Building Solutions at the Speed of Fintech

Plaid and Unqork partnered to help financial services companies compete with fintech by accelerating the builds of digital solutions like secure customer onboarding & wealth management.

Plaid’s Nina Whelan (Partnerships) and David Majetic (Enterprise Sales Engineer) sat down for a discussion at Unqork Create around the current landscape of fintech adoption. They discuss how financial service companies can compete with fintech disruptors by causing some disruption of their own: build easily and at scale leveraging the capabilities of Unqork’s no-code platform and Plaid.

Plaid makes it easy for people to connect their financial accounts to the applications and services they want to use. Considering that 84% of users plan to keep using digital tools to manage their money weekly or more after COVID ends, this is a huge opportunity for financial services incumbents to keep pace with their newer competitors.

“For more than two thirds of Americans, technology has become the lifeline to manage money during this time. And most plan to sustain that heightened usage, saying, after COVID-19, using technology to manage money will become the new normal,” says Nina. “In fact, the majority say they now can manage entirely without a bank’s physical presence, instead favoring these contactless digital solutions.”

David walks through account funding & onboarding and wealth management demos that leverage Plaid Link and Unqork. While you get the full details by watching the demos, here is a sneak peek of the use case for leveraging no-code to create an account onboarding application: focusing on identity authentication and balance, you see the automated retrieval of account and routing numbers, confirmation of their identity, and assurance that the user has sufficient balances in order to transfer funds.

 “Plaid Link can be point-and-click integrated with Unqork. So it’s very aligned with Unqork’s vision statement in terms of clicks, not code,” David explains.

And it’s easy to make this capability a reality! “Plaid Link can be point-and-click integrated with Unqork. So it’s very aligned with Unqork’s vision statement in terms of clicks, not code,” David explains. “They host the entire experience. The data that gets returned from Plaid Link can be manipulated in the Unqork Designer and various logic and flows can be run as well.”

Want more funded accounts thanks to an extremely fast time-to-value? It’s time to leverage Unqork and Plaid. Watch the video above to learn how your financial services organization can utilize our joint capabilities.