News Topic: Plaid Technologies

Now that the data aggregator is no longer joining forces with the card network, it’s on to plan B, which includes developing better relationships with banks. ... Read full article

The Pittsburgh bank says the data aggregator deceptively uses PNC's logo in obtaining bank customers' login credentials. ... Read full article

Plaid said it has been in discussions with TD Bank over allegations of trademark infringement and false advertising and was caught off-guard by the lawsuit the bank filed Wednesday. ... Read full article

In a lawsuit filed Wednesday, the U.S. subsidiary of Toronto-Dominion Bank accused the data aggregator Plaid of improperly using the bank’s name, trademarks and logos when it gathers TD customers' data. ... Read full article

A survey conducted by Harris Poll and commissioned by Plaid found that 60% of U.S. adults are using more apps to manage money since the onset of the pandemic. ... Read full article

Banks that work with the data aggregator will tell it when account updates are ready, so it can refresh fintech (or bank) apps immediately. ... Read full article

Meredith Fuchs, formerly the top lawyer at the Consumer Financial Protection Bureau, says data aggregators like Plaid "have matured." She will help the company prepare for new data-sharing rules and its pending sale to Visa. ... Read full article

A class action asserts that the data aggregator accesses more of consumers' bank account information than it needs and ultimately aims to sell the data to others. Plaid, which has agreed to be sold to Visa, denies the allegations. ... Read full article

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier. ... Read full article

The company's new service is intended to help small banks share account data while avoiding screen scraping. ... Read full article

The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts. ... Read full article

The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking. ... Read full article

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories. ... Read full article

Visa's deal to acquire the data aggregator Plaid is likely to have ripple effects throughout the industry, including less fintech-tech tension over sharing data. ... Read full article

Bank beats estimates as earning soar 21%; a cyberattack on the American banking system could create havoc on financial stability. ... Read full article

In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor. ... Read full article

PNC, Plaid and Venmo have been blamestorming over customer data-sharing issues of access, security and consent. ... Read full article

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator. ... Read full article