With Plaid’s Auth and Identity products, Placid Express can now quickly and accurately confirm bank details and verify ownership of accounts.
With Plaid’s Auth and Identity products, Placid Express can now quickly and accurately confirm bank details and verify ownership of accounts.
2 PagesA solution to provide speed and security in the digital remittance space. Placid Express, a remittance company founded in 1996, enables its customers to securely, affordably and efficiently send money to friends and family abroad. It services eight countries in South and Southeast Asia, including India, the Philippines and Vietnam. Consumers can also utilize its in-network direct deposit services to many countries in Europe. When Placid Express introduced a digital version of its money transfer service in 2014, it faced unprecedented challenges. Top-notch fraud verification took on new importance, for starters. Moreover, many remittance companies in the digital space force consumers to choose between speed and price—a tradeoff Placid Express didn’t want to make. Unlike cash-based
