Plaid: Our Secure Bank Connection Partner

Lums uses Plaid to connect your bank accounts safely and reliably. Plaid is one of the world's leading financial data platforms, trusted by thousands of financial applications and millions of users.

This page explains what Plaid does, what data it accesses, and how your bank connection remains secure at all times.

Trusted by Leading Banks

Plaid connects to over 12,000 financial institutions across North America, including all major banks and credit unions.

What Is Plaid?

Plaid is a regulated financial technology provider that enables secure connections between your bank and applications like Lums.

How Plaid Works Plaid

How the Bank Connection Works

  1. You select your bank inside Lums
  2. You authenticate directly on your bank's website or app via Plaid
  3. Your credentials are never shared with or stored by Lums
  4. Plaid securely transmits your authorized data to Lums
  5. Your connection can be revoked at any time

Lums never has access to your bank login credentials.

What Data Lums Receives Through Plaid

With your consent, Plaid provides Lums with read-only access to:

  • Transaction history
  • Account balances
  • Basic account details (masked account numbers)
  • Merchant names and categories

Plaid Security Standards

Plaid follows strict industry security and compliance requirements, including:

  • PCI DSS compliance
  • SOC 2 Type II certification
  • ISO 27001 standards
  • End-to-end encryption
  • Continuous security monitoring

These are the same standards used by large financial institutions and regulated fintech platforms.

Your Control Over the Connection

You stay in full control at all times:

  • Disconnect any bank instantly from Lums
  • Revoke Plaid access directly through your bank
  • Delete your Lums account at any time
  • Your data access stops immediately when disconnected

How Lums Uses Plaid Data

Data received from Plaid is:

  • Encrypted and stored securely
  • Used only to provide insights and functionality inside Lums
  • Never sold, shared with advertisers, or used to train external AI models
  • All processing remains inside Lums' private infrastructure.

Learn More About Plaid

For full technical and compliance documentation, you can visit Plaid's official resources:

Plaid Data Handling Plaid Trust & Safety
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