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Plaid
Connect, verify, and enrich financial data securely in real time

Plaid
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Home: https://plaid.com

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What is Plaid?

Plaid is an advanced financial technology platform enabling businesses to securely connect, verify, and manage consumer financial data in real time. With a robust suite of AI-driven solutions, Plaid empowers organizations to simplify onboarding, enhance payment experiences, detect fraud, and generate actionable insights for lending and personal finance management.

The platform supports seamless integration with thousands of financial institutions, leveraging machine learning to deliver accurate identity verification, risk assessment, and transaction analytics. Plaid is designed to help businesses maximize conversion rates, reduce fraud, and provide transparent control to users over their financial data.

Features

  • Real-Time Financial Data: Instant access to account, balance, and transaction data from thousands of financial institutions.
  • AI-Powered Fraud Detection: Machine learning models assess risk, prevent fraud, and monitor transactions.
  • Identity & Balance Verification: Automated verification of account holders and instant balance checks.
  • Seamless Payment Processing: Supports ACH, RTP, and FedNow transactions for streamlined bank payments.
  • Personal Finance Insights: Categorized transaction histories, income checks, and investment tracking.
  • Data Enrichment: Cleanses and categorizes raw transactional data for improved analytics.
  • Open Finance API: Industry-aligned connectivity and embeddable permissions management.
  • Scalable Integrations: Supports businesses from startups to enterprises with pay-as-you-go, growth, and custom plans.

Use Cases

  • Digital onboarding for financial apps and fintech platforms
  • Real-time payment processing and account funding
  • Fraud detection and risk management for banking and payments
  • Automated lending and credit underwriting with cash flow insights
  • Personal finance management and expense tracking
  • Crypto and investment platform integrations
  • Bank account verification for property management or mortgage applications
  • Business expense and financial data analytics

FAQs

  • Is Plaid free for consumers?
    Yes, consumers can use Plaid to safely connect and control the financial information they share with apps or services at no cost.
  • Can I try Plaid for free?
    Yes, you can make up to 200 API calls with each available product using live data to learn about and test Plaid’s APIs for free.
  • How does Plaid pricing work?
    Plaid offers one-time, subscription, and per-request pricing models depending on the products used, with plans for individuals, teams, and enterprises.
  • Does Plaid offer volume discounts?
    Yes, Plaid provides volume discounts based on contract length and minimum monthly commitment.
  • How does Pay-as-You-Go billing work?
    Plaid charges only for the connected accounts and products you use, with no upfront commitments required.

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Plaid Uptime Monitor

Average Uptime

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Average Response Time

126.71 ms

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