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Plaid Powered Data Integration

We offer Plaid integration services to help our clients seamlessly connect with financial institutions and access banking data.

In what ways does the Plaid suite of APIs facilitate
Innovation In Financial Services ?

Microdynamic Software offers a comprehensive suite of APIs, including the Plaid integration, that empower financial advisory firms to optimize their clients' investment strategies and make well-informed decisions with reduced financial risks. By leveraging the transaction history API, small businesses can effectively manage their cash flows by accessing high-quality transaction data.

APIs facilitate
Gain access to transaction data of high quality
Gain access to transaction data of high quality

Plaid extracts, interprets, and displays up to 24 months' worth of data and transaction information directly from users' bank accounts.

Examines patterns in spending behaviors
Examines patterns in spending behaviors

Obtain comprehensive insights into spending behaviors and assist customers in making informed decisions regarding savings.

Confirm the authenticity of the user
Confirm the authenticity of the user

Plaid immediately confirms ownership of an account and validates identities to reduce the risk of fraud.

Reduce or manage potential risks
Reduce or manage potential risks

It permits lenders/investors to make knowledgeable judgments and assist in minimizing credit losses.

Reduction in non-sufficient fund occurrences
Reduction in non-sufficient fund occurrences

This sentence means that the technology checks the available balance in real-time and assists in reducing fees associated with non-sufficient funds, commonly known as NSF fees.

Microdynamic Software can enhance your financial services application by integrating Plaid tools. This integration will give your customers access to accurate transaction data, in-depth spending insights, user authentication validation, and risk mitigation measures like real-time balance checks to minimize NSF (Non-Sufficient Funds) fees.

Plaid tools
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