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U.Okay.-based renttech firm Goodlord introduced a partnership with open banking platform Tink this week.
Goodlord will leverage Tink Revenue Examine to assist landlords improve their reference checking course of.
Headquartered in Stockholm, Sweden, Tink is a two-time Finovate Better of Present winner.
Goodlord, a renttech platform based mostly within the U.Okay., has introduced a partnership with open banking platform Tink. Goodlord will use Tink Revenue Examine as a part of its effort to modernize its tenant software course of. The know-how will even assist Goodlord improve its fraud safety for each brokers and landlords.
Tink Revenue Examine will allow Goodlord to deliver real-time information straight from tenant financial institution accounts to its reference checking processes. With the consent of the renter, landlords will be capable to confirm earnings from salaries, pensions, and extra going again 12 months or longer. Tink Revenue Examine additionally optimizes approval charges and reduces each fraud and software abandonment. The know-how serves as an alternative choice to the usual affordability test.
“We’re very happy to be partnering with Tink on our open banking capabilities,” Goodlord Referencing Operations Supervisor Nicola Harding mentioned. “We’ve lengthy been advocates of open banking know-how. It performs a vital position in each modernizing the method for tenants, whereas additionally defending brokers and their landlords from fraud.”
Based in 2017, Goodlord was launched to assist easy the method of renting properties – for all events concerned. By 2020, the corporate had processed one billion kilos by way of its platform. A yr later, Goodlord introduced that it had 1,000 company clients. The corporate’s know-how works together with the owner’s or company’s CRM to handle your complete tenancy course of – from supply letter to hire assortment.
“Within the present local weather, it’s extra vital than ever to have an up-to-date and complete view of tenants’ funds, to know they will comfortably afford the hire,” Tink’s U.Okay. Banking & Lending Director Tasha Chouhan mentioned. “It additionally ensures these renters whose earnings funds are irregular, such because the self-employed or these working within the gig financial system, have a fairer probability to safe a rental property.”
A two-time Finovate Better of Present award winner, Tink most just lately demoed its know-how at FinovateEurope 2019. This yr alone, the Stockholm, Sweden-based fintech has introduced partnerships with credit score supplier Younited, Italian fintech ConTe.it Prestiti, and Finland-based Multitude Financial institution.
Visa acquired Tink in 2021. CEO Daniel Kjellén co-founded the corporate in 2012.
Picture by Miguel Á. Padriñán
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