The development of PropTech startup ecosystem is challenging the common myopia of the traditional real estate businesses. The development of digital-first platforms by the emerging PropTech ecosystem of startups is already revolutionizing the communication channels between the asset/property manager and the property user/occupier on both, B2C and B2B levels. PropTech already has its unicorns and disruptors, but more sophisticated digital-first platforms aggregating multiple products, services, IoT protocols and open API gateways are only emerging. Growing competition amongst banks and pressure from digital innovations like crowd-funding and tokenization of real state, are pushing banks to rethink its approach to CRE banking.
I talk about digital-first strategies for banks, how banks can accelerate the development of digital-first ecosystems in the real estate sector and present several industrial use cases for built world tech APIs.
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