This way, the financial apps never access your information, relying instead on Plaid to supply it for them. Apps, like Venmo and Robinhood, use Plaid to securely link their users’ accounts to their own platforms. Plaid is a financial technology company that serves as the middle man between financial services and their users. Here’s what you need to know about Plaid: Plaid is a reputable company that uses encryption and industry-standard security measures to protect your information. So you’re asked to share your banking information and alarm bells in your head start ringing - as they should! The good news, though, is that, if the financial app you’re using is powered by Plaid, it’s safe to use. "When using financial apps, I’m often redirected to the Plaid network and asked to give personal information.
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