Mission Lane expands open finance partnership with Plaid

By Gloria Methri

US FinTech Mission Lane has expanded its partnership with data network Plaid to bring secure open finance solutions to its two million-plus customers.

The partnership leverages Plaid’s open finance API data connectivity solution, which will allow Mission Lane customers to connect their accounts to 7,000 apps and services powered by the Plaid network. These services include digital payments, financial planning, and investment tools which can help users improve their financial outcomes.

“In today’s world, consumers expect their finances to be seamless and at their fingertips. This is especially true for the many customers we work with who are trying to build or rebuild their financial lives and want to have a full picture of where they stand,” said Shane Holdaway, CEO, Mission Lane. “We are so excited to expand our partnership with Plaid, which will help us serve more consumers and offer a connected, open finance solution across our products.”

Plaid is excited to expand our partnership with Mission Lane to ensure that even more people will benefit from financial inclusion,” said Eric Sager, COO of Plaid. “The expanded partnership with Mission Lane will help millions of customers securely connect their accounts to the apps and services which will help those customers build the credit they need to lead healthier financial lives.”

Plaid and Mission Lane have a shared vision to advance financial access to all. With the partnership, Mission Lane now utilizes more than 10 Plaid solutions and services to help realize this mission, including Assets and Signal.

In addition to this, Mission Lane also leverages Plaid’s Investments, Liabilities, Transactions Refresh, Auth, Identity, and Balance solutions across the various products it services.