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OPEN BANKING AND APIs

KEY VENDOR : PLAID INC CEO : ZACH PERRET PLATFORM : PLAID

The open banking revolution presents significant opportunities for financial innovation and collaboration . CFOs must explore how open banking and APIs can enhance financial operations , improve cash management and streamline payment processes . This trend also opens new revenue streams and partnerships , transforming traditional business models .

However , CFOs need to navigate the regulatory landscape and address security concerns when sharing sensitive financial data with third-party providers . Balancing innovation with risk management is essential , requiring collaboration with IT and legal teams to ensure compliance and protect data integrity . Zach Perret , CEO , Plaid

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Plaid ’ s Mission

44 January 2025