Scaling Instant Onboarding to Hundreds of Millions of Users

Plaid's Layer is an advanced financial onboarding platform designed to meet the increasing demand for fast and seamless digital experiences, enabling companies from startups to large fintechs like Acorns to onboard millions of users with minimal effort. By implementing Layer Extended Autofill, Plaid has expanded its user base from tens of millions to hundreds of millions, allowing for nearly instant onboarding by reducing manual data entry and enhancing user engagement. This system utilizes Plaid's trusted identity infrastructure to ensure secure and compliant onboarding, which is supported by real-time risk checks and user confirmations in line with recent FDIC guidelines. Acorns has reported improved conversion rates and user retention through this streamlined process, demonstrating Layer’s impact as a standard for frictionless and secure digital onboarding.

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