Banking
A complete digital banking platform, built to make you a primary financial hub
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Trusted by the industry’s leading fintechs and financial institutions
76%
consumers are more likely to use an app when they can sign up and access it instantly
64%
consumers would consider switching banks if their primary bank could not connect to their financial app account
59%
banking customers expect their financial institutions to improve their financial health
The Problem
Today’s digital banking customers expect better experiences—whether it's fast account opening and funding, reaching financial goals, or connecting their bank account to the apps they love. But as a financial services company, how can you also protect against potential fraud and losses while exceeding your customers’ expectations?
The Solution
Plaid enables you to enhance your digital banking experience through better risk management, faster account funding, and secure data connectivity. You can also increase customer lifetime value by unlocking insights to power personalized financial advice and efficient lending decisions - on a single unified platform.
Plaid powers the digital banking journey
Reduce fraud with a smooth identity verification experience
Easily verify identities
Identity Verification is the industry’s lowest-friction identity verification experience for new account opening, making it easier for you to fight fraud and meet KYC requirements
Stay AML compliant
Monitor helps you maintain ongoing compliance with AML and PEP screening with fewer false-positives and manual reviews
Grow deposits with seamless account verification and funding
Instantly authenticate accounts
Auth instantly authenticates bank accounts for account funding so customers can set up ACH transfers from any bank and credit union in the US
Verify account ownership
Identity verifies a customer’s account ownership information to confirm the source of funds and complements your risk management processes
Check balances in real-time
Balance instantly checks whether customers have enough funds in their external bank accounts before ACH transfers, protecting against overdraft and NSF fees
Unlock instant access to funds
Signal enhances your risk program to accelerate access to funds and reduce ACH return risk
Engage customers with personalized financial advice
Access detailed transaction history
Transactions helps you access up to 24 months of enhanced transaction history so you can guide users to manage their cash flow and reduce spend
Understand customers’ investments
Investments delivers insight into a user's investment accounts, including account balances, holdings, and transactions that create a change in a holding
Know loan obligations
Liabilities retrieves detailed loan data including account balances, terms, and payment timing. Coverage for student loans, mortgages, and credit cards
Make internal data actionable
Enrich cleanses and enriches transaction data from your card and banking products, unlocking user spending insights and personalized experiences
Create a secure open banking experience
Unlock your open finance roadmap
Open Finance solutions enable you to easily and efficiently meet customer expectations for data connectivity and control
Offer more efficient and competitive loan offers
Build a comprehensive, simple, and fast underwriting process
Learn how Plaid can power your lending services
Building Plaid into our onboarding experience has improved our conversion rates. It has also increased the lifetime value of our customers.