Today In Digital-First Banking: Plaid Rolls Out Income Verification Tool; Revolut Grows To Additional European Nations

Plaid, the financial technology upstart, is debuting Plaid Income, which is meant to simplify the income verification process. For instance, the product would make it easier for consumers to receive loans or rent apartments. The firm noted that income and employment verification is essential to processing loan applications, although it is generally a burdensome process that takes a lot of time. However, the new Plaid Income offering provides one simplified method for income verification...
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