February 2017 Summaries

Plaid has taken a unique approach to addressing consumer data access in the financial services industry, engaging with regulators and other stakeholders to share learnings and promote a collaborative ecosystem. By investing in information sharing and cooperation, Plaid aims to achieve its goals of protecting consumers' data while enabling secure and thoughtful data access. The company believes that incentives are aligned across the ecosystem to support this goal, and it is proactively working with partners to implement the necessary technology to create better consumer experiences.

Plaid has partnered with Citi and American Express as part of its Series B funding round, marking an important step forward for the fintech company. Over the past four years, Plaid has helped power thousands of applications that have reshaped financial services, enabling innovation in areas such as banking, savings, investments, lending, and reporting. The partnership with Citi and American Express aims to further connect traditional financial institutions with new technologies, contributing to a more open and innovative financial ecosystem. With this investment, Plaid is poised to play a key role in shaping the future of financial services, building on its existing success in empowering consumers and businesses through interconnectivity between accounts and tools.