Plaid is a vendor Flex uses to connect to your bank account so that we can create a secure connection between your financial institution and Flex. It is likely that you are already using Plaid to connect to other applications such as Venmo or Robinhood.
There are two main reasons why we use Plaid:
Secure - Transfer of your bank data is encrypted end-to-end.
Private - Your credentials will never be made accessible to Flexbase.
If you want to know more about Plaid, click this link.