Overview

Plaid Auth API enables seamless connection and verification of bank accounts for financial transactions. It simplifies the process of retrieving key account details like IBAN and BIC, allowing users to set up direct debits and payouts securely. By integrating with the European financial ecosystem, Plaid ensures compliance with PSD2, making it suitable for services requiring bank account information verification, such as payments and lending platforms.

Features and Capabilities:

• Retrieves IBAN and BIC for instant account verification
• Ensures accurate payment setup and avoids misdirected payments
• PSD2-compliant integration with European financial systems
• Streamlined process for connecting and verifying user accounts
• Enhances user experience with seamless banking connections
• Provides secure, reliable access to financial data