FCA, Topia & Plaid
The Financial Conduct Authority (FCA) is the UK financial services conduct regulator. The FCA regulates, amongst other types of firms, payments service providers that operate within the open banking industry.
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Plaid Financial Ltd (Plaid) is our open banking integration partner. They focus on democratizing financial services through technology, providing leading-edge open bankings services enabling consumers to effortlessly connect and monitor multiple bank accounts in one place. Plaid was chosen as Topia’s integration partner due to their stellar reputation, professionalism and high emphasis on data security. Plaid is at the forefront of the open banking industry and is a trusted partner in Topia’s journey to revolutionise how our users track and monitor their progress to Financial Independence.
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Plaid Financial Ltd. is an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Registration Number: 804718) for the provision of payment services.
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Open banking plays an important role in Topia, allowing our users to track and monitor their net worth in real-time without having to manually input their financial data. Furthermore, open banking enables our users to quickly and easily track their savings rate.
At Topia, our user’s security and privacy always comes first. Topia provides you with regulated account information services as an agent of Plaid Financial Ltd., an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Registration Number: 804718) for the provision of payment services.