PropTech supplier Lettspay has launched a new client account banking service for letting agents and property managers in partnership with Griffin Bank. 

The supplier claims this addresses the issues facing letting agents and property managers with both non-designated client accounts and client money protection scheme membership.

Already integrated with several PropTech CRMs and with others under development, LettsPay and Griffin have been working with the Department of Levelling Up, Housing and Communities to ensure that the new client banking solution is fully compliant.

Lettspay chief executive Garrett Foxon says: “We are delighted to announce our partnership and integration with Griffin. This has come into existence after a long period of design and due diligence t and the client banking solution we have built with Griffin is fit for the lettings industry both now and, crucially, into the future. 

“Our automated client bank account solution has been operating very successfully for many years and this integrated solution ensures that agents using our platform retain all of the benefits of automation and also have a future proof and compliant bank account.

“Lettspay already has dozens of agents who have registered interest and have been waiting patiently for us to implement the new solution.”