back Back

Fronted launches on Yobota’s core banking platform

By Megha Bhattacharya

February 24, 2021

  • Fronted
  • UK
Share

yobotaUK-based technology firm Yobota has announced the launch of rental deposit FinTech Fronted on its core banking platform. Fronted aims to help renters afford deposits when signing new tenancy agreements. The startup does this by offering a fixed 12.5% loan to cover the deposit, with renters able to spread the cost across up to 12 months.

Ammar Akhtar, CEO of Yobota, said, “It is great to see Fronted launch to market – they are addressing a major societal issue, by helping renters get easier access to homes, with the potential of building their credit scores at the same time. We’re really proud to be powering another innovative company in the UK.”

“The launch of Fronted is an important step for Yobota, too. We’ve demonstrated that our APIs can be used to build a wide variety of customer experiences, while putting our clients in the driving seat.”

According to Yobota, its flexible architecture and expressive Application Programming Interfaces (APIs) enabled Fronted to create an offering while focusing on user experience and simplicity. It also ensures Fronted can continue to improve its product and adjust to the changes in the market.

Jamie Campbell, Co-founder and CEO of Fronted, added, “Fronted was created to help renters move more easily and reduce their upfront costs. A flexible and reliable technology partner was needed to support this ambition, and to provide the underlying technology required to simplify the upfront rental deposit issue.

“The flexibility offered by Yobota’s architecture enabled us to create an innovative and tech-driven solution to a long-standing problem in the UK rental market. By utilising Yobota’s APIs, we were able to build a customised user experience that reduces the time and complexity involved in applying for a rent deposit.”

Previous Article

February 24, 2021

Symphony AyasdiAI unveils Sensa for AML and financial crime detection

Read More
Next Article

February 24, 2021

Deutsche Bank and Mastercard expand partnership to boost digital payment innovations

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Fronted

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

FinTech Focus: Catch latest developments of the week

Read More

May 17, 2024

Mastercard, Standard Chartered, Mox & Libeara to support tokenised assets

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023