Finicity Connect vs. Plaid

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Finicity Connect
Score 8.8 out of 10
N/A
Finicity Connect, now from Mastercard, is a fintech software that aims to make the consumer permissioning process simpler and faster. Finicity Connect links to the vast majority of financial institutions, providing an open banking APIs designed to put consumers in control of their financial data for additional security.N/A
Plaid
Score 9.0 out of 10
N/A
Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.
$500
per month
Pricing
Finicity ConnectPlaid
Editions & Modules
No answers on this topic
Scale
500+
per month
Test
Free
Launch
Pay as you go
Offerings
Pricing Offerings
Finicity ConnectPlaid
Free Trial
NoNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsContact sales team for additional pricing. There may be one-time fees, subscription fees, per-request flat fees, or payment initiation fees depending on your needs.
More Pricing Information
Best Alternatives
Finicity ConnectPlaid
Small Businesses

No answers on this topic

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Score 9.2 out of 10
Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
Apple Pay
Apple Pay
Score 9.0 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
Adyen
Adyen
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Finicity ConnectPlaid
Likelihood to Recommend
10.0
(1 ratings)
10.0
(1 ratings)
User Testimonials
Finicity ConnectPlaid
Likelihood to Recommend
Mastercard
It's a very comprehensive and plenty of features as compared to its competitors. I like how it shorten the time it takes to verify account details, monitor balances or create verification reports easily. I like how it makes the consumer permission process super simple and intuitive and makes them fast to data needed to provide service instantly.
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Plaid
Plaid is extremely well suited to be your payment API if you're a start-up looking to scale your banking connections fast and securely. Their API is fully functional upon integration. Most end-users have encountered Plaid before so it's a trusted platform for many consumers so even if you're a new app, users feel comfortable connecting their bank through Plaid.
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Pros
Mastercard
  • Free access to our API endpoints.
  • Helps to connect supports the TSP protocol to secure our user credentials when accessing information from our financial institutions.
  • Integrate and connect anywhere within our web or mobile app using iFrame.
  • Connect SDK resources for both web and mobile apps.
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Plaid
  • Plaid connects with 100s of US consumer banks.
  • Plaid continuously updates its software to meet the requirements of individual banks.
  • Plaid can get your company's payment processing up and running faster than traditional methods.
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Cons
Mastercard
  • Some features are complicated. Needs more training.
  • The Finicity Connect API documentation is not available in all areas.
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Plaid
  • Consumer feedback or troubleshooting typically comes back to us because Plaid doesn't have an easy way of re-routing support once a user encounters a problem.
  • Update timelines could be clearer when they are working on updating a connection with a certain bank.
  • The search functionality for the user to find their bank could be a little more robust.
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Alternatives Considered
Mastercard
It allows our customers to grant Finicity authorisation and use of their account credentials to access their financial data. I like how it integrate Connect anywhere within our web or mobile apps using iFrame. Connect SDK resources for both web and mobile apps. Add more Security features to our clients data. The support is great for all our needs.
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Plaid
No answers on this topic
Return on Investment
Mastercard
  • Insights into customer-focused fintech innovation.
  • Phenomenal end-users experience.
  • Highest level security for our clients data.
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Plaid
  • Plaid got us up and running with most US-based and even some international banks with minimal engineering effort.
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ScreenShots