Plaid - News, Articles & Research

Big US banks pilot data sharing risk assessment service

Bank of America, JPMorgan Chase, PNC Bank, TD Bank, Truist, US Bank, and Wells Fargo have piloted a data sharing risk assessment service that streamlines risk evaluations of data aggregators and financial apps.

27 January 2021

News/predictions

Dimon 'scared shitless' by fintechs; calls out Plaid

JPMorgan Chase CEO Jamie Dimon says incumbent banks should be "scared shitless" by fintech rivals, adding that some - including Plaid - are competing unfairly.

18 January 2021

News/regulation

Visa and Plaid terminate blockbuster merger

Visa and Plaid have terminated their merger agreement after the US Justice Department filed suit to block the combination over competition concenrns.

13 January 2021

News/payments

CES 2021: Stripe and Plaid reveal Covid-19 ‘pressed fast forward’ on digital payments acceptance

As Andrew B. Morris from The Fintech Agenda, LLC highlights at CES 2021, the dark clouds of Covid-19 had a silver lining for the fintech industry. Unicorns Stripe and Plaid supported the global shift to a contactless economy, helping businesses deliver products and services to consumers who had collectively formed new daily habits for everything. Ginger Baker and Erika Wool explain what's next for the payments giants.

13 January 2021

Company announcement/payments

Curve and Plaid join forces

Money problems for many people often come down to a fundamental lack of understanding.

16 December 2020

Company announcement/payments

Plaid and Jack Henry join forces

A recent study by Capital One and the Decision Lab found that 77% of Americans experience anxiety due to their financial situation—an issue intensified by this year's pandemic and subsequent economic downturn.

24 November 2020

News/regulation

Startups call for Open Finance to break the dominance of banks

The UK needs to avoid an overly-standardised approach to Open Finance if it wants to break the dominance of banks and empower consumers, says a report from the Coalition for a Digital Economy (Coadec).

24 November 2020

News/payments

DoJ sues to block Visa's Plaid acquisition

The US Justice Department has sued to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid, citing competition concerns. Visa says the effort is "legally flawed and contradicted by the facts".

05 November 2020

News/retail

Visa's Plaid takeover faces antitrust scrutiny - WSJ

The US Justice Department could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, according to the Wall Street Journal.

27 October 2020

News/retail

TD Bank accuses Plaid of duping customers by ripping off its trademarks

Canada's TD Bank has filed a trademark infringement suit against Plaid, accusing the data aggregator of deceptively mimicking its log-in screen, colour scheme and logo to trick users into entering their financial details.

15 October 2020

Company announcement/regulation

PensionBee and Plaid report explores the impact of Open Pensions on UK consumers

Today PensionBee, the UK’s leading online pension provider, has released a new report with Plaid, an Open Banking data network powering thousands of digital financial apps and services, exploring the potential for Open Finance in pensions, and calling for regulators to prioritise the initiative before other sectors.

01 October 2020

Company announcement/regulation

CMA greenlights Visa's takeover of Plaid

The decision by the Competition and Markets Authority (CMA) follows a Phase 1 review in which it investigated several possible ways the deal could harm competition.

24 August 2020