Plaid

Today we launch a product I'm super proud of: Plaid Guaranteed Payments. If Plaid approves a transaction, we stand behind it. If a payment fails, we cover the loss. All with industry-leader approval rates as high as 90%. ACH has always been hard to operationalize. Settlement and return windows stretch for days. Returns can come back for NSF, admin issues, or fraud, sometimes weeks after a transaction. Running a scaled risk program means dedicated teams, ML models, and constant tuning. The choice for most companies has been: make the user wait, or take on risk. The team and I have gone deep the last 6 months to bring the best of the best in modeling and unique Plaid data elements to make this a reality and its been one of the most rewarding journeys of my career so far. Huge thank you to Alex Perelygin Mengdi Zhang Serena Ng Jian Tian Yangyang X. Ethan Weber Isaac Zafuta Wallace Lim and many more who made this a reality in a very short timeframe. As Kalshi put it: "Plaid Guaranteed Payments lets us move fast while offloading ACH risk to a partner that understands our users' payments and transactions at network scale." Guarantee Payments is available now. Get in touch if you want to learn more! https://lnkd.in/e2PwHW2B

Today we're launching Plaid Guaranteed Payments. If Plaid approves a transaction, we stand behind it. If a payment fails, we cover the loss. All with industry-leader approval rates as high as 90%. ACH has always been hard to operationalize. Settlement and return windows stretch for days. Returns can come back for NSF, admin issues, or fraud, sometimes weeks after a transaction. Running a scaled risk program means dedicated teams, ML models, and constant tuning. The choice for most companies has been: make the user wait, or take on risk. With Guaranteed Payments, Plaid customers can offer real time settlement to users without having to worry about risk. It makes ACH a truly real time rail. The Plaid network is what makes this possible. Signal, our ACH risk model, has assessed over $230B in transactions, while Protect, our fraud intelligence platform, sees patterns across 500M+ linked accounts and covers risk tied to the user, the device, and the account. Together, they're how Plaid can stand behind every transaction we approve. As Kalshi put it: "Plaid Guaranteed Payments lets us move fast while offloading ACH risk to a partner that understands our users' payments and transactions at network scale." Guarantee Payments is available now. Get in touch if you want to learn more! https://lnkd.in/e2PwHW2B

Fraud has never moved faster, and neither has our team. Today we're announcing Trust Index 3 (Ti3), the latest model powering Plaid Protect. Ti3 catches up to 41% more fraud, backed by a fraud graph that can now traverse nine hops in real time to surface coordinated attacks before they spread. This isn't incremental. It's a fundamentally different way to detect fraud — built on network visibility across thousands of financial apps, not just what's happening inside one. I'll share more about what we're seeing across the industry and what we're building to stay ahead of it at Plaid Effects in NYC on May 21st. Check out the full Ti3 announcement below, and register to join us virtually – link in the comments.

When I first joined Plaid in 2018, one of the primary reasons behind my decision was the company's mission - unlock financial freedom for everyone. Eight years on, it's a key driver that keeps the entire Plaid team excited and motivated. We've partnered with some incredible companies over the years to help turn that mission into reality, and today, we're adding one more. https://lnkd.in/eTrhxBcF

Hot one! Security Engineering SWE team manager role at Plaid. This team manages IAM, KMS, network security, and more. SFO/NYC/SEA (2x/week hybrid). If you like managing SWEs and building security infrastructure, come join our world-class Security team! Note: I'm only able to give referrals for folks I've worked with. But rest assured that we do look at applications from the website - that's where most hires come from. https://lnkd.in/gXjwKs8b

No one wakes up wanting to “manage their finances.” They wake up wondering if they’re okay. Can I afford this? What changed? Am I falling behind? What should I do next? It’s why I’m excited Plaid is partnering with OpenAI . People don’t need more charts. They need help making the next right decision.

When I first joined Plaid in 2018, one of the key reasons behind my decision was the company's mission - unlock financial freedom for everyone. Eight years on, it's also one of the primary reasons I'm still here. We've partnered with some incredible companies over the years to help turn that mission into reality, and today, we're adding one more. https://lnkd.in/eTrhxBcF

"Life moves pretty fast. If you don't stop and look around once in a while, you could miss it," - FB. Congratulations to the Plaid and OpenAI teams on the launch of Personal Finances in ChatGPT. This marks a significant advancement in utilizing AI to assist millions in identifying financial patterns, understanding trade-offs, generating ideas, and planning for major decisions in a more personal and comprehensive manner. More here: https://lnkd.in/gskcJcPs

And the hits keep on coming - via our partnership with ChatGPT , we are excited to help people understand their financial lives better - in a secure, permissioned manner If you are building in the AI + fintech intersection, please reach out to our team at Plaid