February 01, 2021

Newsletter - February 2021

Jenny Chiu

In this month's newsletter, we're excited to announce our first Community Town Hall of 2021 where you'll hear from Plaid leaders including Zach Perret, Jean-Denis Greze, and Ginger Baker about what's top of mind for Plaid. Below, read about our latest product enhancements, upcoming events, and more.

Product highlights

A simple way for people to change the destination of their direct deposits: Plaid’s new Deposit Switch product, which is in beta, makes it easy for your users to switch their direct deposits to your app. Users can simply link their payroll account via Plaid Link and Plaid automatically updates their payroll settings within seconds.

Update your Link integration to Link tokens: Link tokens are a new and recommended way of integrating with Link that we announced last July. This more secure integration uses a one-time token in place of the public_key, and will be the preferred method of building with Plaid going forward.

Looking for our Changelog? You can find it in our docs.

Virtual events

Plaid Community Town Hall - February 23 at 10:00am PT: Plaid is back with our Community Town Hall! Tune in to hear from Plaid leaders on our latest platform and product updates, and insights into trends that can help you take your business to new heights. Register here

Building an Open Finance Strategy: Webinar with Independent Community Bankers of America (ICBA) - February 2 at 12:00pm PT: Explore how you can adopt a modern API platform and build a successful open finance strategy with Plaid Exchange. Register here

Plaid Tech Talk with LendingTree - February 11 at 11:00am PT: Join Plaid and LendingTree for our latest Tech Talk to learn how a holistic view of your customer’s finances can help you build the products and services they want. Register here

In other news

Leveling the playing field to enable more voices in fintech: Plaid has launched FinRise, a nine-month program designed to support early-stage Black, Indigenous, People of Color (BIPOC) founders in launching their businesses.

Plaid helps Outdoorsy make prompt payments and reduce errors: Outdoorsy is an RV-sharing platform. After they integrated with Plaid, their user error rate in connecting bank accounts dropped by 99%. Read the customer story