Plaid CEO Zach Perret: Plaid’s Next Chapter in the AI Era, ‘Fintech Spring,’ and Mastering Fintech Hiring
This Week in Fintech's Podcast
Empowering Finance Through Digital Transformation
The inception of Plaid was driven by the realization that traditional financial services failed to meet the needs of a digitally connected world. Many people, especially in rural areas, experienced significant barriers to obtaining financial products due to limited access to physical banks. Post-2008 financial crisis sentiments reflected a broad consumer frustration with traditional banks, which were perceived as unhelpful and out of touch. The goal of Plaid was to facilitate a shift from in-branch banking to a fully digital banking ecosystem, promoting the rise of numerous fintech companies that cater to a wider audience. Currently, a significant portion of the US population actively engages with fintech products, highlighting a successful transition towards more accessible financial services.
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