Introducing Yorlet Guardrails, protecting your business from fraud

LONDON – Yorlet, a leader in property management software, has launched Guardrails, a new suite of tools designed to help property businesses navigate complex and evolving regulations. With automatic regulatory updates, built-in KYC tools and a consolidated compliance dashboard, Guardrails enables customers to stay ahead of their obligations.

KYC and AML Checks for Tenants and Landlords

Guardrails includes comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) screening for both tenants and landlords, helping letting agents and property managers meet their obligations under the Money Laundering Regulations. Identity verification, sanctions screening, and politically exposed person (PEP) checks are run automatically at onboarding and monitored on an ongoing basis, with results surfaced directly within the Guardrails dashboard. Agents can manage their entire compliance workflow in one place, reducing manual effort and the risk of oversight.

Tenant Pre-Check

Yorlet is also introducing Tenant Pre-Check, a lightweight income verification tool designed to qualify prospective tenants before a full tenancy application is initiated. By connecting to open banking data and verified payroll records, Pre-Check provides an indicative affordability assessment in minutes, helping property businesses filter out unsuitable leads early in the process. This reduces the administrative burden on agents and prospective tenants alike, and ensures that full referencing resource is focused on genuinely qualified applicants.

Smart Signals

Yorlet's Smart Signals, a state-of-the-art machine learning solution that draws on anonymised data across the Yorlet network. Smart Signals identifies trends and emerging risks by detecting when:

• Customers have unresolved disputed payments
• Customers have a high number of disputed payments across the Yorlet network
• Customers have an elevated number of insufficient funds and failed payments across the Yorlet network
• Customers have an elevated number of past-due invoices
• Customers have an elevated average number of days to pay invoices

By surfacing these insights early, Smart Signals helps property businesses act promptly to strengthen compliance and risk management strategies.