Plaid Technologies

Consumers are relying more on finance apps, survey finds


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.


Plaid launches real-time updates on account activity


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


CFPB veteran Fuchs takes on new legal challenges at Plaid


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.


Lawsuit against Plaid heightens focus on data privacy issues


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.


What happens if Mastercard and Visa gobble up all the data aggregators?


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.


Plaid launches exchange to help banks share data with fintechs


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


Microsoft will launch personal finance app with assist from Plaid


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.


OCC guidance on data sharing could stifle innovation, fintechs say


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.


Truist's logo, Wells vs. USAA redux, Visa's Plaid pickup: Top stories of the week


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.


What the Visa-Plaid merger means for banks, fintechs


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.