Truist taps Plaid to expand open banking offerings

ChainWatcher · 2026-03-13T13:06:47+00:00

Truist and Plaid are enhancing open banking through improved financial control, a smoother login process, shared data indicators, and a new FDX-aligned API. Leaders from both companies emphasize the benefits of cooperative data sharing for clients.

ChainWatcher

2026-03-13 13:06:47

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Alongside the data sharing, the collaboration will include improvements to their offerings across open banking, such as:

*   Giving Truist clients increased financial control through Plaid and Truist networks
*   A smoother login process to reduce friction
*   Shared data and risk indicators from both Plaid and Truist networks
*   FDX-aligned API that will replace credential sharing and allow users more control over their connections

Head of digital, client experience and marketing at Truist, Sherry Graziano, commented: "By working together through cooperative data sharing, we’re offering clients improved financial control and insights. This is just one way we’re providing a secure, personalised banking experience that digitally empowers clients and small business owners with a broader view of their financial lives.”

Christy Sunquist, head of open finance at Plaid, added: “Together, the companies are expanding the capabilities of API connectivity and advancing data-driven innovation, including shared intelligence, to provide clients with secure and convenient access to their accounts.”

In February, Truist launched an AI-enabled receivables platform to improve cash visibility.

Plaid, which reached $8 billion valuation last month, announced yesterday that its users can now connect their brokerage account to Perplexity Computer.

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