Welcome to the Plaid Changelog! Our Changelogs are a series of posts dedicated

to highlighting the new products, features, and upgrades we launch each month.

Banks

At the start of this year, we committed to providing the best possible bank

coverage in terms of quality, availability, and breadth. Here’s the progress

we’ve made so far.

Expanded Auth coverage

In March, we launched more than 300 new institutions on our Auth endpoint,

including Citizens Bank, Huntington Bank, and First Republic, bringing the total

number of institutions that support Auth to over 500 on March 31.

API

New, simplified API

We announced major upgrades to our core API,

including simplified endpoints, redesigned docs, new client libraries, and a new

stateful sandbox. These upgrades should improve the developer experience, making

it easier to build new applications, start using Plaid products, and test code

changes on an ongoing basis.

New partners

Ellie Mae

We’re excited to announce that we’re

partnering with Ellie Mae,

the largest loan origination system in the U.S., to help rebuild the way the U.S.

thinks about mortgages. For decades, mortgages (like much of lending) have

relied on manual processes, static paperwork, and inefficient back-and-forth

communication. The average mortgage still requires roughly 500 pages of paper

and 30+ days to complete. By partnering with Ellie Mae, we’ll help remove the

clutter and streamline the mortgage application process.