Open-banking-as-a-service refers to a third-party provider that combines access to payment account data with other value-added banking functionality, giving financial institutions a single solution to build upon. This service allows for the secure and easy connection to payment account data from various banks in the UK and Europe, enabling the provision of personalized financial products and services to consumers. With the authorization of the Financial Conduct Authority, Plaid is at the forefront of this new wave of innovative products aimed at putting consumers back at the heart of their finances.