Plaid and Okta: Team on open finance access
- Plaid, is the data network that powers the tools millions of people rely on to live a healthier financial life
- Announced a partnership and integration to help thousands of banks and financial institutions adopt OAuth and APIs
- The partnership provides the financial services ecosystem a more secure way to accelerate their open finance initiatives
- Consumers are demanding connected experiences — 75% of U.S. consumers agree it’s important to be able to connect to bank
- Enabling this connectivity means making data exchange as seamless and secure as possible
- These methods do not require passwords to be exchanged between parties
