Jumio ensures Right to Rent compliance for referencing agencies
The LandlordReferencing.co.uk agency discusses how Netverify helped them comply with the 2016 Right to Rent legislation in the UK
17th March 2016, London, UK. Jumio, Inc., the fast growing online and mobile credentials management company, announced today that leading tenant referencing company LandlordReferencing.co.uk is using Jumio’s Netverify® technology to comply with the UK Right to Rent legislation.
According to the new legislation, landlords, letting agents and tenant services agencies need to check if their tenants living in the UK have the right to rent, by checking their identity and making sure they are whom they say they are, in accordance with the Immigration Act 2014. LandlordReferencing.co.uk has been using Jumio to seamlessly validate the IDs of potential tenants in its tenant referencing platform providing added security for both tenants and agents.
In 2015 LandlordReferencing.co.uk decided to comply with the initial Right to Rent pilot launched in the West Midlands by using Jumio’s ID verification technology, Netverify. The legislation required that all landlords and letting agents verify their tenant’s identity, making sure they hold an authentic, un-manipulated, government-issued ID.
Since Jumio’s implementation, LandlordReferencing.co.uk has successfully complied with the newly launched legislation by performing quick and simple checks, providing landlords and letting agents additional peace of mind. Since their adoption of Netverify, the company has verified hundreds of tenants IDs from the UK and the European Union.
Earlier this year the Right to Rent legislation has been extended to the whole of UK, as part of a national roll-out. Landlords and agencies that do not comply with this new regulation may face a £3,000 fine.
Since the implementation of Netverify, ID, checks have not only increased for Landlord Referencing, but their KYC processes have also become much quicker and easier to perform, ensuring their tenants are who they say they are.
At LandlordReferencing.co.uk, we’re all about giving our letting agents and landlords peace of mind that they are complying with the new regulation while also delivering a faster and easier ID check for their tenants. Helping landlords and letting agencies verify the veracity of their tenants’ documents can be a challenging work. Jumio’s Netverify offers LandlordReferencing.co.uk the in-depth expertise needed for performing checks of IDs from over 130 countries without hindering the user experience.
said Paul Routledge, CEO at LandlordReferencing.co.uk.
Catherine Hickey, VP Sales EMEA, added
Complying with the Right to Rent legislation while also delivering a customer-friendly experience has never been more important for referencing agencies, landlords and letting agents. The benefits of verifying IDs in a simple and easy way are extremely valuable to companies such as LandlordReferencing.co.uk, letting agents, landlords and tenants alike.
Jumio is a leading ID credentials authentication company that helps businesses reduce fraud, meet regulations and increase revenue while providing a fast, seamless customer experience. The company utilizes proprietary computer vision technology and document experts to verify credentials such as passports and driver licenses issued by over 130 countries in real time web and mobile transactions.
Jumio’s products are used by a wide range of companies, from the Fortune 500 & FTSE 350 to startups, in the financial services, sharing economy, retail, travel and online gaming sectors. Jumio is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder Eduardo Saverin. Based in Palo Alto, Calif., Jumio operates globally, with offices in the U.S. and Europe, and has been the recipient of numerous awards for innovation from leading industry associations.