Backbase and Plaid have partnered to integrate Plaid’s real-time financial data connectivity with Backbase’s AI-powered banking platform. This addresses data fragmentation and legacy system silos that hinder personalization and onboarding. The pre-integrated solution allows banks to aggregate permissioned account data and accelerate customer onboarding. It also delivers AI-driven, 360-degree financial insights without complex custom integrations. The collaboration lowers technical barriers for incumbent banks to launch open finance at scale. Adoption will still depend on implementation speed and managing regional compliance and operational complexity.
Backbase and Plaid Partner to Bring Open Finance to AI-Powered Banking
