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HomeBusinessPlaid: Launches Plaid Exchange to help banks manage their API

Plaid: Launches Plaid Exchange to help banks manage their API

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Plaid: Launches Plaid Exchange to help banks manage their API

  • Plaid mostly known for its range of APIs that let developers access banking information
  • The company wants to help financial institutions directly so they can build and maintain an API that other developers can use
  • An API is an interface that lets two services interact with each other
  • If you’ve used Venmo, Betterment, Square’s Cash App or Robinhood, chances are you’ve interacted with Plaid
  • Plaid has built a universal API that also connects with thousands of financial institutions
  • And the ability to connect to thousands of banks with the same API is valuable on its own

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