Welcome to the Plaid Blog

August 23, 2017
Making sense of messy bank data
At Plaid, we collect data from more than 9,600 financial institutions. That means 9,600 ways of classifying an ATM deposit, a refill at a gas station, an online purchase at Amazon, or that important bi-weekly paycheck. It also involves dealing with 9,600 ways of formatting everything from a transaction description to the...

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August 17, 2017
Now supporting Identity for 1,000+ institutions
A few weeks ago, we announced that we had expanded coverage of our Identity product to 300 financial institutions in the United States. Today, we’re excited to share that we’ve broadened coverage once again, and now supply Identity information for more than 1,000 financial institutions in the United States. Some of our...

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August 02, 2017
July Changelog
Welcome back to the Plaid Changelog! The Changelog is your go-to place to get the latest on the products, features, and upgrades we launch each month. Curious what we were up to last month? Check out the June Changelog. Banks Over the past month, we’ve continued upgrading integrations across the board. At the larger...

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July 26, 2017
Channeling the power of identity data
Recent innovation in financial services has allowed consumers to share their data in the platforms of their choice. These data run the gamut from historical transactions, to payments info, to income data, and tax info. But while ecosystem participants generally agree on the usefulness of those data types, identity info remains controversial. Some financial institutions...

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July 19, 2017
How many financial institutions are in the U.S.?
It might seem like a simple thing to establish how many financial institutions are in the United States. After all, this is pretty important when you’re establishing coverage for as many consumers as possible. But over the past several years building Plaid, we’ve learned that this is actually a bit trickier in practice...

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July 10, 2017
Introducing customizable copy in Link
Because Link is a key part of onboarding your users, we’re always striving to make it fit in seamlessly with the rest of your experience. Today, we released the ability to customize copy within Link. You can now directly edit copy for the successful connection, reconnection, institution select, and institution search views for both...

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July 05, 2017
June Changelog
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. Check out last month’s Changelog here. Banks At the start of this year, we committed to providing the best possible bank coverage in terms of quality, availability, and breadth....

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June 27, 2017
Now supporting Identity for 300+ institutions
We’re excited to announce today that our Identity product supports more than 300 financial institutions in the United States, from Regions Bank to Ally Bank—a big jump from the 11 we supported at the beginning of this year. These new institutions come in addition to the ones we’ve always supported like Wells...

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June 25, 2017
Fintech Request for Startups
The past five years have brought significant excitement to financial services. From a consumer perspective, there have been more products launched in this period than in the previous 225 years, since the first bank launched in the United States. Driving this innovation is an increase in mobile adoption coupled with expanding consumer demands for better...

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June 12, 2017
Two-factor authentication for the Dashboard
As part of our ongoing commitment to security, we’re launching two-factor authentication for the Dashboard today. This extra layer of security ensures that your Dashboard account is protected even if your password is compromised. Currently, you can set up two-factor authentication in one of two ways: either with authentication codes sent to your phone...

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Engineering

June 05, 2017
Now supporting Auth for 1,500+ institutions
When we first launched our Auth product back in 2014, it marked the first time that consumers could make an ACH payment without typing in their bank account and routing numbers. ACH is the largest payment network in the United States and processes more than $40 trillion each year—underlying things like utility bill payment,...

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June 04, 2017
May Changelog
We’re excited to introduce the Plaid Changelog! This is the inaugural post in a new series we’re publishing that will highlight new products, features, and upgrades we launch each month to keep you up to date on all Plaid happenings. We’ve also written retroactive Changelogs for April and March. It’s been...

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May 22, 2017
Design upgrades for Link
Today we released some exciting design upgrades for Link! We first launched Link with the goal of making it the easiest and most secure way to integrate with Plaid. With just a few lines of code, Link makes it possible for end users to search for and connect to thousands of financial institutions—all so...

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April 30, 2017
April Changelog
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. Banks At the start of this year, we committed to providing the best possible bank coverage in terms of quality, availability, and breadth. Check out the progress we’ve made...

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April 24, 2017
Debuting a new partnership with Dwolla
Today we’re excited to announce our partnership with Dwolla, the bank transfer API platform, to launch a fully tokenized ACH payments integration. This marks a huge step forward in our goal to improve one of the biggest payment networks in the U.S. Many behaviors and preferences around banking have changed over the past...

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