NAYA + Plaid Integration
NAYA's Plaid integration aggregates bank account data from thousands of financial institutions, enabling automated reconciliation between your internal ledger, payment processors, and actual bank balances. Instead of manually downloading statements, your finance team sees real-time bank activity flowing directly into NAYA's reconciliation engine.
Integration Benefits
Real-Time Bank Feeds
Bank transactions flow into NAYA as they post to your accounts—no more waiting for manual statement downloads or end-of-day batch files. Your cash position updates continuously throughout the day.
Multi-Bank Aggregation
Connect accounts from multiple banks through a single integration. Whether you maintain operating accounts at different institutions or manage treasury across regions, all bank data consolidates into NAYA's unified reconciliation view.
AI-Powered Transaction Categorization
Plaid's transaction enrichment combined with NAYA's AI categorization automatically classifies bank transactions by type, merchant, and purpose. This intelligent categorization accelerates matching against your internal records.
Balance Verification and Cash Visibility
Real-time balance data from all connected accounts enables accurate cash position tracking. NAYA verifies that your ledger balances match actual bank balances, flagging discrepancies immediately.
How to Connect
Connect Bank Accounts via Plaid Link
Use Plaid Link within NAYA to securely connect your bank accounts. Select the accounts you want to include in reconciliation—checking, savings, money market, or other account types. The connection process uses bank-grade security with no credential storage in NAYA.
Configure Account Mapping
Map each connected bank account to the corresponding account in your chart of accounts or internal ledger structure. NAYA uses these mappings to route transactions correctly and match bank activity against the appropriate internal records.
Set Transaction Sync Preferences
Configure how frequently NAYA pulls transaction data and how far back to import historical transactions. Default settings provide daily sync with 90 days of history, but you can adjust based on your reconciliation needs.
Define Reconciliation Rules
Configure matching rules for bank transactions against your internal records. NAYA provides intelligent defaults that handle common patterns—wire transfers, ACH payments, card transactions—but you can customize rules for specific counterparties.
How NAYA Connects to Plaid
NAYA integrates with Plaid's data aggregation platform to access bank account information from over 11,000 financial institutions across North America and Europe. The connection uses Plaid Link, a secure interface for bank credential verification that never exposes login information to NAYA.
Once connected, Plaid maintains the relationship with your bank, handling authentication refreshes and data retrieval. NAYA receives transaction and balance data through Plaid's API, processing this information into your reconciliation workflow automatically.
For institutions supporting real-time data, Plaid webhooks notify NAYA immediately when new transactions post. For others, scheduled syncs ensure regular data freshness.
What Data Flows Between Systems
The Plaid integration delivers comprehensive bank account data to NAYA:
- Transaction Details: Date, amount, description, category, merchant information, and enriched transaction data.
- Account Balances: Current and available balances for each connected account, updated with each sync.
- Account Metadata: Account names, types, official names, and institution information.
- Transaction Categorization: Plaid's machine learning categorizes transactions by type for accelerated matching.
Use Cases
Multi-Bank Cash Management
For treasury teams managing cash across multiple banks, the Plaid integration provides unified visibility. Instead of logging into separate bank portals or waiting for account statements, all bank balances and recent transactions appear in NAYA's dashboard.
Accounts Payable Reconciliation
When you issue payments—via check, ACH, or wire—tracking when they clear becomes a reconciliation challenge. The Plaid integration captures outgoing transactions as they post, allowing NAYA to match payment records against actual bank debits automatically.
Accounts Receivable Verification
Incoming customer payments appear in NAYA as soon as they post to your bank. Whether customers pay by ACH, wire, or check, the Plaid integration captures deposits for matching against outstanding invoices.
Treasury Visibility and Forecasting
Accurate cash forecasting requires accurate current position data. The Plaid integration ensures your starting cash position reflects reality. Combined with your general ledger data, NAYA provides a complete picture for treasury planning.
Benefits of Aggregated Bank Data
Manual bank reconciliation involves downloading statements, importing data, mapping accounts, and matching transactions one by one. At scale, this process consumes significant finance team time and creates reconciliation lag.
The Plaid integration eliminates this manual workflow. Bank data flows automatically, account mapping persists across syncs, and matching happens continuously. Finance teams shift from data gathering to exception investigation.
Getting Started
Modern bank reconciliation requires modern data connectivity. Learn more about how AI-powered reconciliation can transform your bank reconciliation operations.
FAQ
How many banks does Plaid support?
Plaid connects to over 11,000 financial institutions in the US, Canada, and Europe. This includes major national banks, regional banks, credit unions, and online-only financial institutions. If your bank offers online banking, Plaid likely supports it.
Is bank data secure?
Yes. Plaid uses bank-level encryption and security practices. Your bank credentials are verified directly with your institution through Plaid Link—NAYA never sees or stores your login information. Data in transit is encrypted via TLS, and data at rest uses AES-256.
How often does bank data refresh?
Refresh frequency depends on your bank's capabilities. Many institutions support daily automatic refreshes. Some support real-time webhooks that notify NAYA immediately when new transactions post. You can also trigger manual refreshes anytime.
Can I import historical bank transactions?
Yes. When you connect a bank account, NAYA imports historical transactions—typically 90 days by default, with options for up to 24 months depending on institution support. This historical data establishes baseline reconciliation status.
What happens if my bank connection breaks?
Plaid monitors connection health continuously. If a connection requires attention—due to credential changes or multi-factor authentication prompts—NAYA notifies you to reconnect. Existing transaction data remains available during any connection interruption.