S15 - Financial innovation in real estate
1 : ISTEC
ISTEC
As any other industry, real estate industry (both commercial and residential) is undergoing a significant transformation due to the emergence of innovative financial services and technologies, commonly known as Fintech (Feth, 2021). These new businesses leverage digital technologies (such as big data, artificial intelligence and machine learning, algorithms and predictive analytics, blockchain, etc.) to automate transactions, improve connectivity, speed the collection and processing of information, improve portfolio management and market efficiency, and mitigate risks and transaction costs. In real estate, Fintech also provides new ways to improve transaction transparency, operational efficiency and access to financing.