Truework partners Plaid to launch income verification solution

Monday 13 June 2022 12:54 CET | News

US-based Income and employment verification company Truework has partnered with Plaid to help the firm launch its new income verification solution.

Plaid Income wants to bring greater accuracy, security, and speed to the loan application process. Prospective borrowers will be able to share income and employment data digitally with their approved lenders.

Most recently, in addition to its partnership with Truework, Plaid introduced a new verification and compliance solution, Plaid Identity Verification and Monitor, that helps reduce fraud and boost conversion rates. Launched earlier in June 2022, the new offering features a verification, AML, and KYC compliance solution that serves multiple use cases including account opening and funding, trading, and lending

US-based financial wellness platform Current also announced Plaid as its first partner. Current offers a platform API that helps fintechs to build embedded financial solutions.

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Keywords: partnership, digital verification, fraud management, compliance
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime

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