Plaid
The data network for the digital financial ecosystem.
fintech APIopen bankingfinancial data aggregationpayment processingbank account linking
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105 uses
LinkStart Verdict
The backend backbone of modern fintech. Essential for developers building finance apps, not for end-consumers.
Why we love it
- Connects to 12,000+ financial institutions
- Robust API documentation
- High security standards
Things to know
- Requires development skills to implement
- Not a standalone consumer tool
About
Plaid is a financial technology platform that acts as the data network for the digital economy, enabling developers to connect their apps with users' bank accounts. It provides a secure and reliable API to access financial data from over 12,000 institutions. Developers use Plaid to build a wide range of applications, from personal finance and budgeting tools to lending services and payment solutions. By simplifying the process of financial data aggregation and account verification, Plaid empowers companies to create innovative fintech products, reduce fraud, and improve the user onboarding experience.
Key Features
- ✓Securely connect to over 12,000 financial institutions
- ✓Instantly authenticate accounts for ACH payments
- ✓Access real-time transaction data for personal finance apps
- ✓Verify user identity and reduce fraud