Plaid

Plaid is a financial data platform that enables companies to build fintech solutions by allowing people to connect their financial data to applications and services. It is designed for any company developing financial products, as well as for financial institutions. Key capabilities include providing API access to over 12,000 financial institutions across 20 countries, facilitating over one million daily connections. The platform offers services for bank payments designed for fast connection and high conversion, credit scoring and underwriting that reflects real-time financial behavior, fraud protection built on millions of data points, instant onboarding, and personal financial management tools. Plaid claims that one in two banked adults in the U.S. use its network, and that builders on its network see a 25% higher onboarding conversion. The platform positions itself as the AI infrastructure behind smarter financial products, powered by what it describes as the largest financial network.