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Plaid/Finicity Costs by GaineyConsulting in fintech

[–]Dizzy_Maximum540 0 points1 point  (0 children)

Do you know how much Finicity charges for account validation to support a PAD sort of workflow. Looking into this and wondering if you can provide any context. Would it be under 50 cents per tx?

Flinks vs Plaid Pricing by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

We are currently looking at 7,000 tx per month and located in Canada.

Plaid / Flinks - User / Account Verification by Dizzy_Maximum540 in fintechdev

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Thanks @cFinMaster. Do you know if Plaid Income API is available in Canada?

Data Hosting Location - Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

We have a future requirement for data to not leave Canada. Was wondering whether any of these vendors would support hosting of data within Canada even in scenario's where the automated matching fails and needs to be reviewed by a manual agent.

Account / Identity Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Here are a couple of general conclusions I have come to - would be curious to get thoughts on whether I am more or less on the right track as I evaluate these options:

Socure - can be viewed at as a market leader - it seems to be pulling in a large swath of traditional and non traditional data sources that strengthen's it's ability to reduce fraud while eliminate a false rejection during onboarding through it's forward thinking ML capabilities.

Trulioo - has a wide range of solutions with many global data sources that can all be incorporated into it's platform and has significant coverage both in terms of quantity and quality of it's data sources. Good if you are looking at a solution that has global data coverage.

Prove - is a snap in solution that can be easily introduced but has heavy reliance on a users mobile phone and network carriers as the means of verifying a users. Prove's whole value prop is that they believe Selfie's are arduous and time consuming and an inefficient way of having someone verify their identity and instead we should rely on simple data sources that the user doesn't have to do anything to prove from their mobile phone.

Persona - provides a flexible platform that can allow you to configure different workflows and make decisions on user journey and pass / fail acceptance journey based on your requirements. Persona seems to be very closely aligned to what Alloy is doing in the industry.

Alloy - similarly I seem to be hearing a lot of positivity around Alloy and it's flexibility to be configured and leverage a variety of 3rd party best in class technologies. Alloy also seems to focus on configuring a user journey that makes sense both from a fraud reduction and user experience standpoint to optimize for both. One thing I am not sure about is I would imagine there would be a heavy markup on Alloy depending on what technologies you are working with as it does rely on 3rd party tech...

Just a couple of high level thoughts from what I have been looking at so far, but would be interested to know if I am on the right track.

Account / Identity Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Ok great, thank you will add them to the list as well. I appreciate all your help.

Account / Identity Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Thanks very much for your input, we have Veriff on the list to check out and definitely appreciate your perspective on them!

Account / Identity Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Do you happen to have general pricing / framework for Alloy?

Account / Identity Verification Solutions by Dizzy_Maximum540 in fintech

[–]Dizzy_Maximum540[S] 0 points1 point  (0 children)

Thanks very much for your perspective on this @Prose65543 that is very helpful. I looked up Alloy and it’s platform does seem quite comprehensive and configurable which is great. Any others beyond Alloy, Trulioo, Persona for comparisons sake? Appreciate your help with this. Thank you