Plaid doubles down on identity verification as businesses seek compliance improvements

Global payments processor Plaid will now allow users to verify their identity across any service powered by Plaid.

This means, as per a blog post by the company, that users who have been previously verified by Plaid can sign up for new financial applications without going through another identity and verification process.

Once Plaid confirms the user is who they claim to be via carrying security checks on their phone number and mobile device, the company will then “fast-track” their …

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