Interesting, don't know much about the spousal rights thing as never been married but felt like they are asking too much info. I figured it's to try and collect if you don't pay since also employment info was a question.
I know I heard in Europe there's some law called PSD2 that banks would provide standard APIs too, but haven't been following that space since not in Europe. I know there's budgeting and other apps but they login to your bank account and scrape the data. I was using a app that categorize your spending for a little while but got sick of it making me relog my accounts over and over. I think one of my credit cards was thinking their servers were trying to hack my account. So a actual official API sounds like the move in the right direction.
It basically means things like YANB (budgeting tool) or freeagent ( accountancy tool for small business) can get access to data you want them to, without you giving them your credentials.
Historically, most banks offered all or nothing access, and the aggregators would screen scrap using credentials that can steal all your money, and the links usually broke, or needed you to contioniously re-auth.
Its actually working. Modern banking apps will likely start to pull in all your financial services in the future.
I know I heard in Europe there's some law called PSD2 that banks would provide standard APIs too, but haven't been following that space since not in Europe. I know there's budgeting and other apps but they login to your bank account and scrape the data. I was using a app that categorize your spending for a little while but got sick of it making me relog my accounts over and over. I think one of my credit cards was thinking their servers were trying to hack my account. So a actual official API sounds like the move in the right direction.