Mashroom, AI and Big Data based property rental, sales and management as a service platform, has announced that starting today Passbase will be its Know Your Customer (KYC) tool of choice to speed up and secure its customer verification and onboarding processes.
By integrating Passbase’s identity verification service, Mashroom customers are able to securely sign up and start renting out a flat by going through a simple and frictionless three-step identity verification process.
First, users take a selfie then they’re asked to upload a photo of the front and back of their government-issued ID. Passbase’s technology then checks the authenticity of the uploaded document and compares and matches it to the user’s face, ultimately detecting fraud and spoofing attempts.
Established in 2018, Mashroom empowers tenants and landlords to rent and manage residential properties in the UK via a simple to use self-service platform. It aims to save over £8 billion in fees paid to intermediaries annually and incorporates the entire rental lifecycle in one place including, property advertising, viewing, credit history checks, offer negotiation and signing and maintenance and dispute resolution.
“With fraud becoming an increasingly troublesome issue in the property market at the moment, we are taking extra steps in the protection and security of our landlords and tenants. By using Passbase we are making our customer verifications easier, faster and safer.” Stepan Dobrovolskiy, co-founder and CEO of Mashroom.
Dave McGibbon, co-founder and CEO of Passbase said, “With Passbase, Mashroom doesn’t have to choose between a seamless user journey and secure onboarding and we’re excited to provide both for the growing PropTech. We’re delighted to join them on their journey as they continue to scale further and look forward to helping them improve the rental sector.”