Irish technology company Bynaric today launched a new B2B software platform to help make processing applications for rental accommodation, and selecting and managing tenants, fair, unbiased and transparent.
The FairSelect platform is aimed for use by organisations in the public sector, including affordable housing bodies, as well as by private rental providers.
Users of the software are able to process and select tenant applications based either on a randomised, lottery-style system, or on a first-come-first-served basis.
FairSelect is already being used by a number of public sector organisations, such as local authorities, including Meath County Council, approved housing bodies, including Tuath Housing and Respond, and the Land Development Agency (LDA).
The platform has a self-service feature for tenants that enables people living in rented accommodation to manage their rental contract, report issues relating to the property they are renting, and pay rent online. It also enables transparency for applicants, who, in cases where demand for the rental accommodation they have applied for exceeds supply, can find out where they are in a queue system.
Announcing the launch of FairSelect, Aria Pour, founder and CEO of Bynaric, said: “We believe in a fair and unbiased tenant selection process, and our innovative FairSelect technology uses a random selection process that reduces the potential for human bias and ensures that every applicant is assessed on an equal footing. This is particularly important for the public sector, where there is a need to demonstrate fairness and transparency in decision-making.
“FairSelect’s compliance with GDPR regulations ensures that the selection process and the results are fully auditable. A centralised dashboard and audits allow the housing agency or landlord to maintain transparency in the selection process. The tenant self-service feature empowers tenants to manage their accounts, report issues, and make payments online, improving communication and increasing satisfaction. Rental applicants can also check where they are in a queue and find out if they were skipped for other people and ask if there is a justification for this.”
Mr Pour continued: “By promoting fairness and transparency, FairSelect helps build trust between landlords and potential tenants, and improves the overall reputation of the housing industry. This ultimately benefits both the applicants and future tenants, as they can feel confident that they have been selected based on their qualifications and not on other factors such as biases or unfair preferences.”
FairSelect was launched today at an event at Dogpatch Labs, Dublin, that featured a keynote speech by Bynaric founder and CEO Aria Pour, along with a panel discussion exploring FairSelect, moderated by business advisor Colin Chapman, and featuring Eoghan Ó’Muiris, head of product for Bynaric; Johnny Horgan, MD, BidX1; and Conn Murray, chair of public sector at BDO Ireland.
At the launch event, Mr Pour announced plans by Bynaric for launching FairSelect in the UK market, where it is aiming to open offices in Manchester and London in the next year.