Tagged: plaid

Astra Teams Up with Fintech Plaid to Enable Financial Tech Firms to Embed Automated Bank Transfers

Astra has announced a new partnership with Plaid in order to enable Fintech companies to embed automated bank transfers. The Astra team noted that they’re pleased to be working with Plaid, a data network powering the digital financial ecosystem, in order to offer an integrated… Read More

Many Americans Haven’t Recovered Yet: Financial Health Network

The Financial Health Network today released its latest Financial Health Pulse Points for the second quarter of 2021. This regular examination of consumer transactions found that despite the economy reopening post lockdowns, most household incomes remain flat, savings are stagnant, and spending declined slightly for… Read More

Commission-Free Stock Brokerage Platform Alpaca Acquires $50M via Series B

Alpaca, a commission-free stock brokerage platform that provides APIs for Fintech-related apps to connect and trade in US stocks, reveals that it has finalized a $50 million Series B “on the heels” of driving 1500% YTD growth in brokerage accounts and “expanding partnerships” across Europe,… Read More

Monzo USA Now Allowing Clients to Move Money To and From Other Accounts, Currently in Beta Testing

Monzo USA recently revealed that you can move money to and from your other accounts – a feature that’s currently in Beta testing. From August 24, 2021, digital bank Monzo clients have been able to connect their other non-Monzo accounts to their Monzo account. Clients… Read More

Fintech Plaid Announces New Funding from J.P. Morgan Private Capital Growth Equity, Amex Ventures as Part of Previous Series D

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

PeerStreet Makes Best Fintech Workplaces List

Real estate investing platform PeerStreet has another award for their trophy case. The company was named one of the 2021 Best Places to Work in Financial Technology. The honour was voted on by staff who received an anonymous survey sent directly to them by Best… Read More

Open Banking Executives Laud Inclusion of Easier Bank Switching in Biden Executive Order on Competition

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

Fintech Plaid Partners with Payments Firm Square to Help US Merchants Handle ACH Debits without Holding Sensitive Bank Details

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

Plaid Announces New API Partnership With Railsbank

  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

Paysend Partners with Plaid to Speed Up Digital Transfers

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

Various Digital Payment Experts Sat Down at UK Fintech Week 2021 to Discuss The Sector’s Recent Growth (Video)

On Wednesday, a group of digital payment experts sat down at UK Fintech Week 2021 to discuss the industry’s growth and development through the years. During the breakout session, the group explored the digital payments “boom” and took a closer look at the success stories… Read More

Keith Grose from Plaid Says UK has Taken the Lead in Fintech related Developments like Open Banking, PSD2

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

Chancellor of the Exchequer Rishi Sunak Outlines Proposals to Boost the UK’s Fintech Prominence

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

Digital Finance as the New Normal: Plaid Raises $425 Million Series D

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

Open Banking Fintech Plaid Might be Closing a Financing Round at $13 Billion, Sources Claim

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

DriveWealth Joins Forces With Plaid For API Integration

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

Plaid Introduces FinRise’s Class of 2021

  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

Digital Banking: Chime and Plaid are Leveraging ACH Payment Methods to Help Businesses Streamline Operations

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

Plaid Teams Up With API-Based Business Data Platform Codat to Improve Small Business Lending in the UK

  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

New Immigrants Arriving in the US Don’t have Established Credit Histories, Preventing them from Accessing Many Financial Services, Fintech Execs Explain

Immigrants who might not have an established credit history may be able to take advantage of advancements in Fintech that provide tools to help these people become homeowners and gain employment as well, according to industry professionals. As first report by CQ Roll Call, new… Read More

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