Plaid

About Plaid

Plaid provides an API platform that connects applications to bank accounts and other financial institutions, enabling companies to build fintech products. Its network covers more than 12,000 financial institutions across 20 countries, supporting functions such as account authentication and verification, identity verification, real-time balance checks, ACH/RTP/FedNow payment processing, and asset transfers.

The platform also offers fraud and risk tools, including AML watchlist screening, an anti-fraud network, and ACH payment risk scoring, along with credit underwriting products that use financial data for income verification and credit risk assessment. Additional offerings cover personal finance data (transactions, investments, liabilities) and open finance infrastructure such as Core Exchange and a consumer permissions manager for financial institutions.

Plaid is aimed at developers and companies across industries including banking, lending, insurance, mortgage, healthcare, gaming, and government building financial products such as payments, onboarding, underwriting, and personal or business financial management tools. It provides API documentation, client libraries, and a GitHub presence for integration, along with a consumer-facing Plaid Portal for managing data connections.

Key features

• Bank account connections (Auth) with verified account and routing numbers
• Identity verification and KYC/AML compliance tools (Identity Verification, Monitor, Beacon)
• Real-time balance checks and ACH payment risk scoring (Balance, Signal)
• ACH, RTP, and FedNow payment processing (Transfer)
• Categorized transaction, investment, and liability data for personal finance insights
• Credit risk underwriting powered by financial behavior data (Income & Underwriting, LendScore)

Frequently asked questions