to a distant observer, you look similar, but i'm sure there are real differences between you, so I'd love something like a "top 3 things to note" about Increase vs Column, in a least-getting-you-in-trouble way as possible - its hard to compare because i dont know what I don't know.
I think there are many engineers who are frustrated knowing the data and capabilities that exist in banking that aren't exposed programmatically.
There are at least four (and I'm undoubtedly missing many!) interesting companies aiming to combine technology and a bank charter:
- Luna[0].
- M1 Finance[1].
- Column[2].
- Increase[3].
Building a bank involves reading, understanding, and respecting regulation. It invovles integrating with large financial networks. It involves rallying a team for a years-long adventure. Each of these is early days and it'll be a few years before any of us understands how this super large and important problem will be solved.
0. https://www.americanbanker.com/news/former-square-exec-leads...
Column is an actual bank, and offers exhaustive developer-first APIs. I suspect you can do a lot of things with them you cannot do with Plaid, and at highly reduced cost comparatively. Increase doesn't seem to be a bank but is a much lower-level API than Plaid and allows things like opening accounts, FWICT.
BTW, bunq (https://www.bunq.com/) is a cool nl-based bank which offers an incredibly in-depth API. But I would not call it dev-centric, the DX is awful.