Banking as a platform: coming soon with BankSimple

New website, recruitments, preview of Ipad app: BankSimple is on a roll recently; but for me the most important piece of news was the announcement of the BankSimple API.

We’ll be launching an API for use by third-party developers in conjunction with the release of our initial user-facing web and mobile products. We intend the API to support everything that users can do with BankSimple, including retrieving transaction information, transferring funds, and more.

And perhaps even more important, from Joshua Reich on the BankSimple API Google group:

We’ve spent the last year thinking about these issues, but we’d love to hear
your input. Our business model isn’t pageview driven. We want our customers
to own their own data and use it in ways we could never imagine. We want to
support a rich ecosystem of 3rd party applications that make banking better,
while respecting the privacy of our customers.

Now, if you look at your current banking experience, what can you do with your financial data? At best, you can access it from another service (say Mint) which will reformat it to make it more useful for you. THAT’S IT… (if you know of other uses cases, please put them in comment)

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