Plaid launches Gateway Partner Program to drive open banking compliance

Plaid has launched its Gateway Partner Program, aiming to drive open banking compliance in the financial services industry. The program addresses the urgent need for scalable and streamlined solutions to meet regulatory standards set by Section 1033 rule. Partners of the program have been vetted for their ability to rapidly implement FDX-aligned APIs and integrate with Plaid's network, ensuring a smooth transition to compliance requirements across all third parties and use cases. The partnership with Ninth Wave as the inaugural preferred gateway partner aims to bring together secure connectivity and scalable compliance, enabling financial institutions to not only meet but exceed Section 1033 demands. Plaid's commitment to building a secure and scalable partner program underscores its vision for an open, transparent financial system that benefits all.