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Fintech

US open-banking fintech Plaid confirms UK launch

The company says it can offer customer account information from eight of the UK’s biggest banks

Plaid, the US fintech company valued at $2.7bn, has formally announced its entry into the UK market.

As reported by Financial Newson May 1, the company has been hiring senior managers to lead its European operations. Plaid now says that it will recruit more than 25 people by 2020, and has opened its first UK office. It is also plotting an expansion into mainland Europe.

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