2022: The year of fintech job cuts
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
Plaid
FinTech Futures: Top five stories of the week – 9 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Open banking fintech Plaid to cut 260 jobs
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
RBC partners Plaid to offer API-led connectivity with fintech services
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
Open banking fintech Plaid acquires ID verification platform Cognito
The acquisition completes the customer onboarding experience, says Plaid CEO.
Plaid announces Series D extension featuring AmEx and JP Morgan
CEO Zach Perret says its new backers are “storied companies”.
Plaid agrees $58m settlement over data privacy class action
The plaintiffs alleged Plaid stored and used bank account information without consent.
Nymbus signs Plaid partnership deal to boost client onboarding
Core banking provider says deal will improve a range of identity processes for customers.
US Bank and Plaid sign API integration deal
US Bank customers will use Plaid APIs to connect to third party services.
Plaid announces $425m Series D with three new investors
“Mobile banking is no longer the realm of start-ups”.
Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
Plaid raising at $15bn as employees pitched $1,200 per share
US fintechs have enjoyed a wealth of VC interest since the Plaid-Visa deal hit headlines.
Plaid launches incubator FinRise for fintech founders of colour
The incubator is looking to accept just three-to-five start-ups.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
TD Bank files lawsuit against Plaid for “duping” its customers
The bank claims Plaid is violating its trademark and tricking customers into handing over data.
Galileo integrates with Plaid to simplify ACH transfers
The integration will streamline the initiation of ACH transfers.
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
UK regulator probes Visa’s acquisition of Plaid
The UK’s CMA is looking into potential anti-competitive implications.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Plaid and Honey: How consolidation helps and hinders competition
Consolidation is now becoming synonymous with standardisation – breeding competition.
JP Morgan vows to ban fintech apps from using customer passwords
It’s working towards issuing tokens that send third parties a narrow range of data in a secure form.
Plaid buys fintech rival Quovo for $200m
Bank account connectivity firm finds something similar in the US.
Plaid’s glad all over with $250m funding
US app provider now valued at a juicy $2.65 billion.
JP Morgan Chase teams with Plaid for open banking
Enabling account holders to safely share their financial data with third-party fintech applications.
Dead fintechs don’t wear Plaid
Shy US app provider expands to Canada.
