Tagged: plaid

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

July 7, 2024 @ 3:47 am By Omar Faridi  |  

Plaid has released its State of Diversity, Equity, Inclusion, and Belonging (DEIB) report. In this year’s report, Plaid commented on the progress made from the previous year and their reflections on how their DEIB efforts have “grown at Plaid—including their focus on sustainability and creating… Read More

June 18, 2024 @ 5:28 pm By Omar Faridi  |  

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More

June 8, 2024 @ 9:20 am By Omar Faridi  |  

Jonathan Gurwitz, the Credit Lead at Plaid helping customers incorporate cash flow data to make smarter risk decisions, noted recently that Plaid is announcing its Consumer Report, a new solution that “brings businesses real-time, actionable cash flow data along with credit risk insights through Plaid… Read More

June 2, 2024 @ 2:17 pm By Omar Faridi  |  

Plaid is pleased to announce its collaboration with Western Union (NYSE: WU), a global leader in cross-border and cross-currency payments. The collaboration provides Western Union’s customers with open banking payments, giving them additional flexibility in “how to send money to their families and loved ones.”… Read More

May 29, 2024 @ 2:10 pm By Omar Faridi  |  

Capital on Tap, the small business credit card and spend management platform trusted by over 200,000 businesses, has expanded its partnership with Plaid to the United Kingdom. This builds upon Capital on Tap and Plaid’s successful partnership in the US, “which began back in January… Read More

February 11, 2024 @ 9:00 am By Omar Faridi  |  

Plaid is marking an “exciting” chapter for the Fintech firm as they recently welcomed Jen Taylor as the first President. As noted in a blog post by Plaid, Jen is considered to be an experienced product leader who joins them from Cloudflare where she “spent… Read More

January 8, 2024 @ 8:41 am By Omar Faridi  |  

Everything that Plaid is building together is part of a “bigger picture” which includes helping millions find financial freedom. As Plaid and its team prepares for 2024, they’ve taken a look back at what they consider to be the year’s biggest highlights and what they’ve… Read More

January 3, 2024 @ 11:34 am By Omar Faridi  |  

Plaid says that it has led the industry shift away from screen scraping, with the majority of their traffic now “on or committed to APIs.” Plaid are pleased to see regulators “reaffirm the industry’s adoption of this new technology.” At the same time, the open… Read More

December 30, 2023 @ 2:12 pm By Omar Faridi  |  

Over the past decade, a strong foundation of consumer financial data rights have underpinned an open finance ecosystem “that drives competition, choice, and inclusion for hundreds of millions of people today.” This, according to an extensive update from Plaid. Plaid noted in a blog post… Read More

December 19, 2023 @ 2:25 pm By Omar Faridi  |  

TD Bank Group and Plaid announced that they have entered into a North American data-access agreement that will enable TD customers in Canada and the U.S. to more securely connect to and “share financial data with Plaid’s data network of over 8,000 + apps and… Read More