Skyflow partners with Plaid to help fintechs prioritize privacy

Today Skyflow announced a partnership with Plaid a data network that powers millions of people’s financial tools. This partnership will make it simpler than ever to create applications that use data privacy infrastructure through an API. This brings together Plaid’s market-leading network of over 12,000 financial institutions with Skyflow’s unique Data Privacy Vault offering, making it easy for customers to build powerful fintech applications with best-of-breed data privacy, security, and compliance. Together with Skyflow’s and Plaid’s developer-first approaches to digital finance and privacy, customers can focus on building, bringing to market, and scaling their core products.

Plaid allows fintechs and financial institutions to allow their customers to seamlessly connect their accounts and share financial information. With the resulting influx in PII that fintechs have to offer services to their users, comes a new challenge: How to protect and store this sensitive information. Skyflow and Plaid offer a simple solution. Skyflow will be a Plaid Data Privacy Solutions Partner and offer pre-built connections with Plaid products, as well a vault schema that is pre-defined for Plaid customers. This schema allows developers and users to know that financial data from Plaid will be safely stored in the Skyflow Data Privacy Vault.

Skyflow is a data privacy platform that was built by developers and made easy for developers to use. Skyflow already has the infrastructure in place for supporting a number partners in Plaid, including integrations to Visa, Moov and Marqeta.

“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,” Skyflow CEO Anshu Sharma. “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,” Paul Williamson, Head 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 fintech data privacy solution

Skyflow’s first zero-trust Data privacy vault is available as an API. Skyflow has also achieved Level 1 PCI compliance. It can be deployed quickly and provides a complete, customizable solution for Compliance, Data Security, Governance, Global Data Residency, Secure Data Sharing and Analytics, and Encryption/Tokenization.

Skyflow’s Data Privacy Vault supports modern financial services use cases, including:

  • Onboarding of Customers
  • Customer Data Management
  • Money Movement
  • Card Acceptance and Card Issuance
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