Fintech Infrastructure Developer Alchemy Partners Plaid to Help Businesses with Account and Asset Verification January 15, 2021 @ 6:30 pm By Omar Faridi Alchemy Technologies, an established Fintech infrastructure development firm headquartered in Utah, has teamed up with financial technology firm Plaid, which provides a data network that powers the software tools that millions of consumers are using to “improve their financial lives.” Alchemy is notably one of the leading software-as-a-service (SaaS) Fintech lending infrastructure firms. Through its partnership with Plaid, both companies plan to assist businesses with their account and asset verification so that they can enhance their lending decision-making processes. According to a release, Alchemy has implemented various algorithms and detection tools to assist its customers with examining each applicant’s financial situation or status. These algorithms also aim to ensure that consumers are protected from taking out “redundant and costly loan products.” As noted in the announcement, Alchemy customers will be able to access Plaid’s suite of APIs offering “clean transaction, identity, and income data to build more responsible lending products and support the next wave of core lending solutions.”