Newsletter - October 2021

In this month's newsletter, learn about updates to Link, a new endpoint for recurring transactions, and our security questionnaire in the developer Dashboard to facilitate OAuth migrations. Also, Plaid Forum, our new virtual conference starts tomorrow - don't forget to sign up.

Product highlights

Now Available: The updated Account Select pane for Link 

The updated Account Select pane is now available, providing users with even more transparency and control over the accounts they share with you and Plaid. To learn more about implementing this updated pane, see our migration guide. 

Plaid + Fannie Mae: Positive Rent Payment History

Plaid’s Asset Reports can now be used as part of Fannie Mae Desktop Underwriter to identify rent payment history. To do this, use the /asset_report/create endpoint and set the number of days_requested to a minimum of 366.

Insights into your users’ recurring transactions

Get more insights into your users’ spending behavior with our new Recurring Transactions endpoint. The endpoint will be available to select Transactions customers for beta testing this quarter. If you’re interested in the beta, please reach out to transactions-feedback@plaid.com with a short description of your use case to see if you qualify. 

Coming soon: A universal Connected pane for Link

In response to customer feedback, the Connected pane will appear universally at the end of the Plaid Link flow starting on November 1. This update helps ensure a consistent and even more transparent user experience. If you have created your own Connected pane, we recommend deprecating it on or before November 1.

Coming soon: An automatic update to the Consent pane for Link 

As a reminder, an automatic migration to the Plaid-branded Consent pane will take effect on November 15. To preview this update or to opt-in early, see our API docs. 

Onboard onto bank APIs faster with the dashboard-based security questionnaire 

In order to build a safer ecosystem, we ask all customers to disclose their privacy and security practices when onboarding onto bank APIs and OAuth. Now, you can access, complete, and update this questionnaire from within the Plaid Dashboard to gain access to bank APIs faster. Note, if you’ve already completed the questionnaire before, there is no need to submit it again.  

Virtual events

Plaid Forum: October 13–14 

Join us at our virtual conference that brings together developers, innovators, business leaders, and more to discuss new products and ideas powering the next generation of digital financial services. Over the course of two days, you’ll hear about our latest platform and product updates, insights, and trends that can help accelerate and build your business.

Introduction to Embedded Finance Webinar: November 3

Embedded finance is changing the competitive dynamics of many industries. According to a new report by Accenture and Plaid, companies embracing embedded finance can increase revenue as much as two to five times per customer. Join our webinar to hear from Plaid COO Eric Sager, Accenture Cross-Industry Financial Services Lead, Ben Brown, and Unit Finance’s CEO Itai Damti to discuss how companies can unlock new revenue opportunities by surfacing financial products in context and at the point of need for customers.

Did you know…

Regularly upgrading to the latest mobile SDKs provides unique benefits like early access to new features? For example, eligible customers will gain access to our new native experience when they upgrade now to Android 3.6. 

Plus, don’t forget to upgrade to iOS 2.2.1,  Android 3.5, and React Native 7.1 Plaid Link SDKs by September 1, 2022. Prior versions will not be supported after that date. For a complete record of Link SDK changes, including minor updates and patch fixes, see the GitHub changelog for iOS, Android and React Native.