Checkboard has been launched to give housing providers a faster and more accurate way of onboarding new tenants, covering tenant identification, anti-money laundering, credit checks, affordability and open banking APIs.
James Owusu, founder, Checkboard, said, “We’re building trust one check at a time. The whole system where tenants have to prove who they are and their financial background multiple times isn’t exactly broken but it is slow and inefficient, with numerous gaps between processes.
“We realised that housing providers were between a rock and a hard place because they needed insights about whom to trust as being their next tenant. Referencing providers typically only do affordability and credit checks, unlike Checkboard. We do identity, credit, AML and open banking checks, as well as searches against global registries, HM Land Registry (where applicable) and bankruptcy registers – in fact, eleven data points in total.”
Checkboard integrates with many common CRM systems so that housing providers can easily pull in tenant data from their existing systems.
Yazad Bajina, sales and partnership director, Checkboard, said, “It only takes prospective tenants five minutes to use our solution; we can then automatically give precise, secure information to any housing provider who needs to verify them. So, no hassle for the users combined with seamless efficiency, instead of a three-day or more delay that is the norm.
“We can’t guarantee to onboard a new tenant in five minutes, but we do know that once our solution is working 24/7 for a housing provider, their workflows and decision-making are enhanced, so the chance of them making the wrong decision about a prospective tenant is minimised.”
