Arrangement allows PNC customers to more
safely, securely permission financial data to Plaid powered
apps and services
PITTSBURGH, Sept. 20,
2024 /PRNewswire/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) and Plaid have entered into a bilateral
data access agreement that will enable PNC customers nationwide to
more safely and securely connect and share financial data to their
chosen financial applications through Plaid. PNC uses Akoya as its
API service provider to provide PNC customers' financial
information to all data recipients.
"Through this new partnership with Plaid, PNC customers will be
able to achieve greater data security, privacy, and control while
using the third-party financial apps and services they enjoy," said
Natalie Talpas, executive vice president, Digital and Payments at
PNC. "PNC's use of its Akoya-provided API allows for all data
recipients, including Plaid, to get connected fast, while also
enabling customers to reliably control what financial data they are
permissioning without having to share their login credentials with
third parties."
"We are pleased to have reached a data access agreement with PNC
that further supports their customers securely connecting to
applications and services powered by Plaid," said Christy Sunquist, head of Open Finance
Partnerships at Plaid. "Moving the industry away from
credential-based access is a top priority for Plaid, and our
alignment on key principles around security, access and control
played a definitive role in establishing this partnership. We look
forward to future collaboration for many years to come."
Together, PNC and Plaid are proud to continue supporting PNC
customers in their ability to have more control over the solutions
they use to lead a healthy financial life.
About PNC:
The PNC Financial Services Group, Inc. is
one of the largest diversified financial services institutions
in the United States, organized
around its customers and communities for strong relationships and
local delivery of retail and business banking including a full
range of lending products; specialized services for corporations
and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
About Plaid:
Plaid powers the tools millions of people
rely on to live a healthier financial life. Plaid's ambition is to
facilitate a more inclusive, competitive, and mutually beneficial
financial system by simplifying payments, revolutionizing lending,
and leading the fight against fraud. Today, thousands
of companies including the largest fintechs, several of the Fortune
500, and many of the largest banks use Plaid to empower people with
more choice and control over how they manage their money.
Headquartered in San Francisco,
Plaid's network spans over 12,000 institutions across the US,
Canada, UK and Europe.
CONTACTS
PNC
Kristen
Pillitteri
(412) 762-4550
media.relations@pnc.com
PLAID
Freya
Petersen
press@plaid.com
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SOURCE The PNC Financial Services Group, Inc.