Lendlord has launched an open banking integration, which allows landlords to automate their cashflow and bookkeeping.

The open banking tool will allow users of Lendlord to fully automate their cashflow and rent collection.

Landlords will also be able to review their expenses breakdown and up-to-date profit and loss position across their entire portfolio.

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The portfolio management platform has been approved by the FCA to partner with open banking platform, Plaid.

As a result of this partnership, users will be able to link an unlimited number of bank accounts to their Lendlord account.

Aviram Shahar, co-founder and chief executive at Lendlord, said: “We have partnered with Plaid to deliver a great enhancement to the Lendlord platform.

“Landlords who make the most of this open banking integration will have greater visibility over the cashflow position of their properties and be able to automate key processes – saving them time and giving greater peace of mind.

“It will also help Lendlord users get better insights into their investment because it will improve the quality and credibility of the data they assess.”