Plaid Announces “Plaid Direct” for Better Connections Between Fintechs

Today, Plaid announced Plaid Direct which aims to make working with digital banks easier; for example, prior to the new offering users could only fund their Venmo account through a connection with a traditional financial institution; Plaid Direct allows fintechs to connect directly to each other; Baker Shogry, head of product at Plaid shared that the process does not bypass or change anything from a regulatory perspective. Source

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