Annual awards recognize the most outstanding financial technology products and companies around the world
NEW YORK, March 14, 2024 /PRNewswire/ — Mandatorythe fintech company powering the rental experience of the future and building trust between tenants and landlords through financial technology, has been selected as the winner of the Open Banking Innovation Award in the 8th annual FinTech Breakthrough Awards programme organised by FinTech Breakthroughan independent business intelligence organization that recognizes the best companies, technologies and products in the global FinTech market today.
Using open banking and AI, Obligo delivers a trusted and simplified rental experience that allows qualified tenants to skip the security deposit and instead use it to save, invest or spend. Obligo provides landlords and property managers with the ability to maintain comprehensive protection, reduce overhead, and provide an engaging service to tenants. As the industry’s leading no-deposit software partner, Obligo can be easily integrated into property management and financial services software.
Obligo leverages AI, machine learning, and historical lease outcome data to produce a simple, short, and transparent tenant qualification process. The easiest way to qualify is to connect a bank account via open banking. Obligo looks at several key indicators from a tenant’s bank account history to instantly determine if they meet the qualification criteria for deposit-free living. If a tenant does not qualify by connecting their bank account, Obligo identifies the reason and provides alternative pathways to qualify.
“Obligo’s revolutionary deposit solution streamlines operations and improves the experience for property managers and tenants,” said Steve JohanssonManaging Director of FinTech Breakthrough. “Obligo’s open banking solution is the most efficient and transparent deposit alternative on the market. We are delighted to recognize Obligo as our 2024 Open Banking Innovation Award winner.”
“Open banking technology is reshaping the rental experience of the future, enabling instant tenant qualification and secure payment processing,” said Roey Dor, CEO and co-founder of Obligo. “We are honored by FinTech Breakthrough’s recognition for our contributions in this space. Our commitment to further investing in open banking technology underscores our dedication to our customers and the evolution of the rental industry.”
About Obligo
Obligo’s mission is to power the future of rental experience and build trust between renters and landlords through financial technology. As the first alternative to security deposits using bank-issued letters of credit and backed by Wells Fargo, Obligo uses open banking and AI to determine tenant eligibility to rent without a deposit. Founded in 2018 by brothers Roey Dor and Omri Dor, Obligo has raised over $50 million and seeks to bring its revolutionary rental solutions to millions of homes around the world. the united states.
About FinTech Breakthrough
A part of Technological breakthroughA leading market intelligence and recognition platform for technology innovation and leadership around the world, the FinTech Breakthrough Awards program is dedicated to recognizing excellence in financial technology and services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories such as payments, personal finance, wealth management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information, visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service described in our recognition programs and does not advise technology users to select only those vendors that have received recognition. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
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