Plaid bank Integration
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 must authenticate bank accounts to reduce the risk of fraud. The manual process of verification typically takes a long time. Bank Connect is a sophisticated and user-friendly automated solution with a plethora of features at an affordable price. Lenders can easily integrate it into their workflow as an API form. This bank verification application allows lenders to understand the borrower’s investments comprehensively 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 from borrowers using any Salesforce standard or custom object. It helps to reduce NSF fees and overdrafts by displaying available balances before transferring funds. The App allows for account pre-funding to gain insight into borrowers’ balances, accepts payments on all accounts, and speeds up account onboarding. The entire bank verification process can be automated, which results in fewer manual errors, delays, inaccuracies, and inconvenient situations. Lenders can use Bank Connect to verify NPI and authenticate multiple banks with a single request. It is compatible with the Payment Initiation Plaid Product, allowing users to make real-time payments within UK and European institutions. For a free 30-day trial, this income verification solution is available on Salesforce AppExchange. Email email@example.com if you have any queries, and you can learn more about different solutions by following Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube.