There is no doubt that screen scraping played a pivotal role in early fintech innovations; it made account aggregation, personal finance and investment management apps and effective loan comparison services possible. But while these apps gained popularity and served as early pioneers in the fintech space, screen scraping can be problematic.
Meanwhile, the industry is shifting toward more secure, standardized methods like open banking APIs to access financial data. Here’s how banks can seize the opportunity and take their place in this new ecosystem.
