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Plaid Product Teardown: An API-First Platform for the Fintech Stack

  • Plaid, an API-first platform, connects users' bank accounts to apps like Venmo and Robinhood.
  • Plaid reverses-engineers legacy banking systems, normalizes data, and provides a secure API.
  • Plaid's developer-first approach includes tools like the Link SDK, sandbox environment, and tokenized auth.
  • Plaid's core strength lies in its abstraction layer and trust mechanics, but future challenges include offering richer insights and customization.

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