Archives

May 21, 2021 @ 8:02 pm By Omar Faridi  |  

For many digital commerce platforms, ACH payments debited directly from customer bank accounts offer a more affordable and accessible alternative to traditional credit cards. Although cards may expire and can also go missing, account and routing numbers for ACH payments tend to be more permanent,… Read More

May 6, 2021 @ 10:03 pm By Samantha Hurst  |  

  U.S. fintech Plaid announced on Thursday it has joined forces with Railsbank. Plaid reported that through the new partnership, Railsbank customers in the UK will have access to Plaid’s Payment Initiation API to accept instant bank payments directly within their app or website. Plaid… Read More

April 27, 2021 @ 10:38 am By JD Alois  |  

Payments Fintech Paysend has partnered with open banking platform Plaid to speed up bank authentication and money transfer process for international money transfer customers. Paysend’s money transfer service allows users to pay and send using bank or card details. About 90% of transfers arrive in… Read More

April 22, 2021 @ 7:56 am By Omar Faridi  |  

While attending a recently-held panel session for this year’s UK Fintech Week , moderator Kristy Duncan, CEO at Women in Payments, acknowledged that the United Kingdom and the European Union could potentially benefit from an updated regulatory framework that supports innovative projects and competition. As… Read More

April 19, 2021 @ 10:11 am By JD Alois  |  

As UK Fintech week kicks off today, Rishi Sunak, Chancellor of the Exchequer addressed members of the industry outlining proposals designed to “enhance the UK’s competitive advantage in Fintech.”  This includes regulatory support and reforms to help Fintech firms grow. The Chancellor also commented on… Read More

April 7, 2021 @ 8:14 am By JD Alois  |  

Plaid has announced a significant funding round raising $425 million in a Series D round. It has been rumored for some time that Plaid, a leader in the open banking sector, was raising new capital. New investors Altimeter Capital, Silver Lake, and Ribbit Capital joined… Read More

April 6, 2021 @ 10:47 pm By Omar Faridi  |  

Open Banking Fintech Plaid is reportedly in the process of closing financing at around a $13 billion valuation. Plaid’s investment round will be led by Altimeter Capital, according to Bloomberg which cited “people” familiar with the matter. Many of the Fintech firm’s current investors will… Read More

March 30, 2021 @ 3:48 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Tuesday it has joined forces with Plaid to enable mutual customers to simplify online investment account funding through one API integration. DriveWealth reported that mutual customers may authenticate their end users’ bank accounts through Plaid and receive tokens, which then… Read More

March 24, 2021 @ 1:53 pm By Samantha Hurst  |  

  Plaid announced on Wednesday the inaugural cohort of five early-stage fintech startups for FinRise, which is Plaid’s incubator program to empower early-stage entrepreneurs that are Black, Indigenous or People of Color.  As previously reported, FinRise is a nine-month program designed to support early-stage founders… Read More

March 19, 2021 @ 7:53 am By Omar Faridi  |  

Digital bank Chime notes that if you’ve ever tried to schedule an automatic bill payment from your bank account or received a direct deposit, then you may appreciate how convenient these transactions might be. We may be able to avoid many late fees if we… Read More

March 12, 2021 @ 7:38 am By Samantha Hurst  |  

  Plaid announced on Thursday it has joined forces with Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, to improve small business lending in the UK. Plaid revealed that through the partnership, it… Read More

March 5, 2021 @ 9:30 am By JD Alois  |  

Plaid, a top open banking Fintech, has revealed a new service labeled “Income.” The service enables immediate income verification for firms using the application thus reducing the time to completion in situations that require the ability to confirm how much income an individual makes. Examples… Read More

February 16, 2021 @ 8:19 am By Samantha Hurst  |  

    Atom Bank, a UK-based mobile bank, announced on Tuesday it has joined forces with UK fintech Plaid  to roll out open banking services to its customers, beginning with offering small business owners a new loan application journey and speedier decisions. “Initially Plaid will… Read More

January 31, 2021 @ 3:44 pm By Omar Faridi  |  

Ashley Cornall, Product Manager at Fintech firm Plaid, notes that more financial platforms and services now exist than ever before to assist users with taking control of their financial wellbeing. But it might still be quite challenging for consumers to direct where their payroll funds… Read More

January 21, 2021 @ 4:09 pm By Samantha Hurst  |  

  Plaid announced on Thursday it has launched FinRise, an incubator program to empower early-stage entrepreneurs that are Black, Indigenous, or People of Color. “During an internal hackathon, Plaiderdays, last summer, inspired by the Black Lives Matter movement, a group of us got together to… Read More

January 20, 2021 @ 8:46 pm By Omar Faridi  |  

Fintech firm Plaid is reportedly planning to more than double its Europe-based workforce in 2021, despite having to back out of a potential deal to be acquired by payments giant Visa (due to US antitrust issues). The financial technology firm appears to be taking the… Read More

January 15, 2021 @ 6:30 pm By Omar Faridi  |  

Alchemy Technologies, an established Fintech infrastructure development firm headquartered in Utah, has teamed up with financial technology firm Plaid, which provides a data network that powers the software tools that millions of consumers are using to “improve their financial lives.” Alchemy is notably one of… Read More

January 13, 2021 @ 12:27 pm By JD Alois  |  

The US Department of  Justice has announced that Visa’s acquisition of Plaid, an open banking Fintech, has been called off. The decision to abandon the $5.3 billion acquisition was due to a civil antitrust lawsuit filed on Nov. 5, 2020, to stop the merger. The DOJ… Read More

December 28, 2020 @ 10:25 pm By Omar Faridi  |  

Pritee Tembhekar and Joe Christiani from Fintech firm Plaid have noted that the intersection between financial services and technology may be “complex and difficult to navigate.” Before Plaid developed its first API, the company’s founders were just software developers attempting to create a Fintech app,… Read More

December 16, 2020 @ 10:53 am By Samantha Hurst  |  

  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… Read More