Obviously. But why would banks ever do that? They see Robinhood, Lending Club, Venmo, etc as competitors. No way there going to open up API’s to them unless the government forces the banks to do it.
So maybe Plaid will be what Venmo was to Zelle. I have been following this space for a while now. When Plaid came into the picture, it made Yodlee be more open. So maybe in 10 more years we will have open bank APIs.
They have been trying to get banks to have APIs for years with no luck -- ofx/ofc. Mint went their own way for scraping and Watsi died because they did NOT want to do scraping. I was actually surprised when 2 years ago Xero got a "direct integration with Wells Fargo. Synapse got some funding a couple of days ago one can certainly hope