Plaid
Connect bank accounts and access transactions, balances, and identity via one open banking API.
Visit websiteplaid.com
Overview
Plaid connects applications to end users' bank accounts across North America and parts of Europe, returning account, transaction, and identity data through a single API.
The product set is split by purpose: Auth returns account and routing numbers, Transactions returns categorised history, Identity returns KYC-ready account-holder details, and Transfer initiates ACH and RTP payments. End users connect their bank through Link, a hosted front-end module.
Common use cases
- Verify a bank account before initiating an ACH debit
- Pull categorised transaction history for budgeting features
- Confirm income and assets during a lending application
- Let a user link multiple bank accounts in one flow
Key Features
- Auth for instant bank account and routing number verification
- Transactions with categorized historical and real-time data
- Identity for KYC-ready name, address, and phone verification
- Assets for income, employment, and asset verification
- Transfer for ACH and RTP payment initiation
- Signal for ACH transaction risk scoring and return prediction
- Link drop-in module with 12,000+ institution coverage
- Support for linking multiple accounts across institutions
Related Tools
Tink
PSD2-compliant open banking for account aggregation, payment initiation, and finance data.
Banking & Open Finance
API, SDKEuropeUsage-based
Apache Fineract (Mifos X)
Open SourceOpen-source core banking engine for microfinance and community finance, with a full REST API.
Banking & Open Finance
Platform, OSSGlobalFree
Unit
Embedded finance platform for adding banking, cards, and lending to any product.
Banking & Open Finance
API, PlatformUSUsage-based