• Home
  • Banking
  • InsurTech
  • RegTech
  • WealthTech
  • LendTech
  • InvestTech
  • Payments
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
  • UK FinTech Awards
  • US FinTech Awards
  • EU FinTech Awards
  • Asia FinTech Awards
  • LATAM FinTech Awards
  • Africa FinTech Awards
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
  • Home
  • Banking
  • InsurTech
  • RegTech
  • WealthTech
  • LendTech
  • InvestTech
  • Payments
FinTech Intel
Home News BankTech Plaid teams up with Microsoft as Fortune 100s focus on fintech
  • News
  • BankTech
  • FinTech

Plaid teams up with Microsoft as Fortune 100s focus on fintech

Money in Excel now features a Plaid integration that allows users to securely connect their financial accounts, import the data within them, and sync balances and transactions over time

By
Mark Dugdale
-
March 31, 2020
0
685
Plaid teams up with Microsoft as Fortune 100s focus on fintech
A 'Monthly Snapshot' sheet features personalised charts and graphs based on users' data to help them better understand their spending habits

Plaid, whose APIs connect third-party platforms with bank accounts, has teamed up with Microsoft to turn Excel into a fintech app—and the company revealed that it’s talking to more than 25% of Fortune 100 companies about serious fintech initiatives.

Money in Excel now features a Plaid integration that allows users to securely connect their financial accounts, import the data within them, and sync balances and transactions over time.

Plaid has provided the permissioned connection to financial accounts via Plaid Link directly within the Microsoft Money in Excel.

After linking their accounts, a user will have access to their balance and transaction history, providing an up-to-date and holistic financial picture. Plaid said it connects to 11,000 institutions across the US, Canada, and Europe, opening up a significant user base for Microsoft.

Marc Andrusko, head of growth at Plaid, wrote in a blog post: “Since the beginning, Plaid’s mission has been to make money easier for everyone, and that mission isn’t reserved for just financial services. Money in Excel is a really interesting example of the type of experience we can expect to see more of in the future. Money in Excel will start to become available in the US in the coming months.”

Writing separately, Plaid chief operating officer Eric Sager cited the partnership with Microsoft as evidence that every company can “become a fintech company in some way”, particularly “in light of what’s going on in the world”.

He wrote: “During this crisis people are learning new digital habits which may have long-lasting effects on consumer behavior. In many ways, the situation is shining a light on areas that need better experiences for consumers. We believe every company will become a fintech company in some way and that delivering financial services is no longer the sole domain of the traditional providers.”

“For example, Microsoft today announced new capabilities for Microsoft Excel that signals the types of fintech experiences we can expect non-financial services companies to deliver in the years ahead.”

He went on to reveal that Plaid is talking to more than 25% of Fortune 100 companies about serious fintech initiatives.

“Like Microsoft, many of these larger, tech-forward companies have little to no role in financial services today, but will likely help shape our fintech reality for decades to come given their consumer footprint.”

  • TAGS
  • API
  • Bank account
  • Banking
  • BankTech
  • Excel
  • FinTech
  • Integration
  • Microsoft
  • Microsoft Excel
Previous articleTink acquires Eurobits for €15.5 million
Next articleBen Brabyn exits Level39 as Amy French steps up to lead fintech accelerator
Mark Dugdale
Mark Dugdale is editor of FinTech Intel. Mark welcomes articles, stories and feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk

RELATED ARTICLESMORE FROM AUTHOR

Crypto fintech Zumo appoints Jonathan Sepulchre to new head of growth role

Crypto fintech Zumo appoints Jonathan Sepulchre to new head of growth role

Santander moves core banking platform the cloud

Santander moves core banking platform the cloud

Airwallex appoints new EMEA GM to continue regional growth

Airwallex appoints new EMEA GM to continue regional growth

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,992.00
2.29%
ethereum
Ethereum (ETH)
$2,020.54
2.48%
ripple
XRP (XRP)
$0.421453
2.40%
litecoin
Litecoin (LTC)
$71.79
3.03%
tezos
Tezos (XTZ)
$1.93
9.46%
eos
EOS (EOS)
$1.36
5.60%

Subscribe to FinTech Intel

Subscribe to the latest news and views from the world of FinTech!

* indicates required

Trending in FinTech Right Now

  • Crypto fintech Zumo appoints Jonathan Sepulchre to new head of growth role
  • Santander moves core banking platform the cloud
  • Wealthtech TIFIN raises $109m to pursue continued growth
  • Airwallex appoints new EMEA GM to continue regional growth
  • Global identity verification provider ID-Pal launches in the UK

Browse by Section

  • BankTech
  • Corporate Finance
  • Events
  • FinTech
  • Guest editorial
  • InsurTech
  • Interviews
  • InvestTech
  • LendTech
  • News
  • Payments
  • People moves
  • RegTech
  • Sponsored editorial
  • Uncategorized
  • WealthTech
ABOUT US
The publishing and market intelligence platform for global fintech and financial services innovation. FinTech Intel is a forward thinking provider of market information, news and reports for the expansive and fast growing global fintech industry. FinTech Intel are also the proud organisers of The UK FinTech Awards, EU FinTech Awards, US FinTech Awards and the Asia FinTech Awards.
FOLLOW US
  • Privacy Policy
  • Advertising Policy
© 2022 Copyright Barker Brooks Communications Ltd. All Rights reserved.