Should FinTech Startups Have Access to Banking Data?

Among the overwhelming number of news one encounters every Monday, one caught our attention. Plaid, a financial technology platform, raised $44 million in the Series B funding round led by Goldman Sachs Investment Partners.

As the company describes itself in its official blog, Plaid is the technology fabric that connects consumers, their bank accounts, and third-party applications. Our suite of APIs enables developers to build applications that interface with users’ bank accounts—whether to collect and use account data, set up payments, verify identities, or much more.

While it is certainly a great start to the week and also the next big cycle of growth and development for Plaid, the news has triggered a certain spill out over the problem re ...

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