more than 61 % since the pandemic started last year , reveals deVere Group , one of the world ’ s largest independent financial advisory and fintech organisations . “ The way we invest , save , use and manage our money has changed forever . We are witnessing a personal finance revolution ,” according to James Green , deVere Group ’ s Divisional Manager of Europe .
Of the year-on-year jump in fintech apps usage , concludes Green : “ Whether the trend in the usage of fintech is a long-term one will be demonstrated as lockdown restrictions are eased around the world and we look ahead to a post-pandemic future . “ I will be surprised if those new users of fintech will ever go back to traditional methods of accessing , using and managing their money .”
Real Estate FinTech describes technology-based platforms which facilitate the trading of real estate asset ownership . The assets can be buildings , shares or funds , debt or equity . The platforms may simply provide information for prospective buyers and sellers , or
LegalTech
ConTech
Smart Buildings
PropTech
Real Estate FinTech
FinTech
PropTech Roots Source : FoRE
Shared Economy
they may more directly facilitate or effect transactions of asset ownership or leases with a ( negative or positive ) capital value . This sector supports the real estate capital markets .
The Shared Economy describes technology-based platforms which facilitate the use of real estate assets . The assets can be land or buildings , including offices , shops , storage , housing and other property types . The platforms may simply provide information for prospective users and sellers of space , or they may more directly facilitate or effect rent or feebased transactions . This sector supports the real estate occupier markets .
ConTech , whose origins lie in computer aided design ( CAD ) and / or the construction of buildings , is a strong driver of smart building tech . LegalTech characterised by smart contracts , is a facilitator of many real estate FinTech applications .
14 JUNE 2021 SA Real Estate Investor Magazine