Plaid

For the Association of Certified Fraud Examiners (ACFE) Fraud Awareness Week, we’re joining in the efforts to raise awareness about fraud. People lost $47 billion (yes billion with a B) to identity fraud and scams last year alone. How do we start to put an end to this? Fraud is always a matter of finances – people commit fraud to steal money or clean money, so the best way to identify and fight it is by following the financial system. With Protect, our fraud intelligence platform, Plaid can help companies uncover real-time signals and patterns, based on the ways fraudsters move about the financial ecosystem. Based on the fraud Protect has helped identify, customers have found: 🏢 Some online casino transactions are 4,000 times more likely to be fraudulent 🔞 Some adult content subscriptions are 3 times more likely to have fraud 💸 Some cryptocurrency transactions are 2 times more likely to be fraudulent Exposing patterns like these, and acting on them, can help companies detect more fraud, earlier. Stay tuned as we share more insights throughout #fraudweek!

🏠 When borrowers apply for a home equity line of credit, speed and trust make all the difference.

 NFTYDoor is leading the way—building a digital lending experience that helps homeowners access their equity quickly and confidently.

With Plaid powering income verification, NFTYDoor achieved: ✅ Over 85% applicant conversion rate with Plaid-powered income verification
 ⚡ 50% faster turnaround time, helping them approve qualified borrowers in hours, not days

 By automating what used to take days of manual uploads and reviews, NFTYDoor gives borrowers a faster, more transparent process—and gives lenders the data they need to make smarter decisions, faster.

 Learn how they did it:
👉 https://lnkd.in/eW2gcKjm

Excited to join National Mortgage News and Mari Masolini from Zillow Home Loans on November 18 to talk about how technology is reshaping mortgage lending. With rates expected to keep falling, now’s the time for lenders to get ready for the next market cycle. We’ll dig into how real-time financial data can simplify verification, speed up workflows, and create a smoother borrower experience. Hope you can join us 👉 Register here: https://lnkd.in/gZwCxDK2

Every day, Plaid powers nearly 1M financial account connections—a window into how people actually manage their finances. With Plaid LendScore, we combined that network activity with cash flow data to develop a predictive signal lenders have never had before—one that helps them spot risk earlier, approve more borrowers, and better price their loans. Learn how it works and sign up for the waitlist to be one of the first lenders to get 25% more predictive power in their credit risk assessments. https://lnkd.in/eC9gVUpk

Advisors Mortgage Group, LLC - NMLS #33041 is known for providing seamless, stress-free mortgage experiences (especially for first time home buyers). Partnering with Plaid enables them to create a faster, more frictionless process. Using the Verification of Assets (VOA) Report, the company enables borrowers to securely log into their financial accounts and instantly share data, reducing errors from manual upload and verification. Learn why 90% of loan officers and underwriters at Advisors Mortgage Group have already opted into using Plaid in their day-to-day workflows, and how it’s helped improve the underwriting process: https://lnkd.in/ekyzmnt5

Instant payments in the EU are here 👇 With this regulation now in force, euro transfers now settle instantly. This means faster customer experiences and greater trust through built-in fraud protection. 🔗 Read how this change impacts European businesses and what’s next for open banking: https://lnkd.in/eSdPXsfP

We’re back with the second edition of The Banking Exchange! 🏦 This month, we caught up with Jonathan Hartsell, Head of Digital at First Horizon Bank, to explore how digital innovation builds trust in a customer-first era. Plus, catch highlights from where Plaid showed up across the industry this fall, from the Consumer Bankers Association Fall Dinner to Money20/20, where our COO Eric Sager joined American Express President Mohammed Badi to discuss the future of digital finance. 📺 Watch the interview and read the full newsletter here ⬇️

A key part of our first credit-risk score, LendScore, is the peer assessments of our model. We collaborated with lenders and organizations who are thinking not just about what credit scoring is, but what it should be. Thank you to our partners at 2nd Order Solutions, Upgrade, Inc. and FairPlay AI—their input helped shape the attributes we prioritized, the structure of our reason codes, and how we evaluated model performance. Curious how LendScore works? Learn more here: 🔗  https://lnkd.in/eEFjZHSv

We’re wrapping up our top Money20/20 takeaways from the Plaid Payments team 💰 Brian Dammeir, Head of Payments and Financial Management at Plaid, shares his top takeaway on how the conversation across the industry is shifting, and what it means for the year ahead.

There’s real momentum with Request for Payments At Money20/20, we caught up with Shaffer Bond, a Senior Product Lead for Payments at Plaid right after hosting our Executive Breakfast on Request for Payment (RfP) featuring industry leaders, including The Clearing House, Federal Reserve Financial Services, and Cross River Bank and some of the most forward-thinking clients in the space. In this short clip, Shaffer shares his biggest takeaway from the discussion — and why there’s real momentum building around RfP as the next evolution of real-time payments.