AppFolio Adds Features to Property Management Offering

AppFolio announced new features earlier this month to its cloud-based management products for real estate. One is a security deposit alternative in partnership with Obligo, a data report builder, and a tool to import bank and reconcile bank transactions.

Obligo uses so-called open banking technology to gain access, with permission, to a broader set of financial information on consumers. Its software uses AI systems to analyze the results and determine whether a landlord can trust a consumer enough to let someone become a tenant without paying a security deposit. The company offers an application programming interface, or API, to give other companies access to its capabilities.