Plaid and Ocrolus have partnered to offer lenders an easier way to access bank data to make informed loan decisions.
Plaid enables you to instantly connect a customer's bank account, giving you the ability to authenticate and retrieve borrower's data directly from their financial institution.
Ocrolus digitizes bank and credit card statements from all US financial institutions to help lenders digitize their data collection for cash-flow analysis. With the Plaid + Ocrolus integration, your users can securely link their bank accounts in seconds using Plaid’s front-end module. Plaid will retrieve the relevant bank information which can then be ingested by Ocrolus for further analysis and reporting in a seamless, secure fashion.
You will need to signup for the Plaid API keys in order to leverage their Link and API products to retrieve the borrower bank account data.
Ocrolus can ingest the following reports from Plaid:
Plaid data can be provided to Ocrolus through the following means:
Updated 4 months ago