Company
Date Published
Author
Ginger Baker
Word count
550
Language
English
Hacker News points
None

Summary

Plaid has expanded its network to connect fintech accounts to other digital financial services, allowing people to link their accounts across various institutions and apps. The company's efforts aim to ensure interoperability across financial services, as revealed in a survey that showed seven in ten Americans want to connect their financial accounts together. Plaid now provides coverage for 75% of searches made through its Link platform, with hundreds of millions of users across North America and Europe having connected their accounts to various apps and services. The expanded network includes fintech companies such as Aspiration, Chime, and Robinhood, as well as banking-as-a-service platforms like Treasury Prime and Unit. This expansion enables consumers to put their financial information to work across more services, providing great choice and access to services for the underbanked, and helps customers deliver expanded functionality and value to users.