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Bankjoy and Plaid team to offer secure account management for businesses

By Delisha Fernandes

July 24, 2023

  • account holders
  • Bankjoy
  • Credit Unions
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BankjoyBankjoy, an end-to-end digital banking provider, has partnered with Plaid, an open finance provider.

Through the partnership, businesses can now securely and seamlessly add accounts from other financial institutions and FinTechs to Bankjoy’s platform with Plaid’s account connectivity tool, giving business account holders a centralised place to view and manage their finances.

Bankjoy’s Business Banking platform is designed to deliver a superior digital banking experience for business and commercial account holders. By integrating with Plaid, financial institutions using Bankjoy’s Business Banking platform make it easier and more secure for businesses to connect multiple accounts from different financial institutions and third-party apps within Bankjoy’s digital platform.

Business account holders can also manage user permissions and securely add new users directly through the digital banking platform. Bankjoy’s partnership with Plaid transforms the way financial institutions engage the businesses within their local communities by giving account holders one place to access multiple accounts and manage their entire financial footprint via online and mobile banking.

With Plaid’s account connectivity capabilities, Bankjoy helps banks and credit unions to position their organisation as the preferred financial service provider for their business and commercial account holders.

Michael Duncan, CEO of Bankjoy, said, “At the same time, today’s account holders often use multiple apps and financial institutions to manage their finances, which makes enabling multi-account connectivity crucial. Bankjoy’s partnership with Plaid supports this, and we look forward to helping more financial institutions enhance the digital banking experience for their business customers and members.”

Collaborating with Plaid will further enhance Bankjoy’s Business Banking platform, making delivering truly feature-rich digital banking technology easier and more cost-effective for business and commercial account holders.

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