spot_img
Tuesday, May 21, 2024
HomeNewsPlaid deal lets Estonian fintech unicorn Wise's customers connect accounts to 6000...

Plaid deal lets Estonian fintech unicorn Wise’s customers connect accounts to 6000 apps

Wise has struck an open finance agreement with Plaid that will enable Wise’s 13 million customers to connect their accounts to thousands of apps.

Based on Plaid’s open finance tool Core Exchange, the arrangement means that people can connect their Wise USD local account to thousands of other apps – including Venmo, Truebill and Chime – to easily move money back and forth.

The integration is already live and being used for things such as P2P payments and investment platforms, says Wise. Business customers in the US are using it to send funds to payroll companies, and firms globally are connecting to neobanks, as well as paying credit card bills and paying tax.

Sharon Ann Kean, senior director, global expansion, Wise, says:

“By working with Plaid, we’re giving customers the ability to connect their accounts to the apps and services they know and love in the US instantly and without hidden fees. As we build money without borders, our customers will continue to see deeper integrations in the market to ensure the Wise account meets the local functionality needed for American consumers.” 

Raja Chakravorti, universal data access lead, Plaid, adds:

“Delivering secure data connectivity solutions to consumers is central to our mission of unlocking financial freedom for everyone. Our Wise partnership ensures access, transparency, and control for millions of consumers to securely connect their accounts to the apps and services they choose.”

Chris Crespo
Chris Crespohttp://nordicfintechmagazine.com
Chris is a Founding Partner and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial ideas into easy-to-understand content. With nearly 20 years of experience in management consulting and financial services, including leadership roles with some of Europe's largest banks, he offers profound industry insights. Previously serving as the Chief Futurist at the largest bank in the Nordics, Chris has sharp views on the Future of Financial Services, Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, Singularity University and Copenhagen Business School, where he frequently discusses the future of Money, Finance, and Entrepreneurship in Financial Services. As a Behavioral Economist, Chris is passionate about studying how human behavior and decision-making relate to risk. He also delves into the connections between psychology, leadership, and technology within financial services.
Fintech Events in the Nordics 2024