Plaid puts Quovo acquisition right to work with new investments product
Summary
When Plaid acquired Quovo earlier this year, it was clear the company wanted to move beyond checking and savings data to a broader view of investments. It shouldn’t come as a surprise that a lot of our customers want the full 360-degree view of their clients,” Putnam told TechCrunch. “With connectivity to investment accounts, Plaid can serve a whole new set of use cases to enable developers, technology platforms, and financial institutions to deliver more insightful and compelling products,” the company wrote in a blog post announcing the new product. He says the two companies recognized the power of bringing this kind of information into any financial application, even before the acquisition, and they have been working hard to make it happen since. “We realized that we have the opportunity to bring Quovo’s investment data expertise into the Plaid API stack, and do that with all of the tweaks and changes and enhancements that we’ve both been thinking about for the past several years,” he said.
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