Tagged: plaid

US Department of Justice Files Anti-Trust Suit Pertaining to Visa Acquisition of Plaid

In a blow to a significant Fintech, the US Department of Justice has filed suit in federal court pertaining to Visa’s (NYSE:V) pending $5.3 billion acquisition of Plaid, a top open banking platform. Last January, Visa announced its intent to purchase Plaid. At that time,… Read More

Plaid Fintech Report: It Saves Consumers Money, Helps Underserved Markets

There should not be any question that financial innovation is good for consumers, good for businesses, and good for the economy in general. Fintech is bringing a degree of financial sophistication and inclusion previously unattainable. Underserved or underbanked markets may now access services once available… Read More

Fintech Plaid CEO: There’s Been a “Meaningful Increase” in Number of Consumers Using Digital Financial Apps during COVID-19 Crisis

Zachary Perret, CEO at Plaid, a San Francisco-based Fintech firm, says that there have been significant changes in the digital financial services sector during the past 6 months. He confirms that there’s been a major shift in consumer behavior with more consumers preferring to use… Read More

Banking Challenger Branch and Fintech Plaid are Helping US Consumers Make Informed Financial Decisions with Real-Time Data Insights

Banking challenger Branch has teamed up with Fintech solution provider Plaid to offer users access to real-time data across their applications. Instead of taking several business days for financial transactions to appear on various apps, the new integration should allow service providers to send transaction… Read More

OCC to Start Processing Charter Applications from Fintechs: Report

  The Office of the Comptroller of the Currency (OCC) will start processing Fintech applications to become federally chartered firms as soon as this week, according to a report. The acting Comptroller of the Currency Brian Brooks has only been managing the regulator since May… Read More

Open Banking Style Benefits Now Available to Blockchain Platform Ontology Users, after Integration with Fintech Plaid

Ontology, a high-throughput or “high-performance” blockchain platform, has integrated its services with Fintech Plaid, which offers a data network that powers the financial technology tools used by millions of people. Following the integration, ONTO (Ontology’s native token) wallet users will be able to access Open… Read More

U.S. Fintech Qube Money Announces Integration With Plaid to Improve Customer Budgeting

Qube Money, a U.S.-based fintech, announced on Tuesday it has integrated with Plaid to help improve budgeting for its customers.  Qube Money revealed that it creates secure, real-time connectivity between someone’s money and the Qube budgeting app. “Qube’s mission is to align people’s use of… Read More

Vesta Announces Integration with Plaid to Introduced Guaranteed ACH Payments

U.S. fintech Vesta announced on Tuesday it has integrated with Plaid to launch Guaranteed ACH, which is a payment solution that enables online automated clearing house (ACH) payments, as well s reduces fraud and fees incurred from non-sufficient funds. Vesta reported that by using Guaranteed… Read More

Galileo Announces Integration With Plaid

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  U.S. fintech Galileo announced on Thursday it has integrated with Plaid for ACH transfer setup. Galileo reported with this integration, joint clients of both platforms may offer their customers an easy way to connect their bank accounts and initiate ACH transfers. “With connections to… Read More

Plaid on Open Banking: Every company is a Fintech company

Plaid is a Fintech that jumped to the top of the news cycle when Visa (NYSE: V) announced in January that it was acquiring the Fintech for $5.3 billion. Plaid’s services enable consumers the ability to share their financial information with thousands of apps and… Read More

Fintech will Drive Some of the Largest Venture Capital Exits in the Next 5 Years, Steve Sloane from Menlo Ventures Predicts

Steve Sloane, a Principal at Menlo Ventures who focuses on investing in SaaS applications, marketplaces, and robotics, points out that Fintech has dominated the news cycle during 2020. He notes that there were some large exits this year, including those involving Credit Karma, Personal Capital,… Read More

Plaid Launches Plaid Exchange to Accelerate Consumer-Permissioned Data Access Strategies for Financial Institutions

Fintech Plaid has announced the launch of “Plaid Exchange,” an open banking platform for financial institutions. The company states that the API solution for all financial institutions will help propel the industry closer to a fully digital future. Plaid says the launch comes at a… Read More

Deloitte Partners With Unqork & Plaid to Launch Small Business Lending Service For Those Affected By COVID-19

Audit, consulting, tax and advisory services  Deloitte has formed a new partnership with no-code enterprise application platform Unqork to launch a fully-managed small business lending service. According to the duo, this service will enable small business lenders to “streamline” the distribution of loans to small… Read More

Microsoft Launches “Money in Excel” Experience Powered By Plaid

U.S. fintech Plaid announced earlier this week it is now powering Microsoft’s Money in Excel experience. Plaid reported that Money in Excel features a Plaid integration and the capabilities essentially turn the spreadsheet software into a fintech app. Plaid also revealed that the new experience… Read More

Plaid Announces Support For Financial Institutions in the Netherlands & Opens Office in Amsterdam

U.S. fintech Plaid recently announced it is now offering support to financial institutions in the Netherlands as well as opening a new office in Amsterdam. The company reported that the Netherlands is a hub for fintechs in Europe and is home to more than 400… Read More

JPMorgan Chase Sends Letter to Fintech Firms Warning it will Not Allow Access to Customer Data Unless they Accept New Agreement

JPMorgan Chase, the world’s sixth-largest bank in terms of total assets, has reportedly sent a letter to several Fintech firms in which it cautioned that they will no longer be allowed to access customer data unless they accept the terms of a new data access… Read More

Visa-Plaid Acquisition: Sign of the Times

On January 13th, Visa (NYSE: V) announced it had purchased the Fintech Plaid as the old school credit card rails company seeks to boost its innovation cred. Visa paid a whopping $5.3 billion to acquire Plaid – a nice exit for early investors. Al Kelly,… Read More

Bankable Announces New Partnership With Plaid

Bankable, a UK-based banking as a service platform, announced on Wednesday it has formed a new partnership with U.S. fintech Plaid. Bankable reported that the partnership will allow its customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. “By… Read More

Plaid Has Been Acquired By Visa

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

Alchemy Technologies Partners with Plaid for Improved Lending Decisions

Alchemy Technologies, a Fintech infrastructure company providing online lending tools and platforms, has formed a partnership with Plaid – a company that creates tech to connect traditional finance with modern Fintech services. Alchemy will be providing Plaid with a service to support account and asset… Read More

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