Curve adds full account aggregation with the help of Plaid

By Oliver Smith on Wednesday 16 December 2020

Digital Banking

From today customers will be able to see their balance as well as spend.

Curve adds full account aggregation with the help of Plaid
Image source: Curve.

All-your-cards-in-one fintech Curve today took another step towards becoming a one-stop-shop for consumer finance, through an Open Banking partnership with Plaid.

The integration of Plaid means Curve customers can now not only add their cards to Curve, but also link their bank accounts giving them an overview of their accounts in one place.

It also means customers can bypass their existing banking apps entirely, as they no longer need to check their balances in a different app.

We’re joining forces with Curve to help give people in the UK a holistic view of their money, make the most of their spending, and improve their overall financial wellbeing—particularly amid a tough economic climate for many,” wrote Plaid’s head of international Keith Grose in a blog about the announcement.

“The result is a better understanding of spending habits across all accounts and cards, instant notifications after every use, and the ability to track old transactions.”

Plaid indicated that this feature is the first of many being worked on with Curve, with a hint that more financial data possibly including pensions and investments will arrive “in the coming years”.

Curve is currently also hard at work with the launch of its Curve Credit offering, coming soon, which will let its customers split purchases in the way that they might currently do with a Klarna or ClearPay.

In October Curve picked Thought Machine’s Vault as the core banking platform behind Curve Credit, and appointed Henry Kenner as a non-executive director of the project.

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