Investing / BrokerageSourced
Case Study: Robinhood unlocks $100M in instant funds yearly with Plaid Signal
Robinhood Case StudySourced & dated by Case Study Desk
Key results
The challenge
Robinhood, a commission-free trading app with over 23 million customers, needed to extend instant funds access while managing the risk of ACH returns.
The solution
Robinhood adopted Plaid Signal, which returns over 60 predictive insights per response based on more than 1,000 risk factors, to assess ACH return risk.
“By leveraging insights from Plaid's consumer-permissioned network and our own data, we're able to offer instant trading to more customers while also lowering the risk of returns. It's a win-win.”
OSOmid ScheybaniHead of Partnerships and Business Development, Robinhood
The results, in context
Using Plaid Signal allowed Robinhood to unlock 1.5% more in instant funds, or roughly $100 million on an annualized basis, while lowering the risk of returns.
Products used
Plaid SignalPlaid Auth