I really like where this is going. It looks like a much more polished version of my own personal solution for this problem.
The one thing I really dislike is the way transactions are brought into the system. I get that it's preferable to outsource that to entities that specialize in it, like Yodlee/Plaid/whatever, but when I get to that IFRAME asking me to enter my banking credentials... sorry, I just can't bring myself to do it.
I understand banks are probably unbelievably slow to support standard authorization schemes like OAuth, but of all the credentials for me to get sloppy with, my bank credentials are pretty much at the top of "no way" list.
Any chance as an interim you could support manually importing CSV?
(And yes, beware of the non-paying "customers" that like to suggest the _one_feature_ they need...)
I hear you loud and clear. Allowing manual import of transactions via CSV is very high on our feature list! Using a service like Plaid to automatically import transactions was a great way to attract our first users and validate our product. Going forward, we definitely want to also support more ways of importing transactions.
I haven't done extensive research in this yet, so I'm happy to hear this suggestion of using more specialized formats. I'll keep those in mind when I do get to this feature. Thank you!
Great to hear. I signed up to check it out but I'm also of the view that I can't give direct access to online banking credentials to third parties (at least in the US, you're liable for wire transfers that can be initiated from those credentials). A service that distinguished itself in that way would happily have my business.
Thanks for signing up anyway! That'll put you on our mailing list, so you can receive product updates. We'll be working on more ways beyond Plaid to import transactions.
From time to time, I'm pretty happy we have a standard for bank data exchange here on the other side of the pond. (ok, it's not fun from a dev perspective, but it works - sorta)
I haven't seen my bank's original app for years now.
On that note, many banks offer these types of budget tools now. RBC and TD in Canada both have solutions (NOMI for RBC, TD MySpend for TD) that made Mint and other budgeting tools completely moot for me. The only problem is that these don’t work if you do transactions across different institutions.
The real business opportunity here is to get acquired by a bank that does not have one of these solutions.
The one thing I really dislike is the way transactions are brought into the system. I get that it's preferable to outsource that to entities that specialize in it, like Yodlee/Plaid/whatever, but when I get to that IFRAME asking me to enter my banking credentials... sorry, I just can't bring myself to do it.
I understand banks are probably unbelievably slow to support standard authorization schemes like OAuth, but of all the credentials for me to get sloppy with, my bank credentials are pretty much at the top of "no way" list.
Any chance as an interim you could support manually importing CSV?
(And yes, beware of the non-paying "customers" that like to suggest the _one_feature_ they need...)