Product Updates - June 2026
Blog post from Plaid
In June 2026, a series of product updates were introduced to improve various financial services, including account verification, credit underwriting, fraud prevention, and open finance reliability. Key improvements include the launch of API-based bank account verification for backend-only flows, expanded income and asset verification for home lending, and a revamped user interface for the Credit Dashboard, which enhances the review of consumer-permissioned financial data. Enhancements in fraud prevention now allow duplication of existing identity verification templates and offer typo retries for key identification details, reducing session failures. Additionally, the open finance updates introduce precise disconnect timing for items, allowing businesses to better manage re-engagement and reduce churn with more accurate timing information. These updates aim to streamline processes, increase verification accuracy, and enhance user experience across financial interactions.
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