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.
