I've been using frollo to see all bank accounts in one place. The app in general feels way more like a tech demonstration for their APIs than actually trying to be a product itself though. Still it's nice to see that there are ways to expose the data without having to give full user/password access.
Open banking is just starting here and I’m hopeful it would be useful in the future. Ubank allows me to add other bank accounts but not see a merged transaction list or export an aggregated list. This would be quite useful for whole of account overviews.
Give it 1-2 years and it should be pretty sweet. Transaction accounts are the least important for banks. Open finance is already implemented for mortgage checking purposes by banks.
I don’t want more app and data complexity. I want my bank to automatically generate and forward a transaction history for <timeinterval> for my local use. I shouldn’t have to log in to obtain such things.
This wasn't a quick thing slapped together, a lot of thought, planning and consultation went into it. It's a really nice system, and so much better than the previous ways of aggregating financial data.
That's the nice thing about open banking is that now the banks are providing a read only API for 3rd parties that you've explicitly authorised the token for and can revoke at any time. Of course everything has potential security issues, but this is really more about privacy I think. You're sharing your financial transactions with that 3rd party. They have obligations under the open banking rules, but it's still an extra copy of your records sitting somewhere. But the upshot is potentially pretty big if you have multiple accounts, being able to see it all in one place.
It’s not quite that open sadly. To be a 3rd party, you need to be registered with the government (I forget the exact org) and comply with various rules and requirements.
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