March 27, 2023

Plaid named a Leader in open banking intermediaries

Kevin Young

Plaid is proud to be named a Leader in The Forrester Wave™️: Open Banking Intermediaries, Q1 2023 report. 

According to the Forrester report, "Plaid’s scale, coverage, and ambition targets a global open finance ecosystem. In its first decade, Plaid has grown into a leading North American aggregator, now also in Europe and the UK with further regional expansion planned."

The report assesses the top open banking intermediary providers on 24 criteria across three major categories: current offering, strategy, and market presence. Of the 13 providers evaluated, Plaid’s received the highest scores in the current offering and market presence categories, and we also received the highest possible score across 14 criteria including consent management and lifecycle, developer engagement, and innovation roadmap.

The report states, "With a mission to ‘unlock financial freedom’ and cover the most financial institutions globally, Plaid’s future capabilities align with customer priorities around acquisition and retention, risk, and fraud mitigation.”

With Consumer Financial Protection Bureau (CFPB) rulemaking on the horizon, we can expect open banking to continue to solidify in 2023. To help our customers rise to the challenge, we are proud to be building industry-recognized tools that streamline API connectivity and build consumer permissions portals while also making it easy for end-users to understand and manage their data sharing

Download your complimentary report to learn more about how Plaid’s platform compares to other open banking intermediary platforms.

Go deeper: Learn more about open finance