The San Francisco-based fintech’s agreement with Canada’s largest bank will allow RBC’s 14 million digital clients to connect their financial data to more than 6,000 apps on Plaid’s network. (The Logic)

Talking point: The partnership adds fuel to the industry-wide movement towards open banking in Canada. For years, tech companies have advocated for banks to let users share their information with them directly, rather than relying on screen-scraping, a method for extracting customer data that comes with security concerns. A federal government report also called for an open banking system to be launched by 2023. RBC is the largest major bank to announce a program to share customer data on a large scale, after National Bank and Flinks rolled out a similar product last year. Plaid also said Tuesday that it opened an office near Toronto’s financial district. The Logic reported in September that it was planning to open a Canadian office as part of a broader expansion here.