Monthly Archives:' April 2018

Can Banks Keep Up With The Joneses?

The banking industry’s business model has traditionally centered on holding consumer’s money. For banks to make money, they have to hold on to that money. But with the growth of e-commerce, the traditional banking model could face some challenges. Today’s consumers want their money, and they want it now. So in order to stay relevant, banks may need to revamp and innovate the way they do business.
Click here to read the full article.

Real Estate Valuations and Appraisals to Receive Technological Upgrade

Bowery Valuation is changing the name of the game when it comes to valuation and appraisals with its new automation software. With the help of Cushman & Wakefield, and some other real estate-focused investment firms, this small startup has created technology to automate and optimize the appraisal process. The founders of Bowery created a software platform with an aim to save time in an industry that has remained relatively unchanged over the past several decades. Bowery’s software includes features such as automatic public record retrieval, a passive database feature that saves past rental and sales comps for easy future access, and a revamped appraisal report system which utilizes natural language and “check-the-box” style questions to describe a particular real estate listing. These features ultimately save time in the preparation of the appraisal. With all of the technology available out there today, it’s almost a surprise such a software wasn’t utilized earlier. As more and more industries move towards revamping and enhancing antiquated processes, the message is clear: get on board or get left behind.
Click here to read the full article.