Australian-based digital identity ecosystem ConnectID has announced that its property management platform RentBetter has integrated its digital identity services.
RentBetter, a self-service real estate management platform, joins ConnectID's growing ecosystem of dependents to provide agents and tenants with greater information privacy, security, and control. Digital ID solutions use existing trusted sources, such as a person's bank, to verify their identity. Verification is completed in real-time through secure data exchange and does not require ConnectID to see or store any data.
ConnectID executives highlighted the stagnant nature of the real estate and property management industry over the past 50 years, particularly in terms of data and privacy practices. They highlighted that oversharing personal information poses risks and creates friction in rental transactions. The ConnectID integration addresses these challenges, particularly amid Australia's rental crisis and growing concerns about identity fraud. ConnectID leverages technology to enable identity verification while minimizing duplication of sensitive data, increasing trust and security for landlords and tenants.
Improving trust and security in real estate
A secure digital ID provides greater visibility of the information being shared, giving you greater peace of mind and confidence that your personal data is kept safe. Overall, it reduces the complexity and increasing cost of managing, storing, and protecting personal customer information.
ConnectID officials say it's common for sensitive data to be over-shared during the rental process, but storing and protecting personal data is costly, especially for smaller agencies, and can be difficult in the event of a breach. said it could cause catastrophic damage. That's why digital ID is beneficial to the industry. Not only can we begin to address these growing privacy and security challenges, but we can do so in a way that increases tenant trust, and it's also a solution that businesses of all sizes can adopt.
ConnectID continues to expand its digital identity ecosystem to a variety of industries and organizations, now including real estate. This gives businesses and consumers peace of mind when verifying their identity online, and reduces the need for businesses to manually collect, store, and verify sensitive documents.
What does ConnectID do?
ConnectID is an Australian-owned digital identity solution that makes it easy for customers to verify their identity using organizations they already trust. ConnectID does not display or store any data; it simply acts as a bridge, with customer consent, to connect businesses to trusted identity data, giving individuals greater control over how their information is used and shared. It gives you more control.
