Introducing Consumer Report: Making better credit risk decisions with Plaid

Plaid introduces "Consumer Report," a new solution that provides businesses with real-time, actionable cash flow data along with credit risk insights through Plaid Check, their consumer reporting agency (CRA). The Consumer Report leverages Plaid's expertise in bank account connectivity and offers lenders, property managers, and buy now pay later providers real-time visibility into a borrower's finances. By sharing their cash flow data, consumers can provide a more complete story of their financial situation, which is increasingly important as 83% of surveyed lending professionals are open to using new forms of credit data. The Consumer Report includes comprehensive cash flow data, income insights for ability-to-pay verification, and default risk predictions based on deposit account transaction data.