Goodlord, a UK-based proptech platform, has formed a new open banking partnership with TrueLayer. Founded in 2014, Goodlord reports that its cloud-based platform is trusted by hundreds of agencies across the UK. The company has created a one-stop-shop by providing access to a dynamic suite of specialized services, including insurance, e-signing, referencing, and e-payments.
“We make renting easy through automated digital transactions, cutting agency time and spend by 50-75%. This enables agencies to focus on growing their business and providing a better service.”
TrueLayer has notably created universal APIs that allow companies to securely and efficiently access customers’ bank accounts to share financial data, make payments, and validate their identity. The company noted that it enables companies to capitalize on new open banking initiatives through the UK.
“Using TrueLayer, developers can quickly meet security requirements, comply with their regulatory obligations, and gain access to data and payments, allowing them to focus their resources on developing innovative products and services.”
While sharing details about the open banking partnership, Marvin Luksenberg, Goodlord’s Head of Referencing, stated:
“Tenant affordability assessments using the lettings industry’s traditional methods can take days, are intrusive, prone to fraud, and directly stand in the way of making the renting experience simple and stress-free. As a leading referencing provider, we are excited to offer this groundbreaking technology to tenants throughout the UK and to continue improving the rental experience by developing and investing in technology.”
Francesco Simoneschi, CEO and co-Founder of TrueLayer, added:
“Open Banking is really gathering pace. Each week we see new products and services that fuel disruption and improve the consumer experience. Goodlord is an excellent example of this process in action. By working with TrueLayer, Goodlord’s customers will be safe in the knowledge that they are using the most secure service available.”
