Chase just ships broken APIs. I work with Chase APIs every day through Plaid and Akoya. There are a whole list of ongoing known issues, from duplicates, to missing transactions. JPMorgan doesn’t know how to or doesn’t want to ship a proper API.
It is not difficult at all to serve 2 billion requests a month for transaction data. A single server could handle that.
Why go public with this? If anything, this is a contractual issue between JPMorgan and the API user. API usage terms should have been spelled out in contracts.
salawat · 17h ago
Because there is value in ensuring the public knows their use of Plaid is adversely effecting the banking system. Plaid in it's original incarnation was a straight up ToS violation for most financial firms, as they used privileged credentials to scrape the User's transaction history far in excess of what would be expected or reasonable.
synack · 16h ago
Maybe they should design an API that doesn't require constant polling for updates? Pubsub isn't exactly new technology.
It is not difficult at all to serve 2 billion requests a month for transaction data. A single server could handle that.
This is obviously a PR play to cut out middlemen. Related accusation: https://www.thestreet.com/crypto/policy/exclusive-jpmorgan-h...