Hacker News new | ask | show | jobs
by amonroe369 1506 days ago
No they didn't. November 2021 was not that long ago.

"You may be a Class Member if you are a United States resident and you connected a financial account to an app between January 1, 2013 and November 19, 2021....

"This class action alleges Plaid took certain improper actions in connection with this process. The allegations include that Plaid: (1) obtained more financial data than was needed by a user's app"
1 comments
naiwenwt 1506 days ago
Hence "most integrations", not all.

Citing a settlement date range with language like "may be a class member if you connected a financial account to an app" doesn't really refute my point.

link
amonroe369 1505 days ago
If I put up a captcha on my OLB/MB login portal, I can stop most plaid traffic because it appears as RPA activity, which would be screen scraping. AND we have one of those Bank API's built that those Plaid shills are talking about.

Theres only two reasons Plaid would keep screen scraping. 1) They are still selling data to third parties or providing insights on data to third parties. 2) it is cheaper for Plaid to screen scrape than API.

link
jeandenis 1505 days ago
Plaid CTO here. This is not accurate. On 1. We do not (and have never) sell data to third parties. On 2. We have been a proponent of open authentication standards like OAuth and App2App and today, a majority of our bank connections run via bank APIs - in fact, as Zach pointed out, we’ve helped many financial institutions move towards OAuth. We don’t want to handle credentials in the long-term. However it will take years for a full transition to APIs to happen with more than 11k banks in the United States and we feel that it's important to support the tens of millions of Americans who bank at those institutions.
link
amonroe369 1502 days ago
Considering everything, Zach and Plaid had to walk back all of your BS about Stripe stealing everything. Under the hood, Plaid lost to MX and Finicity with Stripe, and then accused Stripe of impropriety. Stripe isn't a moral leader in this world by any means. Plaid though? You are even worse because you act smug as an organization.

There were whistle blowers in 2018 who said Plaid did sell data and I am not sure anything came of it. Why collect more information than necessary in your screen scraping? Something is not adding up.

link