Plaid

Plaid is a data network and payments platform that helps people connect their financial accounts to apps and services in a way that's easy, safe and reliable. That integration can help reduce costs, quickly onboard customers and make financial transactions a breeze.

Some of the things you can do with Plaid include:

• Payment Initiation: Let users make payments from within your app.
• Transactions: Get up to 24 months of categorized transaction history.
• Balance: Get real-time account balance information.
• Assets: Get point-in-time views of users' financial profiles.
• Identity: Verify users' identities to reduce fraud.
• Auth: Make it easy for users to set up direct debits and payouts.
• Plaid Link: Let users quickly connect their financial accounts.
• Global Coverage: Open banking connections in Europe and North America.

Plaid has a range of products to help with different financial use cases. These include:

• Personal Finances: Help people manage their financial health with categorized transactions.
• Business Finances: Help people manage their business financials.
• Lending: Help lenders quickly and securely assess borrowers' financial data.
• Banking & Wealth: Help people interact with their bank accounts and investments.

Pricing details are available on the Plaid website. The company also offers a Free plan with live API calls, unlimited test API calls, premium support and integration help. Custom plans are also available for custom solutions, volume pricing and dedicated support.

Plaid's APIs are designed to be easy to integrate with a variety of SDKs and tools. It offers detailed documentation and developer resources to make the integration process as smooth as possible.

By using open banking APIs, Plaid provides a secure and controlled way to access users' financial data, ultimately providing a better fintech experience for consumers and businesses.

Published on June 23, 2024