back Back

Goodlord partners with Tink to streamline Tenant Referencing

By Gloria Methri

May 11, 2023

  • FinTech
  • Goodlord
  • Income Verification

Tink, Goodlord, Open Banking, Tenancy Referencing, Income Verification, FinTech, UKUK-based RentTech platform Goodlord has partnered with open banking platform Tink, to maintain its approach to the use of financial technology in tenancy referencing.

Goodlord, who first integrated open banking into its referencing offer in 2018, will use Tink’s Income Check technology to offer fast and effective referencing to tenants while improving fraud detection capabilities.

Tink’s Income Check technology enables instant verification of a potential renter’s income with secure, up-to-date data directly from their bank account. Renters can consent to
connecting to their bank account, where incoming transactions over more than 12 months
can be instantly categorised as salary, pension, benefits, or cash deposits.

The technology enables Goodlord to streamline the income verification process and reduce the time it takes for applications to be approved. The integration with Tink also optimises approval rates, limits incomplete applications, and minimises the possibility of fraud. Tink’s technology has already been fully embedded into Goodlord’s platform.

Nicola Harding, Referencing Operations Manager at Goodlord said, “We are very pleased to be partnering with Tink on our open banking capabilities. We have long been advocates of open banking technology. It plays a crucial role in both modernising the process for tenants, while also protecting agents and their landlords from fraud.”

Tasha Chouhan, UK Banking & Lending Director at Tink added, “It is great to see Goodlord continuing to pioneer the use of open banking, paving the way for fast, safe, and more accurate verification of income. In the current climate, it is more critical than ever to have an up-to-date and comprehensive view of tenants’ finances, to know they can comfortably afford the rent. It also ensures those renters whose income payments are irregular, such as the self-employed or those working in the gig economy, have a fairer chance to secure a rental property.”

Previous Article

May 11, 2023

Boubyan Bank implements Murex’s MX.3 platform for Sharia-Compliant Treasury Activity

Read More
Next Article

May 11, 2023

Tyr Ventures invests in AAZZUR to transform embedded financing

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

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

July 17, 2024

FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More

July 17, 2024

Invest Blue taps GBST for its WealthConnect practice management solution

Read More

July 16, 2024

TISA goes live with Oracle’s core banking system, Flexcube 14.7

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
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!
Get your copy now! IBSi Sales League Table 2024