Oaken - is Flinks to be trusted?? | Page 2 | Oaken Financial | Discussion forum

Their Help Centre says you may link as many external accounts as you like:

Link to an external account

Can I link more than one external account to my Oaken Digital profile?

Yes, you can link as many external accounts as you like providing the external account is an eligible account.

I'm one who has expressed concern. To my knowledge (and aided by Mr. Google), no security breaches have been publicly reported.

Plaid did settle a class action lawsuit in the US for violating users' privacy by scraping and selling their data. Not exactly confidence building behaviour.

Flinks/Plaid/Zum etc etc and such third party API solutions are all essentially hacks themselves.

And just because there haven't been any reports of breahes, does not mean breaches are the only concern. The very access they get are shadowy, and we do not know what are they able to scrape, to what extent, once they are granted an API handshake with our data.

I have not, and would not, use any of these. Until we have Open Banking working in Canada, these are all risk prone workarounds at best, in the hands of probably & largely unregulated fintechs. In my other posts, here I think, I've raised concerns too.

From FCAC

One of the most common methods fintech apps use to access financial data is called screen scraping.

Screen scraping is different from open banking because you have to share your online banking username and password. This is a problem because sharing your username and password could break your electronic access agreement with your bank and put you at risk.

Fintech apps that use screen scraping might allow you to access similar products and services as those available with open banking. However, they present security, liability, and privacy risks for you.