- Plaid launching an income verification product, streamling the application for consumer loans by bringing payroll data
- Built as part of a suite of forthcoming products under the Plaid for Payroll brand
- Plaid Income expands consumer-permissioned data access to include salary information from employers
- The ability to verify employment status, income, and ability to pay is crucial to nearly every loan application
- Plaid currently supports real-time payroll authentication for over 250,000 of the largest employers in the United States
- Plaid’s consumer-permissioned Income product helps reduce paperwork and overall closing times for borrowers
Plaid: Launching an income verification product
