22 June 2022

Royal Bank of Canada partners with Plaid on open banking

Written By FinTech Alliance

Royal Bank of Canada partners with Plaid on open banking

Open banking FinTech Plaid has partnered with Royal Bank of Canada (RBC) to offer API led connectivity.

In Brief: 

RBC customers will be able to share their financial data through an API. 

Data will be shared across the services on Plaid’s network. 

The data access agreement removes the need for credential sharing.

What does this mean?

RBC says the API integration will result in “increased security and better protection of clients’ privacy”. 

Read more here. 

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