Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company announcement/payments

Alviere institutes three new product updates to embebdded banking platform

Alviere, the leading global embedded finance platform enabling any organization to offer their customers enterprise-grade financial products and services, announced today the launch of three new platform updates.

01 March 2023

Company announcement/retail

Mission Lane expands Plaid open finance partnership

Purpose-driven fintech Mission Lane today announced it is expanding its partnership with the data network Plaid to bring secure open finance solutions to its two million-plus customers.

22 February 2023

News/identity

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

Company announcement/identity

Plaid and Okta team on open finance access

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today announced a partnership and integration to help thousands of banks and financial institutions adopt OAuth and APIs for exchanging data with third parties.

14 February 2023

News/regulation

Plaid publishes response to CFPB’s personal data right proposal

Plaid has released a series of recommendations to the Consumer Financial Protection Bureau (CFPB) in response to the Bureau’s call for stakeholder feedback on its strong consumer financial data rights proposal.

27 January 2023

News/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

25 January 2023

Company announcement/payments

PayJunction partners Plaid for A2A money transfers

PayJunction, a leading developer of payment processing technology, announced an integration with Plaid, a consumer-permissioned network powering the digital financial ecosystem to simplify bank payments, enabling PayJunction customers and partners to deliver a better pay-by-bank experience.

18 January 2023

Company announcement/payments

Paysend enters open banking payment initiation partnership with Plaid

Paysend, the UK-based fintech with 6 million customers, today announces the launch of a new Open Banking Payment Initiation partnership with Plaid, an open banking network that powers digital finance.

14 December 2022

Company announcement/payments

Airwallex and Plaid partner on payments

Global fintech Airwallex today announced it has partnered with Plaid, the data network powering the digital financial ecosystem, to offer an integrated solution that can streamline Automated Clearing House (ACH) payments, and enable a more seamless, safe and cost-efficient way to authorize debits from their bank accounts and fund their Airwallex accounts.

08 December 2022

News/people

Plaid to let go of 260 employees

Open banking platform Plaid is to lay off 20% of its workforce in response to the turbulent economic environment.

07 December 2022

News/security

Plaid releases ML risk engine, 'Signal'

Plaid today announced that after two years in beta, its machine learning (ML) risk engine, Signal, will be available to customers seeking to upgrade their automated clearing house (ACH) transaction services with fraud detection.

17 November 2022

Company announcement/payments

John Anderson announced as Plaid's head of payments

Plaid today announces the appointment of Facebook veteran John Anderson as its new head of payments. The company posted a blog written by Anderson on the news as below:

17 November 2022

Company announcement/payments

Treasury Prime inks deal with Plaid

Treasury Prime, a leading Banking-as-a-Service (BaaS) company, today announced a partnership with Plaid, the API-first data network powering the digital financial ecosystem, to deliver seamless integration between Treasury Prime-supported accounts and any external fintech available via the Plaid ecosystem.

15 November 2022

News/regulation

Money20/20 US: CFPB to finalise US open banking rule by 2024

Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20 stage to outline the Bureau’s strategy toward determining regulation of open banking in the US.

25 October 2022

Company announcement/retail

Capco and Plaid forge open finance alliance

Capco, a Wipro company and global technology and management consultancy, and Plaid, an industry leader powering the digital financial ecosystem, today announced a new alliance.

25 October 2022

Research

The Future of Digital Banking in North America 2023

21 October 2022 1153 downloads

Company announcement/crypto

Plaid introduces Wallet Onboard tool for crypto

From supporting their favorite artists to unlocking online worlds, consumers are using crypto in creative ways every day.

20 October 2022

News/regulation

FCA’s amendment to the 90 day PSD2 rule comes into effect

The update will further streamline users’ ability to confirm data access for open banking services.

30 September 2022

News/retail

Fintechs form Open Finance Association

Leading fintech players including Plaid, Truelayer and Yapily have banded together to launch a not-for-profit trade association pushing open finance in the UK and EU.

22 September 2022

News/payments

Plaid deal lets Wise customers connect accounts to 6000 apps

Wise has struck an open finance agreement with Plaid that will enable the former's 13 million of customers to connect their accounts to thousands of apps.

10 August 2022