Plaid's strategic involvement with Visa and Mastercard could help it sign more major financial institutions:
of a similar startup, Quovo, in January 2019. While Plaid didn't specify the level of collaboration it intends to have with the two credit card companies, it said it looks forward to"collaborating on products that lie at the intersection of commerce and financial services," CEO and Cofounder Zach Perret wrote in a company blogA strategic involvement with Visa and Mastercard gives extra weight to Plaid and could help the company sign more major financial institutions .
Plaid already works with big-name firms including Capital One and JPMorgan Chase, and the more it can sign on, the greater variety of accounts it will be able to provide access to through its application programming interfaces , which will increase its utility in the future.pass to Business Insider Intelligence and gain immediate access to the Banking Briefing, plus more than 250 other expertly researched reports.
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