Saturday, December 14, 2024

US Bank & Plaid: Take Open Finance to the next level

  • Plaid used by thousands of digital financial apps and services like Betterment, Expensify, Microsoft, and Venmo, and by many of the largest banks
  • U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020 the parent company of U.S. Bank National Association
  • The two companies joined forces to upgrade U.S. Bank customers to an API-based, credential-less open finance experience with Plaid
  • Even more, the integration includes new bi-directional functionality between U.S. Bank My Controls and the Plaid Portal
  • The overall digital financial ecosystem stronger when credentials eliminated and replaced with secure APIs
  •  This partnership made the migration as seamless as possible, while at the same time preserving a great

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