Company
Date Published
Author
Zak Lambert
Word count
651
Language
English
Hacker News points
None

Summary

Plaid is helping fintech companies like Canopy and Scraye improve the UK's rental experience by providing open banking technologies that enable consumers to manage their financial lives in new ways. These innovations empower consumers to make the most of their money, with apps like Cleo and Acorns offering personalized budgeting and spending breakdowns. The company is supporting digital rental marketplaces like Canopy, which uses Plaid's open banking data to verify income and identity, complete reference checks, and evaluate creditworthiness in seconds or minutes. Additionally, Scraye is using Plaid's technology to improve the rental process for prospective tenants, offering a modern search platform and instant rent payments through standing orders. By providing financial data, these companies aim to reshape the rental housing market and create a more equitable experience for all parties involved.