PALO ALTO, Calif.–(BUSINESS WIRE)–Today Skyflow introduced a partnership with Plaid, a data community that powers the instruments thousands and thousands of individuals depend on to reside more healthy monetary lives. The partnership will make it simpler than ever for builders to construct functions with data privacy infrastructure through a easy API. This brings collectively Plaid’s market-leading community of over 12,000 monetary establishments with Skyflow’s distinctive Data Privacy Vault providing, making it straightforward for purchasers to construct highly effective fintech functions with best-of-breed data privacy, safety, and compliance. Together with Skyflow’s and Plaid’s developer-first approaches to digital finance and privacy, clients can concentrate on constructing, bringing to market, and scaling their core merchandise.
With Plaid, fintechs can allow their customers to seamlessly join their monetary accounts to share monetary data. The ensuing inflow of PII that allow fintechs to offer companies to their customers additionally presents a brand new job: tips on how to shield and retailer that delicate data. This partnership between Skyflow and Plaid provides a easy answer. As a Plaid data privacy options accomplice, Skyflow will supply pre-built connections to Plaid merchandise and a predefined vault schema for Plaid clients. With this schema, builders and customers can know that the accessed monetary data through Plaid will probably be securely saved within the Skyflow Data Privacy Vault.
Designed by builders for builders, Skyflow makes it straightforward to implement a world-class strategy to data privacy with out sacrificing usability or a ton of sources. Skyflow additionally has present infrastructure in place to assist various companions within the Plaid ecosystem, together with pre-built integrations with Visa, Moov, Marqeta and extra.
“Plaid and Skyflow have a similar goal of providing developers the tools they need to bring their products to market quickly, without spending time and resources on vital but ancillary functionality,” says Anshu Sharma, CEO of Skyflow. “Helping keep financial data secure is more important than ever, and building privacy infrastructure from scratch has traditionally been really complex. This custom integration will make the implementation of Plaid and Skyflow easier than ever for developers.”
“Security is a pillar of Plaid. It is at the heart of every app and service we power,” said Paul Williamson, Head of Revenue at Plaid. “Partners like Skyflow enhance the security of the fintech ecosystem. Through this partnership, Plaid customers and developers can continue to build financial products knowing the data they access is stored safely and securely.”
A data privacy answer designed for fintech
Skyflow provides the primary zero-trust Data Privacy Vault delivered as an API and simply final month Skyflow achieved Level 1 PCI compliance. It will be deployed shortly and gives a whole, customizable answer for Compliance, Data Security, Governance, Global Data Residency, Secure Data Sharing and Analytics, and Encryption/Tokenization.
Skyflow’s Data Privacy Vault helps fashionable monetary companies use instances, together with:
- Customer Onboarding
- Customer Data Management
- Money Movement
- Card Issuance and Acceptance
Founded in 2019, Skyflow is a data privacy vault for delicate data. Our founders needed to radically remodel how companies deal with their customers’ monetary, healthcare and different private data — the data that powers the digital financial system. Inspired by the data vaults that leaders like Apple and Netflix constructed to deal with buyer data, our imaginative and prescient was to ship the identical type of data privacy vault as a easy and stylish API, one thing any developer may simply construct into their software, the identical manner they use Stripe, Twilio, or Okta. Skyflow relies in Palo Alto, California, with places of work in Bangalore, India. For extra data, go to http://www.skyflow.com or comply with on Twitter and LinkedIn.