Tagged: plaid

June 17, 2025 @ 11:59 am By Omar Faridi  |  

Plaid, a fintech platform that connects financial institutions with innovative apps, has recently unveiled a series of updates designed to enhance payment efficiency, bolster security, and accelerate development for businesses and developers. These advancements—Instant Pay-Ins, Plaid Protect, and the AI Development Toolkit—demonstrate Plaid’s commitment to… Read More

May 14, 2025 @ 11:17 pm By Omar Faridi  |  

Fintech infrastructure provider Plaid continues to focus on financial technology solution with its latest updates announced in May 2025. From product enhancements to supporting of AI-driven engineering and a key update about its professional team, Plaid is committed to its mission to democratize financial services…. Read More

April 26, 2025 @ 3:20 am By Omar Faridi  |  

In an era where financial connectivity is becoming increasingly important, Plaid is positioning itself as a key player in delivering more reliable, scalable solutions for Open Finance. Through technical innovation, automation, and partnerships, Plaid is  addressing today’s integration challenges and is also focused on laying… Read More

April 18, 2025 @ 6:31 pm By Omar Faridi  |  

MoneyGram, a global payments network for consumers, businesses and communities, announced a new partnership with Plaid, the data network powering the fintech tools people rely on to lead a healthier financial life. MoneyGram customers in the United States can now use Plaid’s technology to help… Read More

April 13, 2025 @ 3:01 pm By Omar Faridi  |  

Digital assets firm Gemini recently announced that users in the EU can use Plaid to deposit EUR and GBP into their wallets from their bank accounts – which is described as a “significant enhancement” that will allow users in the region to fund their accounts… Read More

April 3, 2025 @ 8:02 am By Omar Faridi  |  

Plaid, the San Francisco-based fintech infrastructure company, announced a significant milestone: a $575 million funding round that values the firm at $6.1 billion. This round, led by Franklin Templeton and joined by Fidelity, BlackRock, NEA, and Ribbit Capital, marks a pivotal moment for Plaid as… Read More

March 12, 2025 @ 1:16 pm By Omar Faridi  |  

Dwolla, a US-based A2A payment solution, has recently announced the general availability of its expanded integration with Plaid, a data network powering the digital financial ecosystem. Dwolla‘s clients are now reportedly able to leverage Plaid’s instant account verification and real-time balance check alongside “pay-by-bank payments… Read More

February 11, 2025 @ 7:53 am By Omar Faridi  |  

Plaid, a company specializing in connecting bank accounts to financial applications, is reportedly working with Goldman Sachs (NYSE: GS) on a tender offer. This deal aims to enable early-stage investors and employees to sell existing shares, potentially raising between $300 million and $400 million, according… Read More

February 5, 2025 @ 9:10 pm By Omar Faridi  |  

Algebrik AI, a cloud-native, AI-powered loan origination platform, has announced a partnership with Plaid, a data network powering the digital financial ecosystem. This collaboration aims to transform the loan origination process for credit unions and financial institutions by integrating Plaid’s consumer-permissioned data with Algebrik’s platform…. Read More

January 13, 2025 @ 11:55 am By Omar Faridi  |  

Fintech Plaid has reportedly selected Triangle for its next office, along with plans to hire more staff in 2025. Plaid CEO and cofounder Zach Perret, said that you may think of the company as the “plumbing that connects banks to the app and the app… Read More

December 29, 2024 @ 9:35 pm By Omar Faridi  |  

Staying secure means staying ahead of what’s coming, according to Fintech Plaid. At Plaid, they reportedly run hundreds of services across tens of thousands of pods on dozens of Kubernetes clusters hosted in AWS. Shuaiwei Cui and Anirudh (Ani) Veeraragavan noted that their teams ship… Read More

December 18, 2024 @ 12:17 pm By Omar Faridi  |  

Plaid has looked into how financial institutions are thinking about open banking and has shared insightful survey results. In today’s digital world, consumers demand real-time financial services – from mobile banking apps to digital wallets and investment platforms. The adoption of digital tools is no… Read More

December 7, 2024 @ 2:22 pm By Omar Faridi  |  

At Plaid, they’re seeing a renewed interest in businesses expanding into Europe from the United States and from the US into Europe, as “demand for online finance continues to grow.” Nearly nine in ten consumers use fintech tools, according to Plaid’s The Fintech Effect report,… Read More

October 21, 2024 @ 8:54 am By Tony Zerucha  |  

AI accounting automation platform Numeric has raised a $28 million Series A round. It was led by Menlo Ventures, with participation from new investors IVP and Socii Capital, and existing investors Founders Fund, 8VC, Long Journey, Access Industries, Friends & Family Capital, and others. This investment will accelerate engineering hiring and product development. In the past year,… Read More

October 20, 2024 @ 12:49 pm By Omar Faridi  |  

Fintech firm Plaid explained that funding a new financial account should be a frictionless process, where account information is verified “instantly” and transfers are initiated quickly. Financial infrastructure Fintech company Plaid also noted that moving cash balances may be fairly straightforward, transferring investment holdings to… Read More

October 16, 2024 @ 9:28 pm By Omar Faridi  |  

Fintech firm Plaid has recently launched its Gateway Partner Program in order to drive open banking compliance. Plaid’s blog post noted that the financial services industry is preparing for the release of the final Section 1033 rule mandating that financial institutions provide consumers with “secure… Read More

October 13, 2024 @ 12:07 pm By Omar Faridi  |  

Credit insights from Fintech firm Plaid are looking at what’s currently driving growth and how firms are managing risk. In its latest Consumer Report, John He & Nikolai Oudalov noted in a blog from Plaid that the financial infrastructure Fintech has helped lenders, from enterprises to… Read More

October 7, 2024 @ 9:38 am By JD Alois  |  

Plaid,  a prominent open banking enabler, is now working with neobank MoneyLion to streamline the loan-making process. In a blog post, Alain Meier, Head of Identity at Plaid, said that for decades, lenders have relied on credit reports, but the lack of real-time information failed to… Read More

September 16, 2024 @ 6:13 am By Omar Faridi  |  

Plaid partners with financial institutions to simplify the transition to open banking by providing secure, scalable API solutions that enable seamless data sharing. By collaborating closely with financial institutions, Plaid aims to help “ensure compliance with regulatory standards and modernization of infrastructure for data connectivity.”… Read More

August 11, 2024 @ 2:55 pm By Omar Faridi  |  

Plaid is pleased to announce the inclusion of data breach reports into Plaid Beacon, which is their anti-fraud consortium, in order to “help organizations of all sizes better protect themselves and their users from fraud and abuse.” As noted in a blog post by Plaid,… Read More