Alquiler Seguro boosts the profitability of the Spanish property renting market by acting as an intermediary between landlords and their tenants. Over the past 13 years, Alquiler Seguro has achieved a 0% default rate, guaranteeing timely payments for landlords on the 5th day of each month. For tenants, Alquiler Seguro helps streamline the application and lease-signing processes.
Alquiler Seguro’s need for effective data aggregation
The risk scoring process is an important component of Alquiler Seguro’s business model, helping to make informed decisions regarding tenants and their creditworthiness.
As the company has grown, legacy risk-scoring technologies proved insufficient due to the absence of real-time capabilities. A major challenge inhibiting Alquiler Seguro from enhancing the process was an inability to aggregate data from multiple accounts into a single digital platform.
“Before using Unnax’s (Powens) solution, we were immersed in the internal development of our own risk score and wanted to enrich it with financial aggregation.” — Enrique Rodríguez, Director of the Risk Department at Alquiler Seguro
Partnering with Powens for a tailored aggregation experience
While Alquiler Seguro’s team was familiar with financial aggregation, they only knew about it at an inter-company level. What the business needed was a partner who could facilitate real-time financial data aggregation for tenants.
After learning more about the financial aggregation process, Alquiler Seguro took to exploring the market, where they discovered Powens (formerly Unnax in Spain).
“We saw the opportunities and solutions offered by Unnax (Powens), contacted their commercial department, and they immediately understood what we were looking for. Then, we started working directly.” — Enrique Rodríguez, Director of the Risk Department at Alquiler Seguro
Alquiler Seguro has implemented Powens¡ financial aggregation solution, simplifying the application process for housing market clients who want to formalize a lease contract. Additionally, the company is working closely with Powens to enable rent collections via direct debits via IBAN accounts, making the monthly rental and rent collection processes more flexible and efficient.
With Powens, Alquiler Seguro achieves award-winning risk scoring
At the end of 2022, Alquiler Seguro received an award for real estate innovation thanks to its predictive risk scoring, powered by Powens solutions. Powens’ account aggregation was the technological advancement the company needed to bring its scoring processes to the next level.
“The collaboration and customer service with Unnax (Powens) has been fantastic. From the beginning, the commercial department understood very well what we were looking for.” — Enrique Rodríguez, Director of the Risk Department at Alquiler Seguro
Since initially implementing Powens’ financial aggregation solution, Alquiler Seguro has undergone several improvements. The company’s risk department operates much more efficiently, with Powens’ technology powering the performance of more analyses without the need to increase staff. Moreover, the number of potential clients undergoing the aggregation process has increased month after month.
One of the ongoing benefits Alquiler Seguro notes is Powens’ fast set-up of solutions and speedy resolution of problems when they occur. On a day-to-day basis, the company rarely has to reach out to Powens for troubleshooting, and when they do, Powens’ support team offers immediate service.
“I would recommend Unnax (Powens) to other companies, for sure. Especially if they want to achieve fluidity in their day-to-day work, customer satisfaction, speed in their analysis processes due to the categorization offered by Unnax (Powens), and security for the data you work with every day.” — Enrique Rodríguez, Director of the Risk Department at Alquiler Seguro
