For years, client data stored in banks was inaccessible to third parties. But with the help of technology (like “screen scraping” and “banking API”), the information that used to be proprietary is now available if the account owner gives their consent. In the U.S., there are no official legal bans on these types of technologies.... Read more
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from Small Business Blog https://www.kabbage.com/blog/banks-vs-third-parties-europe-unleases-client-banking-data