Plaid announces new collaboration with FinTech Curve

By Megha Bhattacharya

California-based FinTech Plaid announced that it has teamed up with Curve in a bid to offer UK customers with a comprehensive knowledge of their finances, spending and ways to improve their overall financial wellbeing.

Plaid’s technology is expected to enable Curve’s customers to connect their payment accounts to UK-based financial institutions. The UK FinTech will also provide real-time account balances for every linked credit and debit card, which will automatically be refreshed upon signing into the app.

André Pinto, one of Curve’s Product Managers said, “This is the next step in Curve’s mission to become an all-in-one platform that aggregates your finances, and gives you the power to act on this knowledge. Being a major player in the Open Banking space, Plaid gives us the firepower to develop more products and innovate in lockstep with the fast-moving habits of our customers. At the end of the day, we also liked each other as people, and ended up spending more time together online than we did with our own families.”

Recently, Curve announced the establishment of a subsidiary in Lithuania. The new development is expected to help Curve to serve customers across the EEA, following the Brexit transition period end. The country was selected as the EEA base because of its AML capabilities, FinTech friendly regulator and varied workforce.

Curve consolidates users’ entire physical wallet (debit, credit and loyalty cards) into a smart card and app. It offers other benefits including spending notifications and categorisation, plus the ability to earn instant 1% cash back at the likes of Amazon, Uber, Netflix, Sainsbury’s, and Tesco.