Case Study: Keysafe speeds tenant verification from 36 hours to 4 minutes with Salt Edge

Salt Edge helps Keysafe to speed up tenants verification via Open Banking

Keysafe, a UK-based tenant referencing company, needed faster, compliant access to tenants’ bank data to improve and modernize its verification process without acquiring its own PSD2/AISP licence. To solve this, Keysafe partnered with Salt Edge and adopted Salt Edge’s Open Banking solution via the Salt Edge Partner Program to securely connect to applicants’ bank accounts and enrich financial data for tenant vetting.

Using Salt Edge’s Open Banking gateway and tools for transaction categorisation and merchant identification, Keysafe now verifies applicants across multiple countries instantly, reducing average response time from 36 hours to about 4 minutes. Salt Edge’s services also present a fuller 360-degree financial view, increase approval chances by allowing multiple income types, and eliminate the need for intrusive paperwork like bank statements and payslips.

Keysafe

Gareth Fowler

Managing Director