Archives

May 12, 2022 @ 5:04 pm By Omar Faridi  |  

Current, a U.S. financial technology platform serving Americans working to “create a better future” for themselves, recently announced the launch of its platform API, “built to facilitate seamless integrations and embedded banking experiences.” Plaid, the API-first data network powering the digital financial ecosystem, is reportedly… Read More

May 7, 2022 @ 5:21 pm By JD Alois  |  

This past week, Stripe announced an open banking (or open finance) initiative with Stripe Financial Connections. Stripe laid out its plans explaining they were “enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes.” This is… Read More

April 30, 2022 @ 5:25 pm By Omar Faridi  |  

Plaid, an international open finance data network and payments platform, is announcing an expansion of its Payment Partner Ecosystem in order to include three European partnerships – Primer, UniPaas and NoFrixion. As a result, more vendors and merchants can “leverage open banking in order to… Read More

April 24, 2022 @ 5:43 pm By Omar Faridi  |  

Skyflow recently announced a partnership with Plaid, a data network that powers the tools millions of people “rely on to live healthier financial lives.” The partnership will make it easier for developers “to build applications with data privacy infrastructure via a simple API.” This brings… Read More

April 13, 2022 @ 6:44 am By Omar Faridi  |  

Plaid, the Open Finance data network and payments platform, has appointed Ripsy Bandourian as its first Head of Europe as it “continues to rapidly expand across the continent.” Based in Amsterdam, Ripsy will lead the business strategy and operations “for Plaid’s Europe arm as it… Read More

March 25, 2022 @ 9:47 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has issued a statement outlining its recommendations regarding the pursuit of Open Banking. The statement follows a consultation that was initiated in the spring of 2021. The CMA said its recommendations will guide a future entity that… Read More

March 16, 2022 @ 10:45 am By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT) recently announced that it is teaming up with Plaid, the data network supporting the digital financial ecosystem, in order to bring “secure open finance solutions to GO2bank customers.” Introduced last year, GO2bank is Green Dot’s “flagship” digital bank designed to… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

February 15, 2022 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) and Plaid have formed a partnership, according to a corporate statement. Marqueta will be leveraging Plaids’ bank account information to streamline the ACH process. Marqeta is the biggest name in modern card issuance and management and Plaid is a leader in the… Read More

January 20, 2022 @ 9:04 am By JD Alois  |  

Plaid has acquired Cognito, a firm that provides ID verification including anti-money laundering (AML) and know your customer (KYC) services. Plaid has emerged as a key open banking platform connecting top Fintech and traditional financial services firms around the world. Plaid said that Cognito was… Read More

December 17, 2021 @ 10:40 am By JD Alois  |  

Plaid, a leading open banking platform, has published a blog post that reflects on 2021 while providing some insight into their expectation for 2022. Authored by Keith Grose, GM of International at Plaid in London, explained that Fintech’s disruptive capacity is far beyond financial services…. Read More

December 10, 2021 @ 7:49 am By Omar Faridi  |  

Fintech Plaid has been established on the principle that consumers need to be in control over where and how they share their financial details. Core or central to this principle is the customer’s ability to share their data in a secure manner and with the… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 8, 2021 @ 6:52 am By Omar Faridi  |  

When Fintech Plaid first started offering services, they had been mainly focused on connecting with traditional institutions in the jurisdictions they had established businesses. These strategic connections enabled consumers to easily find and link their institution to the Fintech apps and services they required, the… Read More

October 28, 2021 @ 10:02 am By JD Alois  |  

PensionBee, a Fintech offering pension services, has integrated Plaid – a leading open banking provider. According to PensionBee, the partnership will expand the remit of Open Banking to include pensions, transforming the traditionally complex process. PensionBee previously offered open APIs but this will be an… Read More

October 20, 2021 @ 9:00 am By JD Alois  |  

Plaid, a top open banking platform, and Currencycloud, a multi-currency transfers Fintech, have agreed to a strategic partnership, according to a release. The collaboration between the two firms is expected to deliver new joint solutions to make it easier for firms in the UK, including… Read More

October 18, 2021 @ 2:40 pm By Omar Faridi  |  

Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech’s Mass Adoption Moment. The report noted that as Fintech adoption approaches “parity” with traditional banking (95% of consumers are banked), it’s also become the main way that most consumers manage their… Read More

September 23, 2021 @ 3:14 pm By Tony Zerucha  |  

Fintech firm Circle, a company providing payments and financial infrastructure for internet businesses, has integrated with Plaid, a data network powering the digital financial ecosystem. The integration simplifies the process of connecting bank accounts and accepting ACH payments because Plaid enables quicker account verification, the… Read More

August 18, 2021 @ 7:17 am By Omar Faridi  |  

Fintech Plaid has announced new funding from J.P. Morgan Private Capital Growth Equity and Amex Ventures. As mentioned in a note shared with CI, Plaid acquired additional capital from J.P. Morgan Private Capital Growth Equity Partners and existing investor Amex Ventures. The investments are part… Read More

July 9, 2021 @ 2:38 pm By JD Alois  |  

Earlier today, President Joe Biden signed the Executive Order that included a litany of policy objectives that are ostensibly designed to improve competition. While some aspects may fall short, one area that may please Open Banking (or Open Finance) advocates is the inclusion of easier… Read More