For those interested: In Europe, banks are forced to provide fintech companies access to customer data when the user consents to this under its "open banking" initiative

https://www.cnbc.com/2017/12/25/psd2-europes-banks-brace-for...

Personally speaking, i have a problem with companies like Plaid and SOFORT (EU), where they kind-of hide the fact that you provide them with your login credentials (and not the bank). From what I understand from this thread, Plaid may be selling your data and gives developers full access to the customer's transaction history. This is worrying