Startup Idea: Startup Idea for Streamlined Bank Statement Importing into Personal Finance Software

Startup idea to develop an application, optimising the laborious process of importing bank statements into personal finance software. The intended software would automatically convert bank's e-statements into compatible formats for financial management softwares like MoneyWell, iBank, or Mint, bypassing the current need for manual data entry or data structure manipulation.

Easily import bank balances into finance software

You need to reconcile your bank and credit card balances with your personal finance software like MoneyWell, iBank, or Mint. But your bank doesn't support Direct Connect, OFX (Open Financial Exchange), or even doesn't provides QIF (Quicken Interchange Format) for your transaction history. Thus you need to massage their CSV output (which are often not in the format that your software expects) or worse, key in your transactions one-by one. What adds pain to the wound is that you need to do this every month when you reconcile your accounts.

WOuldn't it be great if there is an application that helps you import your banks' statements through their e-banking websites into the formats that your software expects? Even when your bank's aren't even aware what OFX or Direct Connect means?.