AppFolio (NASDAQ: APPF) has named Column N.A., Member FDIC, as its exclusive featured banking partner, integrating Column's banking infrastructure into the AppFolio Performance Platform for property managers.

According to a press release, AppFolio customers will gain access to financial capabilities built specifically for property management, available only through Column. Full details of the partnership are expected to be announced at AppFolio's FUTURE conference, scheduled for Sept. 28 through Oct. 1 in San Diego.

Column operates its own core banking platform, ledger, and Federal Reserve connections, and processes more than $4.5 trillion in transaction volume annually. The bank provides banking infrastructure to companies including Mercury, Ramp, and Wise, and was founded by Plaid co-founder William Hockey.

The partnership aims to connect AppFolio's real estate accounting and AI-powered workflows with Column's banking infrastructure, addressing what the companies describe as a disconnect between property management software and banking systems that currently requires manual reconciliation.

"Property managers run their business in one system while their money sits in another, and every gap between the two gets closed by someone on a finance team, by hand, after the fact," said Adam Feinstein, senior vice president of product at AppFolio.

George Cheng, GM and Head of Vertical Banking at Column, said the partnership would allow owner payments to move faster and keep financial records current, enabling finance teams to focus on strategy and growth.

Column's property management banking team focuses on trust account management, owner disbursements, reconciliation, and real-time financial operations.