Chase moves to Open Banking API

[Brendan Coupe]

Thanks Dawid,

I made the mistake of thinking the word Open meant Open.

At least they still provide an qfx file from the website. I suspect that 
may not last long.

**
*Brendan Coupe*
*3 at Coupe7.com*


On 10/7/22 2:20 AM, Dawid Wrobel wrote:
> On Fri, Oct 7, 2022 at 4:27 AM Brendan Coupe via KMyMoney-devel 
> <kmymoney-devel at kde.org> wrote:
>
>     My Chase credit card no longer works with Direct Connect (ofx in
>     the US).
>
>     I found the following link that explained why it stopped working
>     this week:
>
> Well, that sucks, but it's been happening for other banks since a 
> while, so we kind of had it coming...
>
>     https://www.banktivity.com/support/articles/banktivity-7/ofx-direct-connect-will-no-longer-be-supported-by-chase-as-of-october-6th-2022/
>
>     Is KMM going to support Open Banking?
>
> No. None of the apps, be it open or closed sourced, actually *support* 
> Open Banking. Any such app uses 3rd party interfaces, which are 
> authorized by the banks themselves to use their Open Banking APIs.
> Per 
> https://www.banktivity.com/support/articles/banktivity-for-mac/what-is-open-banking/: 
>
> "Yodlee in the US and Saltedge in the UK/EU, will download 
> transactions from your bank using an API (application programming 
> interface)."
>
> Applications themselves cannot be authorized — explicit business 
> entities can, only, which are issued signing certificates. Hence 
> Yodlee and Saltedge. The problem with those is that information about 
> your transactions is passed through those 3rd parties, so forget about 
> your privacy.
>
> This was previously discussed, with hypothetical solutions, see: 
> https://invent.kde.org/office/kmymoney/-/issues/21
>
> -- 
> Best Regards,
> Dawid Wrobel
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