Interview with Zach Perret (Plaid CEO) | Fintech Insider at Money20/20

Confused about the Plaid-Visa acquisition? We’ve got you covered.
Listen to Fintech Insider’s talk with Plaid CEO Zach Perret. Recorded at Money 20/20 Amsterdam, the interview covers the company’s unique approach to APIs, its relationship with banks and how it stands out in the UK fintech landscape.
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[@XskiXedgeX]

I love that no one seems to understand anything this person just said, we all just want to know why they need our username and password that shouldn't be given to anyone, yet the like to dislike ratio looks like Plaid's stock. Great.

[@tonyking3138]

Interviewer: What is Plaid? CEO: Vague concept, vague concept, vague concept... Interviewer: Thank you... Now I totally understand.

[@donmugambi5442]

👍🏾

[@rareform6747]

Got to admit it was very hard to give all my banking info ...

[@helloworld7313]

Hard to make ppl understand plaid is just sending your password to your bank, they scared as hell to store your password too.

[@NormLegge]

A lot focused on fin tech and banking. But heard nothing about the security of actual user’s accounts. Doesn’t giving your bank user name and password access to a 3rd party essentially waive your FDIC insurance if something goes south?

[@davidlong2048]

Yes, what I want to hear is how safe is giving Plaid my banking info??????

[@charlespatterson8412]

:)

[@qutaibabs1]

i understood nothing.

[@Laissez_Faire]

Imagine there’s a capacitor and there’s a transistor; plaid is like the resistor between the two 😉

[@xit9148]

Why your company request my bank userid and password?fy

[@ericcuellar9549]

z is one sharp fella

[@GEN620]

Future perp walker

[@juan.velazquez]

Bought by visa for 5.5 billion USD 🙄

[@matinrazma]

This deal was blocked by On November 5, 2020, the United States Department of Justice filed a lawsuit seeking to block the acquisition, arguing that Visa is a monopolist trying to eliminate a competitive threat by purchasing Plaid. Visa said it disagrees with the lawsuit and "intends to defend the transaction vigorously."[29][30] On January 12, 2021, Plaid announced the proposed merger agreement had been officially terminated almost exactly a year after its initial public announcement of the deal.[31]

[@GEN620]

You steal data