RIGA, Latvia (11th of October, 2022) – Referencing software Lettings In A Box has teamed up with Nordigen, the only freemium open banking provider, to enhance their application and assessment processes.
Lettings In A Box is one of the UK’s leading referencing companies. Formed by lawyers and insurance specialists, the business offers a seamless platform for tenant and guarantor referencing. In order to ensure that the risks of default and fraud are kept to an absolute minimum, Lettings In A Box uses a hybrid of technology, AI, and human decision-making. The platform facilitates all the required procedures between landlords and tenants, including document, employment and identity verification, credit checks and landlord authentication.
In addition to referencing processes, Lettings In A Box offers their customers a wide range of insurance policies to better protect their users, such as deposit replacement, rent guarantee, tenant liability and home emergency.
“Technology such as open banking and open payroll have become more important in the decision-making process since fraudulent reference requests have increased to about 2% nationwide in the UK. We partnered with Nordigen to help combat these issues and ensure our platform is as technologically innovative as possible,” says Elliott Smart, Director of Business Development at Lettings In A Box.
The integration with Nordigen enables Lettings In A Box to access financial data directly from clients’ business bank accounts for accurate, real-time tenant screening procedures.
“We are delighted to see Lettings In A Box join us as a valuable client. Their solution is incredibly helpful for the property and rental management sector, enabling a significantly more streamlined process for both tenants and landlords. We are excited to see open banking continue to spread across different markets, enhancing services and products,” says Rolands Mesters, co-founder and CEO of Nordigen.
Nordigen is a freemium open banking platform that provides free access to open banking data and premium data insights. Nordigen’s free API connects to more than 2,300 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries.
About Lettings In A Box
Lettings In A Box is one of the UK’s leading referencing companies. The company, founded by lawyers and insurance experts, provides an end-to-end referencing platform for effortless tenant and guarantor referencing. Lettings in a box utilises a hybrid of technology, AI and human decision-making to ensure the risks of default and fraud are at an absolute minimum.