Introducing fraud calibration and Trust Index for Plaid Identity Verification

Plaid, a leading provider of financial data platforms, has introduced two significant updates to its Identity Verification feature: `fraud calibration` and the introduction of a new metric called the `Trust Index`. These features aim to improve the effectiveness of identity verification in detecting and preventing fraudulent activity. The new `fraud calibration` system allows users to easily label sessions as fraud or not, helping to refine Plaid's algorithms and deliver protection tailored to their business needs. Additionally, the `Trust Index`, a holistic picture of each user, provides a comprehensive view of the risk factors for each individual, enabling businesses to make informed decisions about user verification. The updates are designed to help companies onboard more users while fighting fraud effectively across the entire customer journey, and Plaid plans to release further features in the coming months.