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The firm is now migrating 100% of its traffic to APIs for financial institutions, including Capital One, J.P. Morgan Chase, USAA and Wells Fargo, and has also signed agreements with RBC, Citibank and M&T, and it will migrate its traffic to their APIs in the coming months, according to a recent blog post. These partnerships recently announced by Plaid illustrate the benefits open finance can offer to consumers.
“Our goal is to remove the need to rely on screen scraping in order for consumers to use the apps and services they want, and the momentum across our API integrations will help the industry get there faster,” Sunquist wrote.
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