Plaid

What is Plaid?

Plaid is a technology platform that enables applications to seamlessly connect with users' bank accounts, empowering developers to build innovative financial services. At the core of Plaid's offerings is a suite of products that facilitate account authentication, real-time balance checks, identity verification, income validation, asset verification, and more.

Highlights

• Streamlined account authentication and linking: Plaid's Auth solution allows users to connect their bank accounts without the hassle of micro-deposits, enabling instant account verification for ACH payments
• Real-time financial data access: The Balance product provides developers with immediate visibility into users' current and available balances, as well as historical balance information, to prevent overdrafts and ensure sufficient funds
• Robust identity and asset verification: Plaid's Identity and Assets solutions enable applications to validate user identities, employment details, and financial standing directly from bank records, reducing fraud risk
• Comprehensive transaction data: The Transactions product delivers detailed, categorized transaction histories spanning up to 24 months, empowering applications to offer advanced money management and budgeting features.