Lendlord has partnered with open banking platform Plaid, allowing its users to link an unlimited number of bank accounts to their account.

In doing so, Lendlord’s customers will be able to automate their cashflow and rent collection for their portfolio of buy-to-let properties.

The portfolio management company adds that introducing open banking functions to its offering will make bookkeeping and organising tax returns easier.

It will also allow landlords to garner an up-to-date profile and loss position across their portfolio, it adds.

Lendlord co-founder and chief executive Aviram Shahar says: “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.”