Plaid Launches in France, Spain, and Ireland • Hacker News Board

Re: Plaid Launches in France, Spain, and Ireland

#21

Post by CamelCaseName » Thu, Nov 21, 2019, 7:10 PM UTC

toomuchtodo wrote: post #12

StavrosK wrote: post #6

I've been using Plaid for a toy project for a while, and, while it works well, what surprised me the most was their support. I had an issue with my bank not sending me SMS and their support was quick and helpful, responding to my problem with actual feedback rather than canned responses. Now that I'm saying this, I realize what a low bar our current support climate has set, but Plaid is great on that regardless.

Would you be interested in sharing your project?

My guess is that the project he's referring to is IMGZ (found via his HN profile then his twitter)

You can read more about that here: https://imgz.org/

In addition, he has a page on his site with some really cool personal projects: https://www.stavros.io/projects/

Re: Plaid Launches in France, Spain, and Ireland

#22

Post by justaguyhere » Thu, Nov 21, 2019, 7:14 PM UTC

CamelCaseName wrote: post #21

toomuchtodo wrote: post #12

Earlier quoted context omitted.

Would you be interested in sharing your project?

My guess is that the project he's referring to is IMGZ (found via his HN profile then his twitter) You can read more about that here: https://imgz.org/ In addition, he has a page on his site with some really cool personal projects: https://www.stavros.io/projects/

Why are you so angry? I'm running a fucking image sharing service. Wouldn't you be angry?

https://imgz.org/help/faq/

Re: Plaid Launches in France, Spain, and Ireland

#23

Post by StavrosK » Thu, Nov 21, 2019, 7:15 PM UTC

CamelCaseName wrote: post #21

toomuchtodo wrote: post #12

Earlier quoted context omitted.

Would you be interested in sharing your project?

My guess is that the project he's referring to is IMGZ (found via his HN profile then his twitter) You can read more about that here: https://imgz.org/ In addition, he has a page on his site with some really cool personal projects: https://www.stavros.io/projects/

Haha, no, it's not that. I just used Plaid to get my own balances so I can track my finances, it was nothing exciting.

Re: Plaid Launches in France, Spain, and Ireland

#24

Post by StavrosK » Thu, Nov 21, 2019, 7:16 PM UTC

toomuchtodo wrote: post #12

StavrosK wrote: post #6

I've been using Plaid for a toy project for a while, and, while it works well, what surprised me the most was their support. I had an issue with my bank not sending me SMS and their support was quick and helpful, responding to my problem with actual feedback rather than canned responses. Now that I'm saying this, I realize what a low bar our current support climate has set, but Plaid is great on that regardless.

Would you be interested in sharing your project?

It's really nothing much, I just get my account balance from my bank to track my finances. I basically used their quickstart example, nothing much more.

Re: Plaid Launches in France, Spain, and Ireland

#25

Post by jbarberu » Thu, Nov 21, 2019, 7:34 PM UTC

mediumdeviation wrote: post #19

maerF0x0 wrote: post #2

Wow, congratulations to the team! Amazing to break through regulatory barriers and make new things possible.

Isn't this the same company that phishes its users by asking them for their banking login and 2FA information directly in third party apps? I'm not sure if this is the sort of regulatory barrier breaking worth celebrating.

I came across Plaid for the first time today and when trying to make a transfer through Transferwise. When asked for my bank username and password at a website !my_bank I was like hell nope. Ended up having to use a credit card instead which had the highest fee... :( I hope this kind of garbage disappears.

Re: Plaid Launches in France, Spain, and Ireland

#26

Post by roberson87 » Thu, Nov 21, 2019, 7:42 PM UTC

jbarberu wrote: post #25

mediumdeviation wrote: post #19

Earlier quoted context omitted.

Isn't this the same company that phishes its users by asking them for their banking login and 2FA information directly in third party apps? I'm not sure if this is the sort of regulatory barrier breaking worth celebrating.

I came across Plaid for the first time today and when trying to make a transfer through Transferwise. When asked for my bank username and password at a website !my_bank I was like hell nope. Ended up having to use a credit card instead which had the highest fee... :( I hope this kind of garbage disappears.

I would rather have entered my logins and then changed the password if I was that concerned about entering my bank logins rather than pay those credit card fees. Or change the password first, login, and change back to your old password.

Re: Plaid Launches in France, Spain, and Ireland

#27

Post by ignoramous » Thu, Nov 21, 2019, 7:48 PM UTC

Can someone pls ELI5 how Plaid, Yodlee, AuthLayer are valid businesses and not hit with regulatory hurdles? They seem to be scraping bank websites behind the scenes. Whilst I have no idea abt the US/EU market, I know for a fact that most banks do charge exorbitant fees to access accounts over APIs (esp if you're a BigCo and need that kind of control). Surely, the banks can't be happy abt that? Surprising they haven't lobbied yet against this or aren't stampeding all over Plaid et al with lawsuits?

Re: Plaid Launches in France, Spain, and Ireland

#28

Post by ejwocjfbw » Thu, Nov 21, 2019, 8:00 PM UTC

ignoramous wrote: post #27

Can someone pls ELI5 how Plaid, Yodlee, AuthLayer are valid businesses and not hit with regulatory hurdles? They seem to be scraping bank websites behind the scenes. Whilst I have no idea abt the US/EU market, I know for a fact that most banks do charge exorbitant fees to access accounts over APIs (esp if you're a BigCo and need that kind of control). Surely, the banks can't be happy abt that? Surprising they haven't…

Fairly certain they’re paying for the APIs. I used to work at Visa and a lot of fintech startups paid for our APIs (for data, not transactions), so I imagine they would pay the banks too.

Re: Plaid Launches in France, Spain, and Ireland

#29

Post by llsf » Thu, Nov 21, 2019, 8:06 PM UTC

Does anyone know if European SEPA actually overlap with Plaid here ? Was SEPA supposed to "commoditize" the whole "grant access to my bank account to 3rdparty" ?

Re: Plaid Launches in France, Spain, and Ireland

#30

Post by namdnay » Thu, Nov 21, 2019, 8:08 PM UTC

llsf wrote: post #29

Does anyone know if European SEPA actually overlap with Plaid here ? Was SEPA supposed to "commoditize" the whole "grant access to my bank account to 3rdparty" ?

SEPA mainly covers operations, such as inter-bank transfers, I don’t think it is linked to PSD2