Comment by tonetegeatinst
Comment by tonetegeatinst 5 days ago
Wish their was a standard data format that all banks would use.
Comment by tonetegeatinst 5 days ago
Wish their was a standard data format that all banks would use.
Banks are much less technological than the common stereotype about them. In fact, integrating or automating a bank is one of the worst things you can do. The list of easy integration goes like this:
High-tech internet services
Stock exchanges
Websites with no API
…
Telcos
…
…
Banks
Unreachable rock bottom of insanityYou should see what the major players (especially MS) do to iCalendar. The standard has been around since at least 2009, with the last update in 2016, but none of the major players implements the standard correctly, and most utterly fail on VTODO, I suspect on purpose because to-do lists are actually useful.
I can't decide whether the failure to implement iCalendar and OFX standards properly are examples of incompetence or malice, but I suspect the latter with an eye to vendor or bank lock-in.
Working on calendar software is boring, so the big players likely give it to interns and new recruits. Office suites are so last century.
I don't think things will improve unless we find a way to shame big companies in paying attention and playing nice to each other, like it was done for HTML standards (pre-Google's monopolization).
The format exists - OFX https://en.wikipedia.org/wiki/Open_Financial_Exchange
But even banks that use it make massive mistakes and break the basic assumptions. Unique ID repeating in the same day for example. Or using the minutes in place of the month...