Truist Expands Open Banking Capabilities with Plaid

Industry-leading partnership will empower consumer and small business clients with streamlined client experience and more control over financial data

Mar. 12, 2026 at 5:03pm

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Truist Financial Corporation and Plaid Inc. have announced a data-access agreement that will expand secure open banking access for Truist clients, delivering increased control over their finances. The partnership includes joint product enhancements and architectural improvements designed to improve data quality, support continued innovation across the open banking ecosystem, and help clients combat fraud.

Why it matters

This partnership between Truist and Plaid aims to provide Truist's clients, including consumers and small businesses, with more control and insights over their financial data through secure open banking access. It highlights the growing importance of open banking and data-driven innovation in the financial services industry.

The details

The agreement will leverage Truist and Plaid's existing networks to give clients increased financial control and insights, with a simplified returning user experience, shared data and risk indicators to improve security, and greater transparency and control through an FDX-aligned API that replaces credential sharing. The companies are also working on joint product enhancements and architectural improvements to advance data-driven innovation.

  • The data-access agreement was announced on March 12, 2026.

The players

Truist Financial Corporation

A purpose-driven financial services company headquartered in Charlotte, North Carolina, with leading market share in many high-growth U.S. markets. Truist offers a wide range of products and services through wholesale and consumer businesses.

Plaid Inc.

A global data network that powers the tools millions of people rely on to live healthier financial lives. Plaid works with thousands of companies, including fintechs, Fortune 500 companies, and many of the largest banks, to empower people with more choice and control over how they manage their money.

Sherry Graziano

Head of Digital, Client Experience and Marketing at Truist.

Christy Sunquist

Head of open finance at Plaid.

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What they’re saying

“By working together through cooperative data sharing, we're offering clients improved financial control and insights. This is just one way we're providing a secure, personalized banking experience that digitally empowers clients and small business owners with a broader view of their financial lives. By delivering modern, integrated digital banking through open banking, we're able to deepen relationships and build trust.”

— Sherry Graziano, Head of Digital, Client Experience and Marketing (Truist)

“This partnership combines Truist's commitment to client-centric innovation with Plaid's leading data network to deliver industry-defining experiences. Together, the companies are expanding the capabilities of API connectivity and advancing data-driven innovation, including shared intelligence, to provide clients with secure and convenient access to their accounts.”

— Christy Sunquist, Head of open finance (Plaid)

The takeaway

This partnership between Truist and Plaid highlights the growing importance of open banking and data-driven innovation in the financial services industry, as banks and fintech companies work together to empower consumers and small businesses with more control and insights over their financial data through secure and convenient access.