Obligo Wins “Open Banking Innovation” Award

We’re proud to announce that Obligo has been selected as winner of the “Open Banking Innovation Award” in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

Using open banking and AI, Obligo powers a trusted and streamlined rental experience that allows qualified renters to skip paying a security deposit, and instead use it to save, invest, or spend. Obligo provides landlords and property managers the ability to maintain full protection, lower their overhead, and offer an appealing amenity for renters. As the industry’s deposit-free software partner of choice, Obligo can be easily embedded in property management and financial services software.

How Obligo Uses Open Banking

Obligo harnesses AI, machine learning, and historical lease outcome data, to produce a simple, short and transparent qualification process. The simplest way for a renter to qualify is to connect a bank account via open banking.. Obligo looks at several key metrics from the renter’s bank account history to instantly determine if it meets the qualification criteria for deposit-free living. If a renter does not qualify by connecting their bank account, Obligo pinpoints the reason and offers alternate paths to qualification. Read more about the benefits of open banking.

“Obligo’s breakthrough deposit solution streamlines operations and improves the experience for both property managers and renters.” said Steve Johansson, Managing Director, FinTech Breakthrough. “Obligo’s open banking solution is the most effective and transparent deposit alternative on the market. We’re thrilled to recognize Obligo as our 2024 ‘Open Banking Innovation Award’ winner.”

“Open banking technology is reshaping the rental experience of the future, enabling instantaneous renter qualification and secure payment processing.” stated Roey Dor, CEO and Co-founder of Obligo. “We’re honored by the recognition from FinTech Breakthrough for our contributions to this field. Our commitment to further investing in open banking technology underscores our dedication to our customers and the evolution of the rental industry.”