Stripe, a financial infrastructure platform for businesses, today launched Stripe Financial Connections, enabling businesses to establish direct connections with their customers’ bank accounts that power a wide range of financial processes. Businesses can use Financial Connections to verify accounts for payments & payouts, check balances to reduce payment failures, & cut fraud by confirming bank account ownership.
From partners to competitors: what Stripe’s latest move means for Plaid – techcrunch.com
and the company says it will give Stripe’s customers a way to connect directly to their customer’s bank accounts, to access financial data to speed up or run certain kinds of transactions. If this sounds familiar, it’s because it is pretty much exactly what another fintech giant, Plaid, already does.
Link: From partners to competitors: what Stripe’s latest move means for Plaid
via techcrunch.com
