Audience
Plaid works with over 12,000 companies, from cutting-edge startups to fintechs like Venmo and SoFi, several of the Fortune 500, and many of the largest banks to empower people with more choice and control over how they manage their money.
About Plaid
Plaid is a global fintech infrastructure platform that enables businesses and consumers to securely connect to financial data and services. Through APIs that connect to more than 12,000 financial institutions across 20+ countries, Plaid operates the world’s largest open banking data network. By removing the complexity of direct bank integrations, Plaid enables developers, financial institutions, and enterprises to build secure, user-friendly, and conversion-optimized financial products. Plaid powers payments, lending, identity verification, fraud prevention, and personal finance applications. Today, more than 100 million people worldwide, including half of U.S. adults, have relied on Plaid through their connections to over 7,000 apps and services.
Pricing
Company Information
Videos and Screen Captures
Product Details
Plaid Frequently Asked Questions
Plaid Product Features
Bank Verification
Plaid offers a modular suite of account linking, risk, and money movement products to make bank payments more successful and scalable than ever. Plaid offers the full suite of Auth products—instant Auth with 95% coverage of U.S. bank accounts and database Auth for broader reach—along with Identity to verify account ownership. Signal, our payment risk platform, provides the choice of real-time balance checks or machine learning transaction risk scores, all delivered through a hosted rules engine with a no-code UI so risk insights can be acted on immediately. Transfer is Plaid’s multi-rail payment solution, supporting ACH, RTP, FedNow, and Request for Payment, with Signal embedded for built-in risk decisioning. This unified suite makes it easier to connect accounts, manage risk, and move money with confidence.
Banking
Financial Services
Fraud Detection
Plaid offers comprehensive tools to confirm identities and reduce fraud. Plaid Identity Verification (IDV) lets clients authenticate their customers through document checks, liveness detection, and data source verification. Monitor lets clients detect whether their customers are on government watchlists through sanction, PEP, and watchlist screening for anti-money laundering compliance. Plaid Protect is an AI-powered fraud intelligence platform that helps detect and stop fraud across the entire user journey—from the first interaction to the point of a transaction. Built on top of Plaid's network of a billion device connections across over 7,000 apps, Protect helps businesses prevent the toughest fraud including ATOs, first party fraud and synthetic identities.
Identity Verification
Plaid offers comprehensive tools to confirm identities and reduce fraud. Plaid Identity Verification (IDV) lets clients authenticate their customers through document checks, liveness detection, and data source verification. Monitor lets clients detect whether their customers are on government watchlists through sanction, PEP, and watchlist screening for anti-money laundering compliance. Plaid Protect is an AI-powered fraud intelligence platform that helps detect and stop fraud across the entire user journey—from the first interaction to the point of a transaction. Built on top of Plaid's network of a billion device connections across over 7,000 apps, Protect helps businesses prevent the toughest fraud including ATOs, first party fraud and synthetic identities.
Loan Servicing
Plaid Consumer Report helps lenders harness FCRA-compliant cash flow data, offering income insights, asset verification, and real-time account activity to power more confident decisions. By leveraging Plaid’s unique network insights, lenders gain a holistic view of borrower financial stability which can be used throughout the entire lending lifecycle. With a market-ready risk score - Plaid LendScore - financial institutions can underwrite more accurately, approve more qualified borrowers, and reduce losses with smarter, data-driven assessments.
Online Banking
Plaid Additional Categories
Plaid Verified User Reviews
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Plaid review." Posted 2022-11-02
Pros: Good at what it does, fairly easy to set up and offers a lot of flexible customization features for bringing people into your financial apps.
Cons: Not a lot to hate about Plaid, I think the pricing can start to creep up if you have lots of users connecting their banks.
Overall: I think Plaid is a much better platform than other alternatives out there, like a Yodlee, it has much better design and just really gets the job done.
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Easy to use on the customer side" Posted 2022-01-25
Pros: I have dabbled in the business side of plaid but as a customer it was easy to use. This review is more for businesses to hear what a customer thinks. I like how this works with cards. It's nice to be able to trust where you are putting your card info.
Cons: Nothing major. Have had issues with Discover not being accepted randomly until try 3.
Overall: Overall happy with how easy it is to use on the customer side of the product. Not sure what it is like on the business side.
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Plaid is a decent software" Posted 2021-06-18
Pros: PLAID is quick and easy to use when connecting your bank accounts. Support response time is quick and efficient, something solutions are not found immediately though.
Cons: The back-end for companies could use some work it is very confusing. Submitting tickets are confusing and difficult. It is near impossible to get a ticket entered without having to deep dive into the transactions and finding request codes.
Overall: PLAID is a decent software that connects banks to other banks. It is affordable and allows companies a cheap option for bank details.
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Plaid connectivity " Posted 2021-05-18
Pros: Plaid was able to integrate banks that were not currently available. The time frame was six months but the integration process happened in three months. That was great as we can offer our services to more customers. Plaid has the vast majority of major banks, not so much smaller banks and credit unions.
Cons: There is no search option on their website to see if the bank institution is available through plaid. This would make it easier to let customers know right away instead of creating a fake application and searching on a live application.
Overall: Overall Plaid has been instrumental in the development of our company. There are issues that eventually get smoothed out. This is a great option for startup companies and relatively easy to use. The only suggestion is to upgrade the search bar to offer an advance setting to find banks easier.
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Supports most major banks" Posted 2020-07-17
Pros: I'm a huge fan of how easy Plaid's API makes it to enable connecting different payment sources from different banks. The user logs in with the same online banking credentials they normally do, and the data stays where it's supposed to.
Cons: Nothing, really. From a user experience perspective Plaid's doesn't leave much to be desired.
Overall: Fantastic experience using Plaid. Highly recommend it for apps that need to accept a variety of payment methods.
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