Mastercard Open Banking (formerly Finicity) vs Plaid: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Plaid has the broader connectivity footprint (59 vs 6 countries of bank coverage), and they overlap on 5 shared markets.
Mastercard Open Banking (formerly Finicity) vs Plaid at a glance
| Mastercard Open Banking (formerly Finicity) | Plaid | |
|---|---|---|
| Headquarters | US | US |
| Market focus | Multi-region | North America and Europe |
| Countries covered | 6 | 59 |
| Institutions tracked | 4,351 | 9,706 |
| Account data (AIS) | ||
| Payments (PIS) | — | |
| Verification | ||
| Regulated | US | FCA, PSD2 |
| Sandbox | ||
| Pricing model | Custom / enterprise quote | Usage-based: per-connected-account + per-request; Pay-as-you-go / Growth / Custom |
| Free production tier | — | — |
| Developer portal | ||
| Sources | ||
| View Mastercard Open Banking (formerly Finicity) | View Plaid |
Mastercard Open Banking (formerly Finicity) vs Plaid: bank coverage overlap
Mastercard Open Banking (formerly Finicity) and Plaid share 5 markets where both connect to banks. Mastercard Open Banking (formerly Finicity) additionally reaches 1 markets Plaid does not (PR), while Plaid reaches 54 markets Mastercard Open Banking (formerly Finicity) does not (AD, AE, AL, AZ, BD, BE, BG, BR…).
Coverage figures are derived from verified per-bank connectivity data tracked on Open Banking Tracker, not provider marketing claims. See the coverage explorer for the full breakdown by continent.
Choose Mastercard Open Banking (formerly Finicity) if…
- you prefer a provider headquartered in the United States
Choose Plaid if…
- you need the widest country coverage (59 markets)
- you want the largest number of connected institutions (9,706)
- your focus market is North America and Europe
- you prefer a provider headquartered in the United States
Frequently asked questions
What is the difference between Mastercard Open Banking (formerly Finicity) and Plaid?
Mastercard Open Banking (formerly Finicity) vs Plaid: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Plaid has the broader connectivity footprint (59 vs 6 countries of bank coverage), and they overlap on 5 shared markets.
Which has wider bank coverage, Mastercard Open Banking (formerly Finicity) or Plaid?
Plaid has wider coverage, reaching 59 countries versus 6 for Mastercard Open Banking (formerly Finicity). They overlap on 5 shared markets.
Can I use both Mastercard Open Banking (formerly Finicity) and Plaid?
Yes. Many teams use more than one open banking aggregator — for example one for its strongest region and another for fallback coverage or specific institutions. Both Mastercard Open Banking (formerly Finicity) and Plaid expose account information (AIS) and payment initiation (PIS) APIs that can run in parallel.