Goodlord, a leading RentTech platform in the UK, has partnered with Tink, Europe’s leading open banking platform, to enhance its tenancy referencing process. The integration of Tink’s Income Check technology allows Goodlord to offer fast and secure income verification for tenants, improving fraud detection capabilities and streamlining the approval process.
Facts
- Goodlord has partnered with Tink to leverage its open banking platform for tenancy referencing.
- Tink’s Income Check technology enables instant verification of a renter’s income using secure, up-to-date data from their bank account.
- Renters can consent to connect their bank account, allowing transactions over 12 months to be categorized as salary, pension, benefits, or cash deposits.
- Tink’s Income Check provides a reliable alternative to current affordability checks, facilitating quick and safe income verification for landlords and agents.
- The integration with Tink optimizes approval rates, reduces incomplete applications, and minimizes the risk of fraud by verifying tenant income claims.
- Goodlord has fully embedded Tink’s technology into its platform, enabling a more modern and secure tenancy referencing process.
- Goodlord and Tink highlight the importance of open banking in modernizing tenant processes, protecting agents and landlords from fraud, and providing a comprehensive view of tenants’ finances.
