Plaid has acquired Cognito, an identity verification and compliance (KYC, AML) platform that makes it faster, easier and safer for people to verify their identity when signing up for financial services online. Verifying someone’s identity is critical across almost all financial services, yet remains a major challenge for many companies that stitch together different solutions to get the tools and data needed.
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Identity verification platform Cognito is joining Plaid
Together, we can combine our experience in safely connecting millions of people to financial apps with Cognito’s expertise in identity and compliance to help make the onramps to digital finance easier, safer and more accessible for everyone.
