Plaid connect to bank
Bank Connect, powered by Plaid, is an advanced bank verification application that automates business workflow by authenticating bank accounts about income, transactions, balances, assets, etc., inside Salesforce. Cloud Maven, Inc., a Salesforce Certified ISV Partner and the 2021 Salesforce Partner Innovation Award winner, has developed this solution. Bank account verification process can take time, especially if the borrower doesn’t have recent account activity. The bank may require additional documentation, such as a recent pay stub or bank statement. Through this income verification app, lenders verify a potential borrower’s real-time banking details like historical balances, income, assets, transaction history, etc. It allows for a more streamlined lending process, allowing lenders to make more informed lending decisions for borrowers. Lenders can review transaction data with merchant name, category, and location. This solution reduces overdrafts and NSF fees by allowing lenders to see borrowers’ available funds before making any transfers. Furthermore, lenders understand the borrower’s investment pattern and assist them in visualizing their finances to make appropriate decisions. The application supports payments on all types of accounts and has a quick account onboarding process. This solution is available on Salesforce AppExchange for a free 30-day trial. Send an email to info@cloudmaveninc.com for any queries. . Follow Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube to know more.
