Plaid is currently investigating a service disruption impacting new connections to Bank of America. The company has classified the incident as major and has notified Bank of America of the issue.
Plaid provides financial data connectivity infrastructure used by thousands of fintech apps and services to securely access banking information. The company's platform enables connections between consumer financial accounts and third-party applications.
According to Plaid's status page, the company is actively working to root cause and resolve the connectivity issue as quickly as possible. No additional details on the scope or duration of the disruption have been provided.
This is a developing story. We'll update as more information becomes available.