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'Scrapegators' Pulling Data, Consumers From Banking Sites

Eight percent of internet banking logins are scraping sessions.

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Scratching below the surface of “Scrapegators,” aka aggregators, who scrape internet banking to feed other fintech applications. Consequently, customers use these third-party financial apps instead of credit union or bank sites.

That is an important revelation cited by Austin, Texas-based Malauzai Software, a provider of mobile and internet solutions for community financial institutions, in its January 2018 Monkey Insights. The research highlights key trends in internet and mobile banking usage based on January’s data for 400-plus credit unions and banks covering almost 17 million logins from 895,000 active internet and mobile banking users.

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