Lynn Peters, vice-president of global operations at Retransform, spoke to Information Age about how a Fintech model can future-proof real estate assets
Due to challenges around regulation and traditional culture, the real estate sector has mostly been slow on the uptake when it comes to innovation. With financial market functions such as underwriting being built to understand gradual losses, the understanding of factors such as cash flow, credit risk and compliance was majorly impacted by the Covid-19 pandemic, which saw operations grind to a halt.
Due to challenges around regulation and traditional culture, the real estate sector has mostly been slow on the uptake when it comes to innovation. With financial market functions such as underwriting being built to understand gradual losses, the understanding of factors such as cash flow, credit risk and compliance was majorly impacted by the Covid-19 pandemic, which saw operations grind to a halt.
Due to challenges around regulation and traditional culture, the real estate sector has mostly been slow on the uptake when it comes to innovation. With financial market functions such as underwriting being built to understand gradual losses, the understanding of factors such as cash flow, credit risk and compliance was majorly impacted by the Covid-19 pandemic, which saw operations grind to a halt.
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I recently had a client who came to me complaining about an investment home that their 74-year-old father had owned.
He had sold the property to a real estate agent’s son for substantially below market value.