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Obligo Collaborates with BNY Mellon to Digitize the Rental Experience for Property Managers
Obligo, the fintech company that builds trust between renters and landlords through financial technology through its suite of security deposit solutions, announced the completion of its proof of concept as part of BNY Mellon’s Ascent Program, which seeks out exceptional technology companies offering cutting-edge solutions for financial industry challenges and collaborates with them to expedite growth. During the proof of concept, Obligo and BNY Mellon validated Obligo’s ability to integrate into core banking services such that it would be able to provide its service to the bank’s clients directly from their banking portal.
Obligo’s product suite powers a trusted and streamlined rental experience for both landlords and renters. Obligo provides landlords and property managers the ability to maintain full protection, lower their overhead, and offer an appealing amenity for renters – who can choose to keep their security deposit, and instead use it to save, invest, or spend. As the industry’s deposit-free integration partner of choice, Obligo can be easily embedded in property management and financial services software, offering scalable API architectures, top of the line customer service, and the highest standards of security.
“Obligo is making significant investments in building out our API integration infrastructure with strategic fintech and proptech software partners,” said Roey Dor, CEO and Co-founder of Obligo. “By being part of BNY Mellon’s Ascent Program, we have accelerated and strengthened our ability to collaborate with key financial institutions.”
“With the saturation of proptech tools in today’s housing market, property managers and renters alike are increasingly challenged by multiple application logins, interfaces and workflows,” said Fabian Khoshbakht, Global Head of Client Insight & Innovation for Treasury Services at BNY Mellon. “We believe in innovating through collaboration and look forward to continuing to support Obligo in the security deposit management solutions space.”
For more information, visit myobligo.com.
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