Plaid Salesforce 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. To reduce the risk of fraud, lenders must authenticate bank accounts. Lenders can reduce the risk of fraud and protect their investment by authenticating the borrower’s bank account. This bank verification application enables 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 borrowers’ transaction insights using any Salesforce standard or custom object. It aids in the reduction of NSF fees and overdrafts by displaying available balances before making any transfers. The app enables account pre-funding to gain insight into borrowers’ balances, accepts payments on all accounts, and expedites account onboarding. The entire bank verification process can be automated, eliminating manual errors, delays, inaccuracies, and inconvenient delays. Lenders can authenticate multiple banks with a single request using Bank Connect. It supports integration with Payment Initiation Plaid Product, enabling users to make real-time payments within the UK and Europe Institutions. 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.
