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How DocAssemble can be integrated with Plaid? FinTech with LegalTech.



How DocAssemble can be integrated with Plaid? FinTech with LegalTech.
How DocAssemble can be integrated with Plaid? FinTech with LegalTech.

DocAssemble and Plaid Integration for QDRO Settlements


Modern LegalTech Solutions


With Docassemble, Sarah is able to automate the creation of legal documents related to QDRO settlements, freeing up time for her to focus on more complex tasks and better serve her clients. By using the platform, Sarah is able to take on more cases and provide faster, more efficient service to her existing clients.


Sarah was presented with a unique challenge to build a tool that can digitally collect all the assets information of their clients.


To write a DocAssemble interview that takes a plaid bank balance in a QDRO settlement, you will need to use the Plaid module in DocAssemble. This module allows you to access a user's bank account information using the Plaid API


 

Plaid
Plaid


Modern FinTech APIs & SDKs

In the world of wealth management, tools like Plaid can play a crucial role in the divorce settlement process. Plaid is a financial technology company that provides a platform for securely accessing and aggregating financial data from various sources, including banks, credit card companies, and investment firms.


For divorce attorneys and financial advisors working with clients going through a divorce, Plaid can be an invaluable resource for tracking and evaluating assets, liabilities, and other financial information. By using Plaid, professionals can quickly and easily gather the data they need to accurately value and divide assets during the settlement process.


In addition to helping with the division of assets, Plaid can also be used to track ongoing expenses and income for both parties during and after the divorce. This can be especially useful for determining alimony and child support payments, as well as for creating long-term financial plans for both parties.


 

How DocAssemble can be integrated with Plaid? FinTech with LegalTech.
How DocAssemble can be integrated with Plaid? FinTech with LegalTech.

To use the Plaid module, you will first need to sign up for a Plaid account and obtain your API keys. Then, in your DocAssemble interview, you can use the plaid_link_with_options function to prompt the user to link their bank account with Plaid.

Once the user has linked their bank account, you can use the function to retrieve their current balance. You can then use this information in your interview to calculate the appropriate amount to be allocated to the user in the QDRO settlement.


Here is an example of how you might use the module in a DocAssemble interview:

---
plaid:
  client_id: YOUR_PLAID_CLIENT_ID
  secret: YOUR_PLAID_SECRET
  public_key: YOUR_PLAID_PUBLIC_KEY

questions:
- question: |
    To determine the amount to be allocated to you in the QDRO settlement, we need to access your current bank balance. Please click the button below to link your bank account with Plaid.
  fields:
  - plaid_link:
      link_text: Link with Plaid
      institution: wells

- question: |
    Thank you for linking your bank account. Your current balance is $`plaid_get_balance()`. Based on this information, the amount to be allocated to you in the QDRO settlement is $XXX.
  fields:
  - amount:
      label: Amount to be allocated
      calculate: |
        plaid_get_balance() / 2
        

In this example, the field prompts the user to link their bank account with Plaid. The function is then used to retrieve their current balance and calculate the amount to be allocated to them in the QDRO settlement.

Please note that this is just an example, and you will need to adjust the specific details of your interview to fit your needs. For more information about the Plaid module and how to use it in DocAssemble interviews, please see the DocAssemble documentation.

With Docassemble, Sarah is able to automate the creation of legal documents related to QDRO settlements, freeing up time for her to focus on more complex tasks and better serve her clients. By using the platform, Sarah is able to take on more cases and provide faster, more efficient service to her existing clients.


MobileFirst Applications
MobileFirst Applications


FinTech plays a huge role in these scenarios. We took an example of Plaid in the above scenario. There are other solutions & data companies that can be equally vital.

  • Plaid : Plaid is a financial technology company that provides an API for securely accessing and aggregating financial data from various sources, including banks, credit card companies, and investment firms.

  • Yodlee : Yodlee is another financial data API provider that offers access to a wide range of financial data, including account balances, transaction history, and investment information.

  • MX : MX is a financial data API provider that offers access to a range of financial data, including account balances, transaction history, and investment information.

FintegrationFS is a FinTech development provider that helps clients build FinTech use cases. FintegrationFS also works as a system integrator for APIs, SDKs & solutions like Codat.io, Plaid, Rutter, Mambu etc.

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