Truist and Plaid Forge Data Access Agreement to Enhance Client Experience
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
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Should l Buy TFC?
Source: Newsfilter
- Data Access Agreement: Truist Financial and Plaid have established a data access agreement aimed at providing clients with enhanced financial control and insights through secure open banking access, thereby improving client experience and trust.
- User Experience Optimization: The new agreement simplifies the login process, significantly reducing friction in the digital banking journey for clients, saving time and enhancing the experience for returning users, which in turn boosts customer loyalty.
- Security Enhancement: Shared data and risk indicators from both companies will improve security, utilizing an FDX-aligned API to replace credential sharing, allowing clients to securely manage or revoke connections and mitigate potential fraud risks.
- Innovation Capability Expansion: This partnership combines Truist's commitment to client-centric innovation with Plaid's leading data network, advancing API connectivity and data-driven innovation to provide clients with secure and convenient access to their accounts.
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Analyst Views on TFC
Wall Street analysts forecast TFC stock price to rise
17 Analyst Rating
10 Buy
6 Hold
1 Sell
Moderate Buy
Current: 44.530
Low
50.00
Averages
55.93
High
64.00
Current: 44.530
Low
50.00
Averages
55.93
High
64.00
About TFC
Truist Financial Corporation is a financial services company. As a commercial bank, it offers a range of products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). CSBB segment serves retail, premier, and small business clients, providing transaction, money market, savings, time deposits and payment services, credit cards, loans, and mortgages through digital banking, a network of community banking branches, ATMs, virtual service centers, and other channels. WB segment provides a comprehensive set of products, solutions, and advisory services to commercial, corporate, institutional and wealth clients. It also invests in certain affordable housing, new market tax credit, and renewable energy tax credit investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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