Company
Date Published
Author
Ben White
Word count
752
Language
English
Hacker News points
None

Summary

The shift to APIs in financial access is driven by widespread consumer fintech adoption, increased regulatory interest, and the rise of technical standards. As a result, financial institutions are adopting APIs like Plaid Exchange to power data sharing for their customers, enabling more reliable access to their financial data. This transition reflects a new era for financial access, one in which consumers can expect robust, reliable, and consistent access to their financial data, ultimately driving the ecosystem towards greater consumer impact and innovation.