19 May 2022

Plaid adds new anti-fraud features

Written By FinTech Alliance

Plaid adds new anti-fraud features

Payments business Plaid is launching new features to help FinTechs fight against fraud. 

In Brief: 

It’s partnered with ID verification company Cognito. 

The verification capabilities will be integrated with Cognito’s bank account linking feature. 

Now, data like drivers’ licences and selfies can be used to verify who customers are. 

What does this mean? 

Users of FinTechs that integrate Plaid will now see new features to verify their ID and connect their bank account. As Forbes points out, Plaid is also going to be collecting much larger amounts of data with this new addition. 

Read more here. 

Up Next ...
18 June 2024

EY Launches First Scottish Fintech Lab

EY partners with UK space agency to boost fintech innovation

18 June 2024

FCA Imposes Restrictions on AstroPay

AstroPay must stop onboarding new customers and ensure that funds are safeguarded

18 June 2024

Fintech Entrepreneurs Launch FX Risk Management Firm, Instantia

The platform consolidates currency hedging positions into a user-friendly interface

17 June 2024

Merrick Bank Partners with Kompliant for Digital Merchant Onboarding

Technology has significantly enhanced credit and risk review categories"

More in Fraud Detection

Refine Intelligence launches with $13mn, introducing innovative AML solution

06 December 2023

Refine Intelligence, a FinTech company specialising in Financial Crime Greenflagging, ...

Lynx raises $18m for AI-powered fraud fighting tech

16 November 2023

Lynx, a Madrid-based firm using AI to detect and prevent ...

Mastercard AI tool helps UK banks take on real-time payment scams

06 July 2023

Mastercard is tapping into its AI capabilities to help a ...

Pay.UK partners with Visa, Synectics Solutions, and Featurespace

03 July 2023

Partnership will be aimed at preventing fraudIN BRIEF: - Pay.UK operates ...

White Papers Fraud Detection

NetGuardians: The Top Banking Fraud Types to Watch in 2022

09 March 2022

Download this paper to understand:The full range of banking frauds that specialists are seeing right...

Articles Fraud Detection

PwC’s Global Economic Crime Survey 2020: UK findings

13 May 2020

Fraud and economic crime - an evolving challenge #EmergeStronger Is your organisation ready to re...

There are no Events in this category