Now supporting Identity for 1,000+ institutions

The text discusses an update on the expansion of coverage for the Identity product by Plaid, a financial technology company. Initially supporting 300 institutions in the United States, they have now expanded to over 1,000 financial institutions including major community banks like IBERIABANK, Simmons Bank, and Community Bank. The text emphasizes the importance of identity information in enhancing the financial technology ecosystem, aiding app developers to serve their users effectively and combating fraud. It also mentions that despite its potential, some institutions have questioned whether consumers should be able to delegate access to this information. Plaid's Identity product allows application developers to compare user-submitted data with identity information including name, email, physical address, and phone number, thereby supporting critical services for consumers and mitigating fraud risks. The text concludes by encouraging users who are already using the Identity product to take advantage of these new institutions as they are automatically included in Link. For those interested in viewing the full list of supported institutions, it directs them to Plaid's docs and API.