Partnership brings seamless integration and unmatched ease of use across financial platforms

February 13, 2025

MIAMI, Florida — Loquat, an innovative financial technology company advancing digital banking for financial institutions (FIs), consumers, and businesses is pleased to announce its partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration allows consumers and small businesses to effortlessly connect their financial accounts across platforms, unlocking unprecedented ease of use and streamlined digital experiences.

Through this strategic partnership, Loquat seamlessly integrates Plaid’s advanced connectivity infrastructure into its digital banking platform. This integration empowers financial institutions to offer customers secure account linking, access to real-time, permissioned financial data, and streamlined financial management. It also facilitates efficient fund transfers for new account openings, reducing attrition caused by funding delays or failures.

“At Loquat, we are dedicated to creating frictionless banking experiences for our clients. Our partnership with Plaid allows us to deliver intuitive solutions that connect the dots between financial platforms, providing users with the tools they need to manage their finances with confidence and ease,”

said Zarina Tsomaeva, CEO and Founder of Loquat.

Plaid’s reliable and secure APIs, combined with Loquat’s advanced banking technology, ensures consumers and small businesses benefit from:

  • Simplified connectivity: Securely link accounts across financial platforms in minutes
  • Greater financial control: Access real-time account insights and manage finances with confidence
  • Streamlined onboarding: Open and fund accounts faster than ever with Plaid-enabled connectivity

This partnership solidifies Loquat’s mission to equip FIs with advanced digital tools that meet the growing demand for seamless, integrated financial services.

About Loquat

Loquat, an innovative financial technology company, developed and operates a proprietary business cloud banking platform designed with the small business and consumer customers and the financial institution employees that serve them in mind by a world-class team of former banking executives, fraud specialists, technology and digital transformation experts, and business owners. The end-to-end-platform allows credit unions and community banks to improve or launch a streamlined digital banking functionality aimed at serving consumer as well as small and medium-sized businesses (SMB) including new account onboarding, lending, and cards and payments while preventing fraud without sacrificing the user experience.

To learn more about Loquat, visit: loquatinc.io

Contact:

Mahesh Jagadish, Loquat Inc. Mahesh.Jagadish@loquatinc.io