Story perspectives

Wells Fargo, PNC Push Trustly to End Screen Scraping

11/9/2025

Summary

Story summary

Wells Fargo and PNC Financial Services Group, Inc. are pressing data aggregator Trustly to stop screen scraping and to use APIs for data access, citing customer security concerns.
Trustly has stopped using the banks' logos but still relies on screen scraping, illustrating the ongoing clash over data-access methods.
In Canada, Inverite could benefit from the government's progress toward a regulated open banking framework that promotes consumer-driven data sharing.

History

Historical Context

The Revised Payment Services Directive (PSD2), adopted by the European Parliament in 2015 and implemented in 2018, mandated banks to grant third-party access to customer data via APIs. This shift towards open banking aimed to enhance consumer protection and competition, reflecting broader trends in data ownership and security. As countries like Canada explore similar regulations, the implications for financial institutions and consumer privacy continue to evolve.

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Story summary

Wells Fargo and PNC Financial Services Group, Inc. are pressing data aggregator Trustly to stop screen scraping and to use APIs for data access, citing customer security concerns.
Trustly has stopped using the banks' logos but still relies on screen scraping, illustrating the ongoing clash over data-access methods.
In Canada, Inverite could benefit from the government's progress toward a regulated open banking framework that promotes consumer-driven data sharing.

1 / 2