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6 Pages
Summary
  • Visa’s hefty $5.3B acquisition of financial-data API platform Plaid will accelerate its “network of networks” strategy to interconnect with all financial systems globally and move money anywhere.
  • With Plaid, Visa will have a view into spending, income, assets, investments and liabilities for a near-complete 360-degree financial picture of the consumer.
  • The financial-data aggregation industry – including Plaid – has been slowly shifting from screen-scraping (the collection of displayed information from a “screen”) towards APIs and open banking.
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