Lenders using this solution
Plaid helps lenders make informed decisions through instant connectivity to source data, a seamless user experience, and automation that drives operational efficiency across the lending process.
Plaid across the lending process
Verify applicants’ identities at loan application without adding friction
Build a comprehensive, simple, and fast underwriting process
Access bank account information
Assets provides a fast and up-to-date view of a borrower’s bank accounts, allowing you to verify assets and account ownership in seconds.
Connect and verify accounts for loan disbursement and repayment
Industry’s leading coverage for data partners and types
Connectivity to 12,000+ data partners, ~85% of the US workforce via payroll providers, and the broadest coverage for identity and income documents and geographies - helping you reach more loan applicants in more places.
Trusted user experience, optimized for loan application completion
Today, 1 in 4 US consumers with a bank account have already used Plaid to connect their financial accounts.
Our familiar onboarding flow and leading security and privacy tools give loan applicants the confidence they need to connect their financial data to your app or service and complete the loan application flow.
Seamless integration and implementation
Developer-first product development for easy implementation and configurability to fit your loan processes and decisioning needs.
The cash flow data that customers make accessible through Plaid allows us to better manage credit risk. With a more complete financial picture, we're able to evaluate individuals more accurately than traditional credit scoring alone and bring more people into the credit system.
Roy Simkhay, VP of Product Management, Petal