[junon]

Most banks don't have an API, and statements are (often) lagged, sometimes even by a week or a month depending on how archaic the systems are.

[jellyfishbeaver]

The Canadian government has apparently introduced a framework for sharing your banking data securely with third parties (budgeting apps, financial products) in an effort to eliminate this shady screen scraping and credential sharing that a lot of these kind of apps do. Hoping they actually follow through...

https://www.canada.ca/en/financial-consumer-agency/services/...

[satvikpendem]

Lots of providers exist for bank information, Plaid is one of them. That's what many of these auto import personal finance softwares use.

[junon]

Having used Plaid, it is essentially web scraping as a service. It's an API built on top of very questionable access. It itself is not a formal API provided to you by the bank.

[satvikpendem]

Yes it is (I never said it wasn't), but it works. They are working with banks to modernize their APIs as well.