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Plaid is a fintech platform that enables secure data connectivity between financial institutions and applications. It provides APIs that allow businesses to access banking data, verify identities, and facilitate transactions. Companies use Plaid to integrate with thousands of banks for account verification, credit scoring, and fraud detection. It supports financial applications like budgeting, lending, and payment processing. Plaid�s real-time data retrieval improves user experience in fintech services. The platform enhances security through multi-factor authentication and encryption. Businesses leverage Plaid to streamline onboarding processes and improve financial decision-making. Its developer-friendly API simplifies fintech app development. Plaid�s open banking solutions enable seamless data sharing while maintaining regulatory compliance.
Plaid is a fintech platform that enables applications to connect with users' bank accounts, retrieve financial data, and initiate secure payments. Developers, banks, and fintech companies use Plaid for account verification, budgeting tools, and payment initiation via APIs.
Plaid enables secure, reliable access to financial data, powering use cases from PFM tools to neobank payments and lending applications.
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Pricing Model:
Usage-based API pricing, enterprise contracts available.
Account Aggregation, Auth, Identity Verification, Transactions, Investments, Liabilities, Assets, Payment Initiation
A budgeting app uses Plaid to securely connect users' bank accounts and retrieve real-time balances and transaction history.
Extensive bank coverage, Developer-friendly APIs, Fast data refresh, High uptime, Strong privacy policies
US-centric coverage, Occasional connection drops, Requires legal/tech review for integration, Expensive at scale
SOC 2 Type II, ISO 27001, GDPR, Open Banking, Data Encryption, Secure Tokenization, MFA Support
Plaid is used by Venmo, Robinhood, and Coinbase. Featured in TechCrunch, Forbes Fintech 50, and open banking discussions globally.
Yodlee, MX, Finicity, TrueLayer, Teller
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Yes, Plaid supports Open Banking protocols in the UK and Europe, with APIs aligned to PSD2 standards.
Plaid operates in the US, Canada, UK, and select EU countries. Coverage is expanding globally.
Plaid uses a pay-per-use pricing model based on API endpoints like Auth, Transactions, and Identity.