True / False
True/False: Plaid Identity Verification (IDV) helps businesses verify user identities and comply with KYC regulations.
True
Name one Plaid product that assists in verifying a user’s bank account ownership.
Identity Match
The Plaid IDV feature that allows users to verify their identity using a government-issued ID is called _________ Verification.
Documentary
What is the primary function of Plaid’s Layer product?
A) Fraud detection
B) Instant financial onboarding
C) Payment processing
D) Credit reporting
B) Instant financial onboarding
What did Zach Perret major in at Duke?
Chemistry + Biology
Plaid Layer only works with Plaid IDV and cannot be used with other identity verification providers.
False
What is the name of the Plaid product that screens users against fraud reports from other businesses in the network?
Beacon
Plaid’s ________ product provides anti-money laundering (AML) compliance by screening users against government and PEP watchlists.
Monitor
Which of the following is NOT a method of verification used in Plaid IDV?
A) Data source verification
B) Fingerprint scanning
C) Documentary verification
D) Liveness (selfie) verification
B) Fingerprint scanning
This Plaid product was made at Plaiderdays
Balance
Users do not need to go through a separate KYC process if a user successfully completes a Layer session.
False
What is the feature that allows returning users to store account and identity data in the Plaid network?
Remember Me / Returning User Experience
The _______ feature within IDV allows businesses to authenticate users by comparing their submitted selfie to their government-issued ID.
Liveness Verification
What is one security check that Plaid Layer performs to verify a returning user before completing onboarding?
A) Social security number check
B) Silent network authentication
C) CAPTCHA verification
D) Email verification
B) Silent network authentication
Name every intern from last summer
Sophia, Matthew, Alex, Riley, Anya, Julianna
Plaid IDV’s behavioral analytics can detect if a user is copying and pasting personal information during verification.
True
Which identity fields can Layer return?
Name, Address, SSN, birthdate
The Plaid Layer dashboard allows customers to customize the onboarding experience by adjusting ________, ________, and ________.
Branding, intro pane messaging, and theme colors
Which of the following fraud signals does Plaid NOT analyze as part of IDV?
A) IP address geolocation
B) Email and phone risk scoring
C) Fingerprint biometrics
D) Device and behavioral analytics
C) Fingerprint biometrics
How much did Plaid raise in their seed funding in 2013?
$2.8 million