FB pixel

Rently to use SingPass for ID verification of renters and tenants

Rently to use SingPass for ID verification of renters and tenants
 

Rently, a Singaporean fintech and property rental app, officially announced its launch in the country. Rentlly recently integrated with Singapore’s national digital ID, SingPass, to verify identity on its end-to-end platform.

Rental scams in Singapore have increased rapidly in recent years. From 2021 to 2022, there was over a 400 percent increase in rental scams, according to Singapore’s Ministry of Home Affairs and Ministry of Social and Family Development.

“By leveraging Singpass, we ensure that only verified users and properties are allowed onto our platform. This approach helps eliminate the stress associated with handing over deposits to unknown individuals, providing assurance that the rental transaction is legitimate,” said Rently founder Dominic Schacher.

Landlords who use the app must go through a verification process that includes credit and background checks, the finance verification, and tenant screening.

With Rently, users can rent a home with zero upfront costs. The app handles tenants’ rental deposits on their behalf. Property listing, tenant acquisition, and contract negotiation can all be done through the app, which is available on Android and iOS.

Currently in the seed stage, the company is planning Series A funding in Q1 2024. Rently is backed by Aument Capital Partners. As of January 2024, the company has appointed entrepreneur and investor Dieter Schlosser to its Board of Directors. Schlosser was formerly the CEO of SoftwareOne.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Call for bids on Dominican Republic biometric passport deal closes today

The Dominican Republic’s General Directorate of Passports (DGP) is seeking digital identity service providers to acquire, install and maintain new…

 

Who is looking out for your data? Security in an era of wide-spread breaches

By Vince Graziani, CEO, Idex Biometrics While some of the biggest businesses in the world now rely heavily on data, concern…

 

ITL’s Alerts App expands biometric portfolio to integrated venue management

Businesses from every sector all face access control challenges to ensure the security and safety of their staff and customers….

 

Best biometrics use cases become clearer as ecosystems mature

Biometrics are for digital identity, socio-economic development, air travel and remote identity verification, but not public surveillance, the most-read news…

 

UK Biometrics and Surveillance Camera Commissioner role survives as DPDI fails

UK parliament will not pass data protection legislation during the current session, following the announcement of the general election in…

 

EU watchdog rules airport biometrics must be passenger-controlled to comply with GDPR

The use of facial recognition to streamline air passenger’s travel journeys only complies with Europe’s data protection regulations in certain…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events