U.S. fintech Plaid announced on Wednesday it has formed a new partnership with fellow fintech Curve. According to Plaid, the partnership was created to help give people in the UK a “holistic view” of their money, make the most of their spending, as well as improve their overall financial wellbeing.
“For the first time ever on the app, Curve customers will be able to gather all their cards, see and spend their money in the same place. Plaid’s technology will enable Curve customers to connect their payment accounts at nearly all financial institutions in the UK, in addition to the cards they’ve linked.”
Plaid further revealed that through the partnership, Curve will also provide real-time account balances for every linked credit and debit card, which will automatically be refreshed upon signing into the app. Speaking about the partnership, André Pinto, one of Curve’s Product Managers, stated:
“This is the next step in Curve’s mission to become an all-in-one platform that aggregates your finances, and gives you the power to act on this knowledge. Being a major player in the Open Banking space, Plaid gives us the firepower to develop more products and innovate in lockstep with the fast-moving habits of our customers. At the end of the day, we also liked each other as people, and ended up spending more time together online than we did with our own families.”
Plaid added that in the upcoming years it and Curve will continue to develop new tools that give more Curve customers more unique ways to manage and spend their money