in the US. Last I checked, the big banks were very guarded in their API access and you either had to have (1) a large payment (2) a high minimum balance and (3) pay for an audit from their auditor of choice.

I think Europe is different in this regard but the US players really had no incentive to do anything Plaid offered.






"For the data Plaid was providing, this isn't really true at all in the US."

Right, I'm talking specifically about open banking, which isn't a thing in the US.


If you want to truly use most bank API's you have to be audited heavily by them first.



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