The Machine That Reads Your Bank Account

A quiet piece of financial infrastructure decides whether an app can see your other bank accounts, and whether a brokerage can move your money in without you retyping every number off a paper statement. Founded in 1999 to fix a fragile hack called screen scraping, bought by Envestnet for roughly $660 million in 2015, and sold off again in 2025: the history, the technology, and why it makes transfer paperwork easier.

Explainer July 4, 2026  ·  5 min listen