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agentOS receives FCA approval to offer Open Banking to letting agents

Thursday 12 March 2020 13:32 CET | News

UK-based property software supplier agentOS has received approval from the Financial Conduct Authority to offer an Open Banking solution to letting agents.

Through Open Banking, agentOS will allow agents to automate payments and improve the tenant to agent to landlord payment journey, which they say will be help agents reduce the amount of out of hours payment work they are having to do. 

Many letting agency owners are in a bind because of the growth of the PRS. As they take on more properties, they have to spend more time dealing with rent payments and contractors' bills, according to propertyreporter.co.uk. According to agentOS, agents who use its Open Banking solution will benefit from a 'more seamless' online banking solution.


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Keywords: agentOS, letting agency, Open Banking, UK, Financial Conduct Authority, United Kingdom, Open Banking Solution, PSD2, payments automation
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
This article is part of category

Banking & Fintech