1st Security Bank Announces Their Partnership with Plaid to Simplify Online Account Opening

Rhea-AI Summary

1st Security Bank, located in Mountlake Terrace, Washington, announced its partnership with Plaid, a fintech company, on April 26, 2022. This collaboration aims to enhance the bank's online account opening process by providing customers with a secure and quick way to access their financial data and verify their identity. Brooke Allan, VP of Digital Products, emphasized the commitment to improving customer experience through technology. With this partnership, the bank seeks to offer a seamless and efficient onboarding tool for new account holders.

Positive

• Partnership with Plaid enhances online account opening process.
• Provides customers secure and quick access to financial data.

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• None.

MOUNTLAKE TERRACE, Wash., April 26, 2022 /PRNewswire/ -- 1st Security Bank ("the Bank") announces that it has entered a partnership with Plaid, a financial technology company that provides customers with a fast and secure way to access their financial data and quickly verify their identity to fund accounts opened through the Bank's online account opening portal.

"We're pleased to provide this enhanced onboarding tool to the online account opening process," said Brooke Allan, Vice President of Digital Products. "This partnership is part of an ongoing commitment to improve our customers' banking experience through financial technology and provide them with secure and seamless access to their financial data."

ABOUT PLAID
Plaid is focused on creating a better experience for financial customers through technology. They have established integrations for over 12,000 financial institutions and 5,500 fintech (financial technology) applications. They build "beautiful consumer experiences, developer-friendly infrastructure, and intelligent tools" that help customers and institutions create user friendly solutions.

ABOUT 1ST SECURITY BANK OF WASHINGTON
1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty-one branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area, Vancouver, and the Tri-Cities. FS Bancorp, Inc., a Washington corporation, is the holding company for the Bank.

MEDIA CONTACT
Donna Jacobson
VP, Director of Marketing
P: (425) 697-8086
E: donna.jacobson@fsbwa.com

View original content:https://www.prnewswire.com/news-releases/1st-security-bank-announces-their-partnership-with-plaid-to-simplify-online-account-opening-301532820.html

SOURCE 1st Security Bank

FAQ

What is the partnership between 1st Security Bank and Plaid?

1st Security Bank has partnered with Plaid to enhance their online account opening process by allowing customers to securely access financial data and verify their identity.

When was the partnership between 1st Security Bank and Plaid announced?

The partnership was announced on April 26, 2022.

How does the partnership with Plaid benefit 1st Security Bank customers?

The partnership allows customers to enjoy a fast and secure onboarding experience when opening accounts online.

What services does 1st Security Bank provide?

1st Security Bank offers loan and deposit services at its branches, along with mortgage services in the greater Puget Sound area.

What is Plaid known for?

Plaid is known for providing financial technology solutions that enable secure access to financial data and identity verification for over 12,000 financial institutions and 5,500 fintech applications.