The Plaid/Account Aggregator Problem
Many apps boast "auto-sync" features that require you to log in to your bank through their interface. While technologies like Plaid (US) or Account Aggregators (India) are improving, the fundamental risk remains: you are giving a startup persistent read access to your entire financial history.
Data Breaches Happen
If that app suffers a data breach, your transaction history, account balances, and spending habits are exposed. In some cases, poorly implemented scrapers actually store your raw bank credentials.
The Secure Alternative
At MapMyWealth, we believe the slight friction of manual entry is worth the massive leap in security. Enter your holdings once, and our market-data engines will keep the prices updated automatically. You get 95% of the convenience with 0% of the bank-level security risk.