Current Launches Platform API; Collaborates with Plaid to Deliver Secure, Open Finance Solutions

Integration offers Present’s practically 4 million members entry to greater than 6,000 apps powered by Plaid

NEW YORK, Might 10, 2022 /PRNewswire/ — Present, a number one U.S. monetary expertise platform serving Individuals working to create a greater future for themselves, at the moment introduced the launch of its platform API, constructed to facilitate seamless integrations and embedded banking experiences. Plaid, the API-first information community powering the digital monetary ecosystem, is the first-ever associate and can present Present members entry to a credential-less open finance expertise.

Present’s platform API allows different fintechs to construct embedded experiences, making this a groundbreaking integration that opens the door for numerous extra alternatives. As the primary associate to combine, Plaid will present Present’s practically 4 million members expanded entry to progressive digital monetary instruments and options to assist them handle their cash seamlessly, securely and supply them entry to extra experiences that may enhance their monetary outcomes.

“Our new platform API offers open banking companions the aptitude to embed our core banking expertise. We’re thrilled to be working with Plaid, the trade chief in open banking, as our first associate,” stated Trevor Marshall, Chief Know-how Officer at Present. “We enabled this integration in response to suggestions from our members. With Plaid, our members can entry experiences that may assist enhance their monetary lives with management and safety.”

Present members can now simply join their account to 1000’s of different fintech apps, together with digital funds, monetary planning, and funding instruments, on the Plaid community. The fast integration was made attainable by Present’s API and leverages telephone quantity and machine authentication, which eliminates reliance on banking credentials from the ecosystem and supplies a frictionless buyer expertise.

Present is likely one of the most requested fintech apps when customers join their accounts to digital monetary providers in Plaid Hyperlink. Present selected Plaid as its first API associate due to its sturdy trade popularity as being a safe, dependable open finance chief that has constructed integrations with greater than 12,000 monetary establishments, together with neobanks and fintechs.

“Tens of millions of Present members will now have safe entry to the greater than 6,000 apps and providers powered by the Plaid community by our open finance partnership,” stated Raja Chakravorti, Partnerships Lead, Common Entry at Plaid. “We’re thrilled to allow a easy, safe on-ramp to digital monetary providers for Present members, who are sometimes banking for the primary time of their lives. The mixing ensures that customers are answerable for the place and the way their monetary information is permissioned and shared, data that’s important to establishing a wholesome monetary life.”

About Present
We’re a number one U.S. monetary expertise platform serving the wants of Individuals who’re working to create a greater future for themselves. Our mission is to allow members to vary their lives by creating higher monetary outcomes. Leveraging the perfect expertise, we ship inspirational and motivational merchandise as all of us transfer ahead in a world of accelerating digitization and complexity. To be taught extra about us, go to http://www.present.com or obtain our app on the App Retailer or Google Play.

Present is backed by investments from Andreessen Horowitz, Tiger International Administration, TQ Ventures, Avenir, Sapphire Ventures, Basis Capital, Wellington Administration, QED Buyers and EXPA.

About Plaid
Plaid is a knowledge community that powers the instruments thousands and thousands of individuals depend on to reside a more healthy monetary life. Plaid works with 1000’s of firms like Venmo, SoFi, and Betterment, a number of of the Fortune 500, and lots of the largest banks to make it simple for folks to attach their monetary accounts to greater than 6,000 apps and providers they wish to use. Plaid’s community covers greater than 12,000 monetary establishments throughout the US, Canada, UK and Europe. Headquartered in San Francisco, the corporate was based in 2013 by Zach Perret and William Hockey.

Media Contacts
Present – Carly DeBeikes – [email protected]
Plaid – Kelly Reilly – [email protected] 

SOURCE Present