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Income verification is white-hot right now, and Plaid wants in Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll data. Dubbed simply Income, the new product — which is currently in beta — is designed to make it easier for people to verify their income in order to do things like secure loans, qualify for mortgages, rent apartments and lease cars, among other things. Plaid Income gives lenders — both at fintech companies and financial institutio...

Fintech Firm Plaid Introduces Deposit Switch to Automate and Streamline Account Funding Ashley Cornall, Product Manager at Fintech firm Plaid, notes that more financial platforms and services now exist than ever before to assist users with taking control of their financial wellbeing. But it might still be quite challenging for consumers to direct where their payroll funds go when choosing services that best meet their financial requirements. Cornall explains in a blog post that changing where direct deposits go is “usually a manual and time-consuming process for both financial institutions...