WaFd Bank Teams with Plaid to Give Banking Clients Secure Seamless Access to Financial Solutions

Rhea-AI Summary

Washington Federal, Inc. (Nasdaq: WAFD) has partnered with Plaid to enhance financial solutions for its clients. This collaboration allows WaFd Bank customers to securely access their banking data across over 6,000 applications through Plaid's API integration. The initiative aims to provide a seamless banking experience, empowering customers to manage their finances confidently. CEO Brent Beardall emphasized the bank's commitment to reliable digital tools, showcasing this partnership as part of their ongoing investment in modern banking capabilities.

Positive

• Partnership with Plaid enhances customer access to over 6,000 applications.
• Improves customer experience by offering a secure, seamless banking solution.
• Demonstrates commitment to investing in digital tools and capabilities.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Washington Federal, Inc. (Nasdaq: WAFD) (the “Company”), parent company of Washington Federal Bank, “WaFd Bank” today announced its partnership with Plaid, a data network that powers the tools millions of people rely on to live healthier financial lives to bring secure financial solutions to WaFd clients. By joining forces, WaFd and Plaid offer an API-based open finance experience delivering the data connectivity that consumers now expect to achieve financial wellness. Importantly, the choice will be with the individual banking customer to opt in to use the Plaid API integration into other applications.

“At WaFd Bank, our goal is to provide frictionless banking to our clients,” said Dustin Hubbard, Chief Technology Officer at WaFd Bank. “By working with Plaid, our clients are able to securely access their banking details from more than 6,000 different applications.” President and Chief Executive Officer Brent Beardall commented, “It’s our mission at WaFd Bank to give all clients the power to access their banking seamlessly and with confidence. This is yet another investment toward our commitment to provide the most current and reliable digital tools and capabilities in finance.”

Washington Federal Bank, a national bank with headquarters in Seattle, Washington, has more than 200 branches in eight western states. To find out more about WaFd Bank, please visit our website www.wafdbank.com. WaFd Bank uses its website to distribute financial and other material information about the Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419005998/en/

Brad Goode

Washington Federal, Inc.

425 Pike Street, Seattle, WA 98101

(206) 626-8178

Source: Washington Federal, Inc.

FAQ

What is the significance of the WaFd and Plaid partnership?

The partnership allows WaFd Bank clients to securely access their banking data across over 6,000 applications, enhancing financial solutions.

How does the Plaid API integration benefit WaFd Bank customers?

It provides a seamless experience, giving customers the choice to opt in to use their banking details securely in various applications.

What are the key benefits of WaFd Bank's collaboration with Plaid?

The collaboration improves customer access to financial tools and underscores WaFd's commitment to investing in modern digital banking solutions.

When was the partnership between WaFd Bank and Plaid announced?

The partnership was announced on April 19, 2024.