They do integrate natively with some banks, like JPMC:
> When this is implemented, Plaid will access customer information through the bank’s secure API (application programming interface) connection. That will allow customers to share their information more safely and quickly with Plaid and the financial apps it supports while protecting their bank username and password.
and also Wells Fargo:
> The API used in the agreement will utilize a more secure, tokenized “handshake” between the companies’ servers through which customers’ financial data will be shared. Once integrated, the API will allow customers to share their financial data, while also maintaining the privacy of their user credentials. The enrollment process will be easy and designed to work seamlessly within Plaid-supported apps’ user experiences.
I think it would be good to do some quick Google searches before getting (all of) the torches out.
> When this is implemented, Plaid will access customer information through the bank’s secure API (application programming interface) connection. That will allow customers to share their information more safely and quickly with Plaid and the financial apps it supports while protecting their bank username and password.
and also Wells Fargo:
> The API used in the agreement will utilize a more secure, tokenized “handshake” between the companies’ servers through which customers’ financial data will be shared. Once integrated, the API will allow customers to share their financial data, while also maintaining the privacy of their user credentials. The enrollment process will be easy and designed to work seamlessly within Plaid-supported apps’ user experiences.
I think it would be good to do some quick Google searches before getting (all of) the torches out.
https://media.chase.com/news/plaid-signs-data-agreement-with...
https://www.businesswire.com/news/home/20190919005081/en/Wel...