By Daniel Lanyon on Tuesday 31 March 2020
Your spreadsheet is becoming a fintech app, if you want it to, and you don't need to know how to do pivot tables.
The 750 million users of Microsoft Excel can now plug in some fintech to their spreadsheets, thanks to Plaid. The two companies have teamed up to offer link your bank accounts directly to you Excel.
Money in Excel is the name of the new service powered by Plaid. According to a blog post by the firm, it allows users to “securely connect their financial accounts, import the data within them, sync balances and transactions over time, and, ultimately, gain greater insights into their financial health.”
Plaid, which was the stellar fintech deal of the year so far when it was acquired by Visa for $5.3bn, provides the connection - when you give it the permission - to financial accounts via Plaid Link from directly within the Microsoft Money in Excel.
After linking their accounts, you get access to your balance and transaction history, from 11,000 institutions across the US, Canada, and Europe. In the US, Plaid says it supports nearly every institution from the major retail banks to community credit unions.