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With the update, an app developer that uses Plaid to query your bank account will get instant transactions updates if the financial institution uses Plaid Exchange. For instance, Venmo could leverage that feature to notify you when your money has arrived on your bank account.
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“Instant, real-time data has become standard for consumers today, and it’s a critical piece of information that our users need to make sound financial decisions,” said Branch CEO Atif Siddiqi in a press release put out by Plaid. “Plaid provides our users with the most current picture of their transaction history, empowering their daily financial decisions.”
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