Streamline Your Business Workflow with Bank Connect — The Advanced Bank Verification App Powered by Plaid, Ocrolus, and Dwolla!
Bank Connect — Powered by Plaid, Ocrolus, and Dwolla 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. Bank Connect is a Plaid verification application that helps lenders authenticate bank accounts quickly and securely. With the growing threat of fraudulent activity, lenders are looking for more efficient and cost-effective methods to verify the authenticity of a bank account. Bank Connect can significantly reduce the risk of fraudulent transactions by automating the verification process and avoiding manual errors, delays, and inaccuracies.
Bank Connect provides a comprehensive understanding of the borrower’s investments by accessing their investment accounts and visualizing their finances. It allows lenders to retrieve consolidated bank data summaries for informed lending decisions and obtain transaction insights from borrowers using any Salesforce standard or custom object. This helps to reduce NSF fees and overdrafts by displaying available balances before transferring funds.
Bank Connect works with the Plaid Payment Initiation Product to enable users to make real-time payments within UK and European institutions. It enables account pre-funding and sending and receiving ACH payments via Plaid payment. The App speeds up account onboarding and supports ongoing payments for checking, savings, credit card, and brokerage accounts in eight countries, including the United States, United Kingdom, Canada, Ireland, Netherlands, France, Spain, Germany, and Italy.
Lenders can gain real-time access to over 45,000 financial institutions with Bank Connect, allowing them to examine current and historical transactions. This ensures data security while preventing fraudulent loans, increasing system trust, and reducing transaction times. Overall, Bank Connect is a scalable and cost-effective solution for lenders to authenticate bank accounts quickly and securely while serving more customers in less time.
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.
