TD Bank Group And Plaid Enter Into North American Data-Access Agreement
Portfolio Pulse from Benzinga Newsdesk
TD Bank Group (TD) has entered into a data-access agreement with Plaid to enhance data security for TD customers in North America. This agreement allows secure connection to Plaid's network of over 8,000 apps and services without sharing login credentials. TD's commitment to secure and transparent digital experiences is further evidenced by previous agreements with Finicity, Akoya, and Envestnet | Yodlee, and participation in the Financial Data Exchange (FDX).
December 14, 2023 | 6:05 pm
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TD Bank Group's agreement with Plaid is expected to enhance customer trust and satisfaction by providing a more secure and convenient digital experience.
The agreement with Plaid is likely to be viewed positively by customers and investors, as it addresses growing concerns about data security and privacy. This could lead to increased customer retention and attract new customers looking for secure banking solutions, potentially having a positive impact on TD's stock in the short term.
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