Plaid integration
Unified financial data aggregation from connected bank accounts and investment accounts
What it connects
- Access account details including balances, account types, and account numbers across all connected financial institutions.
- Retrieve complete transaction history with support for incremental sync to capture new, modified, and removed transactions.
- Pull identity and ownership information including names, emails, phone numbers, and addresses associated with accounts.
- Get current investment holdings and securities data including positions, valuations, and asset details.
What it automates
- Disconnect a financial institution link when account access is no longer needed or during offboarding.
- Trigger a real-time check for new transactions to ensure transaction data is current for compliance and reconciliation workflows.
- Retrieve real-time account balances on demand for finance operations and fund verification processes.
- Invalidate and rotate access credentials as part of security credential management and access revocation procedures.
In practice
Monitor employee expense transactions and verify account ownership during provisioning workflows to reduce manual verification steps.
Automate vendor payment verification by pulling account and routing numbers, then triggering real-time balance checks before transfers.
Enforce offboarding security by disconnecting all financial institution links and invalidating access tokens when users are terminated.
Build compliance audit trails by pulling transaction history with incremental sync and validating account details against approved vendor lists.
