{"id":519058,"date":"2020-11-25T06:14:53","date_gmt":"2020-11-25T06:14:53","guid":{"rendered":"https:\/\/ibsintelligence.com\/ibsi-news\/plaid-partners-with-jack-henry-to-enable-plaid-exchange-for-over-350-banks\/"},"modified":"2021-09-21T12:03:19","modified_gmt":"2021-09-21T12:03:19","slug":"plaid-partners-with-jack-henry-to-enable-plaid-exchange-for-over-350-banks","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/plaid-partners-with-jack-henry-to-enable-plaid-exchange-for-over-350-banks\/","title":{"rendered":"Plaid partners with Jack Henry to enable Plaid Exchange for over 350 banks"},"content":{"rendered":"<p><a href=\"https:\/\/staging-ibsintelligence.kinsta.cloud\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-184352\" src=\"https:\/\/staging-ibsintelligence.kinsta.cloud\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates-300x300.jpg\" alt=\"Plaid partners with Jack Henry to enable Plaid Exchange for over 350 banks\" width=\"218\" height=\"218\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates.jpg 300w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates-100x100.jpg 100w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates-60x60.jpg 60w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/08\/Jack-Henry-Associates-90x90.jpg 90w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">California based Plaid, a FinTech company democratizing financial services through technology has announced partnering with\u00a0<\/span><a class=\"editor-rtfLink\" href=\"http:\/\/www.jackhenry.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Jack Henry &amp; Associates<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0to enable Plaid Exchange for financial institutions on Banno Digital Platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Plaid launched\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/staging-ibsintelligence.kinsta.cloud\/ibs-journal\/ibs-news\/plaid-launches-plaid-exchange-emphasizing-apis-as-the-future-of-open-finance\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Plaid Exchange<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0as the industry\u2019s first open finance platform, enabling banks, wealth managers, and FinTech firms to offer a secure, reliable means for their customers to connect accounts to apps and services as well as provide the tools needed to manage and monitor these connections.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The COVID-19 pandemic has resulted in an unprecedented digital transformation for the financial ecosystem. A recent study by Capital One and the Decision Lab found that 77% of Americans experience anxiety due to their financial situation, an issue intensified by this year\u2019s pandemic and subsequent economic downturn. Consumers are increasingly turning to FInTech to manage and improve their finances, which makes it more critical than ever that institutions support connections across the financial ecosystem.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Through the partnership, Jack Henry customers will have \u201czero-lift\u201d access to the Plaid network. Institutions leveraging Jack Henry\u2019s Banno Digital Platform can now give their account holders secure and reliable access to various Plaid-powered FinTech apps they\u2019ve come to rely on in their everyday financial lives. The integration is also expected to maximize efficiency for participating financial institutions and help ensure more reliable connections when consumers permission their accounts to Plaid-powered applications. The service is available for Banno clients at no extra cost.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Plaid has also announced the official launch of the Plaid Exchange Partner Program, which began in collaboration with MuleSoft, a leading API management platform. This program welcomes organizations interested in enhancing the suite of capabilities they offer financial institutions by adding support for Plaid Exchange, specifically for partners in the following categories: banking platform providers, API management platform, software development companies and industry groups.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founded in 2012,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/staging-ibsintelligence.kinsta.cloud\/banktech-daily-news\/qube-money-announces-technology-integration-with-plaid\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Plaid<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0is focused on building the enabling infrastructure for financial services that provide a secure and efficient way to move financial data, reducing fraud and providing more product and service options to consumers that can improve their transparency and control over personal financial information.<\/span><\/p>\n","protected":false},"author":14,"featured_media":519059,"parent":0,"template":"","categories":[11376,11378],"tags":[11844,11416],"class_list":["post-519058","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-banking","category-open-banking","tag-plaid","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Plaid partners with Jack Henry to enable Plaid Exchange for over 350 banks - IBS Intelligence<\/title>\n<meta name=\"description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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