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Payroll Data: The Next Frontier for Open Finance.

Published by Plaid

The whitepaper "Payroll Data: The Next Frontier for Open Finance" by Plaid explores the importance of payroll data in enhancing consumers' financial control and the broader fintech ecosystem. It highlights the challenges consumers face in sharing payroll data and the benefits of digitizing these processes. By enabling consumers to control their payroll data, fintech companies can offer more personalized financial products such as improved credit underwriting, direct deposit switching, and comprehensive income verification. The paper emphasizes the synergy between payroll data and open finance, advocating for seamless data sharing to drive innovation and improve financial well-being.

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Related Categories Payroll, Payroll

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