Obviously. But why would banks ever do that? They see Robinhood, Lending Club, Venmo, etc as competitors. No way there going to open up API’s to them unless the government forces the banks to do it.
Not to downplay the security implications here, but Plaid has pretty much changed finance. It’s a straightforward case of trading security / privacy for functionality. Apps like Venmo, Robinhood, Wealthfront, and most every other financial startup would not exist without Plaid.
https://medium.com/@williamhockey/transitions-8e0ed5257ac2