Welcome to the Plaid Changelog! Our Changelogs are a series of posts dedicated to highlighting the new products, features, and upgrades we launch each month.
At the start of this year, we committed to providing the best possible bank coverage in terms of quality, availability, and breadth. Here’s the progress we’ve made so far.
Expanded Auth coverage
In March, we launched more than 300 new institutions on our Auth endpoint, including Citizens Bank, Huntington Bank, and First Republic, bringing the total number of institutions that support Auth to over 500 on March 31.
New, simplified API
We announced major upgrades to our core API, including simplified endpoints, redesigned docs, new client libraries, and a new stateful sandbox. These upgrades should improve the developer experience, making it easier to build new applications, start using Plaid products, and test code changes on an ongoing basis.
We’re excited to announce that we’re partnering with Ellie Mae, the largest loan origination system in the U.S., to help rebuild the way the U.S. thinks about mortgages. For decades, mortgages (like much of lending) have relied on manual processes, static paperwork, and inefficient back-and-forth communication. The average mortgage still requires roughly 500 pages of paper and 30+ days to complete. By partnering with Ellie Mae, we’ll help remove the clutter and streamline the mortgage application process.