Plaid Banking App
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 go through a laborious process of collecting banking data, understanding finances, and making lending decisions to evaluate a potential borrower’s bank details. When tasks are done manually, it takes a long time to collect and examine borrowers’ banking information, which causes delays, inconvenience, and inaccuracy in lending decisions. This bank verification application enables lenders to understand the borrower’s investments thoroughly 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 for any borrower using any Salesforce standard or custom object. It aids in the reduction of NSF fees and overdrafts by providing visibility of available balances before making any transfers. The app allows for account pre-funding to gain insights into borrowers’ balances, accepts payments on all types of accounts, and speeds up the account onboarding process. The entire bank verification process can be automated, eliminating manual errors, delays, inaccuracies, and inconvenience. 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.
