Plaid Acquisition of Quovo Just the Beginning in Data Aggregation

Plaid’s recent acquisition of competitor Quovo is helping to set the stage for a new chapter in data aggregation; David Jegen of F-Prime Capital recent explained in a blog post according to Forbes, “I believe the combined Quovo-Plaid will become the data access layer in the new financial services tech stack,”; the open banking initiative in Europe is also playing a role as consumers what more access and control of data; Jegen goes on to say that eventually we will get to a world where digital dashboard exist and Plaid could end up being a forward facing brand; there are a lot of potential minefields along the way with regulation, banks potentially creating their own products and more M&A that could create a new industry leader. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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