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Plaid Exchange gives financial institutions, from banks to wealth management firms, an open finance platform to manage consumer data connectivity. Portfolio company Plaid is giving consumers the ability to maintain control and transparency into where and how their financial information is permissioned and shared.
We understand integrating new technology with legacy systems can be a key challenge - 44% of executives called this the top obstacle to digital banking transformation. To help, we’re working closely with integration partners, including core banking providers and development companies like Kunai and Core10, that aim to make it easier for banks to plug into Plaid Exchange. We believe APIs are the future of open finance, and we want to make it as easy as possible for all financial institutions to incorporate APIs into their broader digital transformation agendas regardless of budget size and resources.
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