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The collaboration, announced this week, will integrate Plaid’s consumer-permissioned data with Algebrik, allowing for easier identity verification, financial data access and better decision-making for lenders and borrowers.
“With Plaid’s integration, they can access borrowers’ financial data with explicit consent, improving underwriting accuracy and reducing time-to-decision. Borrowers will experience a guided, frictionless journey, from application to loan disbursement, facilitated by Algebrik’s AI-driven platform.”
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