Lending
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Get a comprehensive financial picture of a borrower for greater peace of mind.
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Lenders using Plaid
The Problem
Lenders must gather holistic pictures of their applicants, but the process of assessing cash flow, affordability, and income creates considerable work for both the borrower and lender.
The Solution
Plaid helps lenders gain a more comprehensive, real-time view of their borrower so they can make lending decisions faster with greater efficiency and peace of mind.
Why Plaid for Lending?
Get a comprehensive picture
Build a better view of a borrower to make quicker decisions with peace of mind.
Increase conversion
Design delightful user experiences optimised for loan application completion.
Create efficiency
Cut unnecessary costs, ditch manual uploads and reduce underwriting drudgery.
With Plaid, we’re able to deliver a streamlined customer experience and expand access to flexible financing amongst small-to-medium businesses that are typically under-served by traditional credit institutions. The real-time data from Plaid plays a crucial role in powering our automated underwriting and repayments process.
Andy Quach, Head of Commercial at YouLend
Plaid across the lending process
Verify applicants’ identities at loan application without adding friction
Seamlessly verify identities
Fight fraud and handle KYC requirements, including data sources, documentary, and liveness (selfie) through Identity Verification.
Manage AML compliance
Monitor helps you stay compliant with ongoing AML screening with fewer false-positives and manual reviews.
Comprehensive underwriting made fast and simple
Get real-time financial insights
Improve underwriting and affordability assessments, through income, expenditure and transactions analysis.
Verify income
Retrieve detailed income data from connected bank accounts enhanced by user validation, including a breakdown of income streams to the account.
Connect and verify accounts for loan disbursement and repayment
Seamless loan disbursements
Payouts enable you to make instant loan disbursements from within your product.
Simple, instant repayments
Streamline repayments and reduce friction using Payment Initiation. Or keep control and flexibility using VRP.