Income verification tool for Salesforce
Bank Connect — Powered by Plaid is an advanced bank verification application that streamlines business workflow by authenticating bank account transactions, historical balances, income, assets, etc., inside Salesforce. Cloud Maven, Inc., a Salesforce Certified ISV Partner and the 2021 Salesforce Partner Innovation Award winner, has developed this solution. Lenders need to authenticate bank accounts to mitigate the risk of fraud. This process helps to ensure that the borrower is who they say they are and that the account is legitimate. By authenticating the borrower’s bank account, lenders can reduce the fraud risk and help protect their investment. This bank verification application allows lenders to thoroughly understand the borrower’s investments by gaining access to their investment accounts and visualizing their finances by quickly retrieving consolidated bank data summaries for informed lending decisions. Lenders can obtain transaction insights of borrowers using any Salesforce standard or custom object. It helps reduce NSF fees and overdrafts by displaying available balances before making any transfers. The app allows for account pre-funding to gain insight into borrowers’ balances, accepts payments on all accounts, and speeds up the account onboarding process. Lenders can automate the entire bank verification process, removing manual errors, delays, inaccuracies, and inconvenient delays. For a free 30-day trial, this income verification solution is available on Salesforce AppExchange. Email info@cloudmaveninc.com if you have any queries, and you can learn more about different solutions by following Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube.
