Bank Connect – Powered by Plaid & Salesforce

What if we told you that you can now verify bank accounts and access the financial information of your customers instantly? Yes, that’s possible with Bank Connect. You just need to provide this intuitive Salesforce app with a few pieces of information. Tick the requisite boxes and you will get the results before you in real-time!

In the financial world, reviewing consumer-authenticated data and financial transactions is an essential part of the lending process. However, the traditional models of verification can cost you a significant amount of your time and money. Added to this, there is the fear of inevitable delays, fraud, and of course, inaccuracies.

All these issues fade away when you have Bank Connect by your side. You can gain access to these important details at your fingertips.

Bank Connect – Your Authentication Partner

With Plaid integration, Bank Connect has ushered in a new era in the banking industry by accelerating the customer verification process. This advanced bank verification application can dramatically improve customer retention, customer satisfaction, and of course, your business’ profitability.

Access customer’s valuable financial data within seconds

To approve home mortgages, auto loans, investments, and to open bank accounts, banking professionals require sufficient information regarding the customer’s financial situation. Such details help them to ascertain whether the customer will be able to honor contracts and make timely payments. Other businesses too, often require financial statements to verify customer identities. However, as you may be aware, these documents can easily be tampered with.

While you can build a banking application from scratch, development, integration, and maintenance of the same costs a lot of money. In such a scenario, Bank Connect can be exceptionally handy. With this readymade native Salesforce application, you can analyze a summary of the customer’s financial statements to guide your decision-making process quickly and efficiently.

Improve the customer onboarding process

Your customers don’t have a lot of time! If you take days to approve their bank accounts, they will simply move on to your competitors.

Bank Connect expedites and streamlines the entire process, which means that you will be able to attend to more customers in a short span of time and decrease account origination drop-off rates.

A bonus is that you can authenticate transactions and analyze financial data virtually, without having to meet anyone in person. Amid this COVID-19 pandemic, this will go a long way in keeping your customers and employees safe!

Because of Plaid integration, Bank Connect also supports international bank accounts, so your business won’t have any boundaries! Also, a majority of your prospective customers are leaning towards online, branchless banking. Integrating Bank Connect into your processes will definitely give you a competitive edge.

If you are looking for a user-friendly, intuitive tool to simplify the onboarding process, get in touch with us today.

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