Visa’s acquisition of Plaid is a $5Bn bet on the future of finance, and it’s a smart bet at that. With some 11,000 bank and financial services company clients, covering 200 million consumer accounts, Plaid is currently providing connections for 80 percent of the largest U.S. fintech apps. That’s no small market share — and that’s only the tip of the iceberg. Today, Plaid’s APIs are used by one in four people in the U.S. with a bank account — there’s tremendous opportunity for growth. In addition, this acquisition provides multiple opportunities for Visa. Here’s a look at some of those opportunities, thoughts on what’s ahead for Visa and for Plaid, as well as what we expect in the fintech market in the months ahead.
Accounting for Change: Why Finance Should Lead Technology Adoption
It’s difficult to discuss digital transformation without mentioning sales and marketing. Both business units are usually at the forefront of tech adoption due to their entrenchment in the customer-driven change market, while finance is sometimes left to swim on its own. However, if businesses want to achieve true digital transformation and remain competitive it’s imperative that finance and accounting keep …
How Blockchain Will Disrupt Banking
Blockchain will undoubtedly have an impact on the financial services industry and a big question today is how Blockchain will disrupt banking. Will Blockchain do for banking (and transactional services in general) what the internet did for media? How will banking evolve as Blockchain matures and continues to gain traction in the marketplace? Blockchain sounds complicated but at its most …
Top 5 Digital Transformation Trends – Financial Services
Forget online banking. If there was ever an industry where mobile is not just first but full-steam ahead, it’s the financial services industry, where FinTech—a.k.a. financial services technology—is finding new ways to make spending, managing, and investing our hard-earned money even easier than ever before. From Venmo to Apple Pay, we’re seeing more and more consumers moving to digital currency—digital …
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