Why We Use Plaid for Your Brokerage Connection

Written By Oscar

Last updated About 3 hours ago

At Orizon, we believe that providing advanced portfolio monitoring and tracking requires an uncompromising commitment to security. We partner with Plaid, the industry-leading financial data network, to facilitate secure, read-only connections between your brokerage accounts and our analytics engine.

This document outlines how Plaid empowers your tracking experience and the protocols we use to keep your financial data protected.

Security and Reliability

Data security is the foundation of our platform. We chose Plaid because they have a robust security infrastructure that includes SOC 2 Type II and ISO 27001 certifications, among others. This comprehensive security framework means their systems, infrastructure, and internal processes undergo continuous rigorous third-party audits to meet the highest industry standards for data protection, privacy, and availability.

What Plaid Enables

By leveraging Plaid’s secure interface, we eliminate the need for manual data entry, turning static spreadsheets into a live, automated portfolio tracker. This integration allows Orizon Analytics to provide:

  • Automated Data Syncing: Your holdings, positions, and transaction history are updated automatically based on the latest records from your brokerage.

  • Consolidated Analytics: By normalizing data streams from various institutions into a single feed, Plaid enables us to deliver comprehensive balance tracking, sector allocation summaries, and dividend metrics across all your accounts.

  • Persistent Connections: Our partnership ensures high connection success rates, keeping your visual dashboard updated with minimal manual intervention.

Data Security Protocols

Plaid adheres to strict security procedures designed to protect your information at every stage of the connection process.

  • Secure Authentication: Plaid utilizes Plaid Link and industry-standard OAuth authentication. This means you log in directly through your bank’s portal; Orizon Analytics never sees, accesses, or stores your banking credentials.

  • Encryption: All data is encrypted both at rest and in transit. Data shared between your financial institution, Plaid, and Orizon is secured using Transport Layer Security (TLS 1.3) and advanced Advanced Encryption Standard (AES-256) cryptographic keys.

  • Data Ownership: You remain in complete control. Plaid only accesses the information you explicitly authorize, and you can revoke access at any time directly through your Orizon Analytics account settings.

  • Privacy Protections: Plaid is contractually prohibited from selling your personal data. This aligns with Orizon Analytics’ strict policy: we never sell, lease, or share your personal financial data. For full details, please review our Privacy Policy.

Our Commitment

By utilizing Plaid, Orizon ensures that you receive data-driven visualizations backed by enterprise-grade security. We act as a secure conduit for your information, not a repository for your credentials, ensuring that your tracking and monitoring experience is as safe as it is powerful.

Highlight

Your credentials are never shared with Orizon. By using Plaid’s OAuth-based "Link" technology, we ensure a strictly read-only bridge between your bank and our platform, keeping your login information isolated within your financial institution’s own secure environment.

If you have questions about a specific connection or need assistance troubleshooting your dashboard, please reach out to our support team at support@orizonanalytics.io.