July 2024 Summaries

The U.S. open banking rule, known as Section 1033, is expected to be released later this year and will promote strong security and privacy standards throughout the financial ecosystem. Plaid's open finance solution, which includes Core Exchange, Permissions Manager, and App Directory, helps data providers prepare for new compliance obligations and a future of open finance. The company aims to simplify compliance for data providers while meeting consumers' expectations around digital experiences and data connectivity.

Plaid, a technology company, published its third annual State of Diversity, Equity, Inclusion, and Belonging (DEIB) report highlighting progress made in the previous year. The company has deepened partnerships across its People organization to ensure that DEIB is integral to every team's roadmap. Plaid Community Groups (PCGs), or Employee Resource Groups, offer programming to foster community and create developmental opportunities for their members. The company continues to invest in the leaders of these groups and uses data to guide its focus on DEIB programming. Plaid is proud of its growth in this area and plans to continue investing in it to ensure that every employee has what they need to thrive.