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.

HOW IT WORKS

Integrate with Plaid

It takes just a few lines of code to drop our front-end module into your product. Your users will be prompted to connect their bank account, launching the Plaid module.

HOW IT WORKS

Customise for conversion

Personalise the module to fit your brand or use preferences, including financial institution ordering, colour, and button customisation.

HOW IT WORKS

Get user-permissioned bank data

Once your user has gone through your flow, we instantly return a range of relevant bank account data that fits your needs.

HOW IT WORKS

Get deep financial insights

See a real-time snapshot of a borrower in one report with risk indicators and affordability insights.


Questions about how Plaid can fit into your lending product?

Our Sales team can help you find the right solution. Fill out the form and we’ll get in touch shortly.

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This form goes to our sales team. If you have questions about connecting your financial accounts to a Plaid-powered app, Visit our consumer help center for more information.

For developers and existing Plaid customers, please open a case through the Plaid Dashboard.