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Fintech startup Plaid got its start as a company that connects consumer bank accounts to financial applications, but has since been gradually expanding its offerings to offer more of a full stack onboarding experience.
And today, Plaid is announcing even more new product releases that moves the company into a whole new direction while also helping to diversify its revenue streams.
At the top of that lies Beacon, which it is describing as a “collaborative anti-fraud network enabling financial institutions and fintech companies to share critical fraud intelligence via API across Plaid.”
Plaid is launching Beacon today with 10 founding members, including Tally, Credit Genie, Veridian Credit Union and Promise Finance. Its argument for the need for such a network is t...
