Plaid Salesforce Integration

Olivia Brownie
2 min readSep 19, 2022

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Bank Connect, powered by Plaid, is a sophisticated bank verification application that streamlines business processes by authenticating bank account transactions, balances, income, assets, and so on within Salesforce. This solution was developed by Cloud Maven, Inc., a Salesforce Certified ISV Partner and winner of the 2021 Salesforce Partner Innovation Award. The lending process for car loans can be lengthy, time-consuming, and involve numerous other activities. A manual process often results in inaccuracies, delays, and inconveniences in banking activities, such as observing a potential borrower’s banking details and then undergoing a thorough check. There are also multiple scenarios when lenders want reports from multiple banks. However, following manual steps is not as simple. Bank Connect makes it possible. It enables multiple bank verifications, allowing customers to authenticate multiple banks with a single request easily. Cloud Maven, Inc.’s solution eliminates banking delays, inaccuracies, and inconvenience. The entire bank verification process becomes faster and error-free with the help of automation. Before making appropriate lending decisions, lenders assess the borrower’s banking data, such as investments and finances. Lenders gain insight into the borrower’s investment accounts, including account balances and holdings, to better understand the borrower’s investments.

Plaid Salesforce Integration

Lenders can easily retrieve consolidated bank data summaries with account holder identity information, transaction history, and account balances to visualize borrowers’ finances. The account onboarding process in this app is faster and accepts international bank accounts. It also enables users to make real-time payments within the UK and Europe Institutions. This solution reduces NSF fees and overdrafts by allowing lenders to see the borrower’s available funds before transferring. This income verification app is available on Salesforce AppExchange for a free 30-day trial. If you have any queries, please get in touch with info@cloudmaveninc.com. Connect with Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube to learn more.

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