What that means for you
Money is one of the biggest sources of stress in people’s lives. By enabling you to quickly and securely connect your financial institutions to your apps, Plaid can help you do the things you want to do.
Why is Plaid involved?
Some people have asked us how we connect their financial accounts to apps like Venmo and Acorns. Can’t Venmo just do it? Or my bank?
CHALLENGE
There are more than 12,000 financial institutions in the US, but they structure and manage their data in many different ways.
For an app that wants to enable users to connect their financial accounts, building a digital connection to a single financial institution can take a lot of engineering time and expertise. Now imagine doing that thousands of times. For many companies, it’s not feasible.
SOLUTION
At Plaid, we work around the clock to build and maintain secure connections to more than 12,000 US financial institutions.
Plaid lets you connect your financial accounts to apps and services to help them provide products and services to you. These apps can help you do things like manage your money and make progress toward your financial goals.
Why some connections fail
Sometimes you may not be able to connect your account. The problem could be taking place anywhere along the chain between Plaid and your financial institution.
Our goal is to restore the connection so you can use the apps and services you rely on.
Keeping your data secure
Your security is essential to everything we do. For that reason, our information security practices are designed to meet or exceed industry standards.
Security
We protect your data with encryption, strong authentication, and third-party audits.
How we handle dataWorking together to build a better financial system
We believe in a financial system that is more swift, secure, and connected. We’re committed to working together with financial institutions, apps—and you!—to make it a reality.