Commercial Record photo / file

Stamford-based Webster Bank will offer banking services to property management firms and homeowners associations through a new partnership with a financial technology company.

Webster Bank said in a statement that it has partnered with Denver-based Frontsteps on an integrated banking relationship that will allow Frontsteps to offer Webster’s banking services as part of its suite of software products. Frontsteps provides management companies and homeowners associations with community operations and accounting software known as Caliber.

The new partnership will give management companies and HOA boards access to additional banking tasks directly within the Frontsteps Caliber system, the statement said, including auto-reconciliation processes and positive pay functionality, which can detect fraud.

“We are very excited to be working with Frontsteps to provide integrated banking solutions for mutual clients on a national scale,” Ray Guanlao, senior managing director and HOA and property management vertical head at Webster Bank, said in the statement.

Frontsteps works with more than 1,400 property management companies and 34,000 communities, according to the statement, representing 5.7 million homeowners. Companies that use the software will gain access to Webster Bank’s products and services for their financial needs, the statement said.

“Collaboration between banking and technology partners enables a superior customer experience for growing management companies,” Chris Baker, Frontsteps’ chief sales officer, said in the statement. “Frontsteps joins with partners like Webster Bank to empower clients to complete more banking tasks within their Caliber accounting software.”