What is Plaid?
The tools developers need to create easy and accessible experiences for their users. With just a few lines of code, users can connect to more than 12,000 financial institutions.
Pros & Cons
Pros
- Secure bank integration
- Clean UI
- End-to-end encryption
- API access
- Free tier
- Identity verification
- Wide institution coverage
Cons
- Reliability issues
Tool Details
| Categories | Unified API |
|---|---|
| Website | plaid.com |
| Became Popular | April 28, 2014 |
| Platforms | Web |
| Social | Twitter · Instagram · Facebook |
Recent Reviews (3)
1. Consumers can verify their financial accounts. We do something unique when we bring this verified data to the consumer's phones, in addition to end-to-end encryption, we strip out the personal data and encrypt and store it separately on the consumer's mobile phones from their financial data! Data is not stored on servers, not even ours! 2. We also use Plaid to verify identity to combat fraud - however, we don't store or share this data (i.e., your license or passport) with financial institutions other than letting them know we checked identity.
Plaid's open banking features enabled us access to real-time transactions which drives our loyalty rewards program. Their clean UI makes our user onboarding a breeze.
Huge thanks to Plaid for powering our fintech infrastructure! Their rock-solid APIs enabled us to seamlessly integrate bank connections and financial data with enterprise-grade security. Plaid's reliable platform gave our users the confidence to connect their accounts, making our core value proposition possible from day one.
Frequently Asked Questions about Plaid
When did Plaid become popular?
Plaid became popular around April 28, 2014.
What are the main advantages of using Plaid?
The top advantages of Plaid include: secure bank integration, clean UI, end-to-end encryption, API access, free tier.
What are the disadvantages of Plaid?
Some reported disadvantages of Plaid include: reliability issues.
What is Plaid's overall user rating?
Plaid has an overall rating of 5.0/5 based on 21 user reviews.
What type of tool is Plaid?
Plaid belongs to the following categories: Unified API.
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