It's Absa vs 22seven as war of words erupts
Online personal financial management start-up 22seven on Wednesday accused Absa of blocking its US technology partner Yodlee from accessing users' Internet bank accounts. Absa confirms it has blocked the service and on Wednesday defended its decision in an interview with TechCentral.
22seven has provoked an outcry from local banks, which have warned users not to share their banking credentials with third parties.
The start-up, headed by Christo Davel, the former head of now defunct online bank 20twenty, requires users to provide their Internet banking login details so it can provide them with a detailed and graphics-rich overview of their income and expenditure and help them prioritise their personal spending.
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