Plaid is launching Plaid Exchange, an open finance platform that provides critical tools for financial institutions to manage secure and reliable data connectivity. The platform allows consumers to maintain control and transparency into where and how their financial information is permissioned and shared. With Plaid Exchange, financial institutions can bring an API solution to market in as little as 12 weeks, saving on costs associated with building tools and programs to manage developer testing, implementation, and risk management. The platform offers token-based API connectivity, infrastructure load optimization, and the ability to build one integration for open finance needs. It also aligns with key industry standards and principles, enabling new control tools for consumers. Plaid Exchange is designed to make it easier for financial institutions to incorporate APIs into their digital transformation agendas, regardless of budget size or resources.