Artificial Intelligence
Global Geospatial Imagery Analytics Market Size, Share & Industry Trends Analysis Report By Type, By Vertical, By Collection Medium, By Deployment Type, By Organization Size, By Application, By Regional Outlook and Forecast, 2021 – 2027
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Geospatial Imagery Analytics Market Size, Share & Industry Trends Analysis Report By Type, By Vertical, By Collection Medium, By Deployment Type, By Organization Size, By Application, By Regional Outlook and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06249496/?utm_source=GNW
Location information (generally coordinates on the earth) and associated information (the qualities of the item, event, or phenomenon in question) are frequently combined with temporal information in geospatial data. In the coming years, the location supplied may be stationary (for example, the position of a piece of equipment, an earthquake incident, or children living in poverty) or variable (for example, the location of a piece of machinery, an earthquake event, or children living in poverty).
Large sets of geographical data obtained from a variety of sources in various forms, like census data, weather data, satellite imagery, mobile phone data, social media data, and drawn pictures are all examples of geospatial data. When geospatial data can be found, shared, analysed, and combined with standard business data, it is most helpful.
Geospatial analytics is utilized to add time and location to standard data sets and to create data visualisations. Maps, graphs, statistics, and cartograms are examples of visualisations that depict historical and contemporary shifts. This added information helps to paint a fuller picture of what happened. Easy-to-recognize visual patterns and pictures show insights that can be ignored in a large spreadsheet.
The massive amounts of data created by GPS devices throughout the world are a remarkable development that is driving demand for geospatial imaging analytics solutions. Furthermore, the widespread use of connected mobile devices, notably smartphones, in many economies throughout the world is propelling market expansion. The government sector’s high need for GIS for law and security is propelling the industry forward. The fast advancements in GIS technology and methods for retrieving geographic information would assist the total industry significantly.
Impact of COVID 19
COVID-19’s spread has wreaked havoc on the world’s companies, economies, and people’s lifestyles, as well as the ways taken by corporations to manage their operations. The COVID-19 epidemic has affected every aspect of the technology industry. In the IT industry, the hardware business is expected to have the greatest influence. The expansion of IT infrastructure has slowed due to a decrease in hardware supply and reduced manufacturing capacity. For a short period of time, the software and service industries are also projected to slow down.
However, in the second half of the year, usage of collaborative apps, location-based apps, big data, security solutions, and AI is expected to rise. Despite the fact that the pandemic has had an impact on the geospatial imaging analytics industry, businesses continue to use geospatial imagery analytics solutions and personnel tracking and management, virus tracking, smart quarantining and hardware for facility management.
Market Growth Factors:
Geospatial In The Digital Environments
Spatial information and location with interconnected systems systems – Big Data, Augmented Reality, Machine Learning, Artificial Intelligence, IoT, and 3D systems – are going to transform the core of traditional company practises, providing competitive advantages through data visualisation, analytics, and digital perspectives – an ever-increasing necessity real-time information – in this data-driven manufacturing era. The spatial context remains an essential element and a core instrument for workflow management, smart applications, and a major platform for automated processes in manufacturing, architecture, telecommunications, intelligent transportation, technology, and many other sectors, in addition to archetypal businesses like governance, urban planning, defense, and internal security.
Location-based services are becoming more popular
Location-based services (LBS) are understood as a software service that uses Internet-capable computers to provide real-time information on the current location of a place or person. LBS uses satellite images to enable users to access the service in a variety of apps, including retail, urgent care, weather, browsing, traffic, and other services. Satellite imaging technology delivers high-resolution images that may be utilized to create up-to-date, highly specific maps for LBS and real-time applications. In addition, LBS is becoming increasingly significant in a variety of economic areas, including public, defense, and intelligence, communications, transportation, production, power, energy retail, and natural resource governance, supporting market growth.
Market Restraining Factors:
Urbanization and population growth are both on the rise
Due to the growing rate of urbanization throughout the world, Geospatial Deployment in the urban development business may yet encounter certain challenges. With the increasing rate of migration from rural to urban areas and urban demographic growth, geospatial applications are challenging to apply unless assessments and population-to-land tests are conducted on a regular basis and perhaps real-time data is provided. According to the United Nations, the globe will have around 500 million cities by 2030. The growing number of these cities is an indicator of extremely fast urbanization.
They can cause problems for government and planning agencies. As such big projects would require huge financial investments, government, public, and developer teams operating in isolation will then need to communicate information with the primary data centers.
Type Outlook
Based on Type, the market is segmented into Image-based Analytics and Video Analytics. Due to the increased usage of drones and security cameras by businesses to analyses and exploit video footage to support their everyday operations, video-based analytics is predicted to rise rapidly throughout the forecast period. Video recording and analysis devices are also available from the firms, which are perfect for recording videos for mobile mapping studies, real-time reporting, as well as post-mission mapping.
Vertical Outlook
Based on Vertical, the market is segmented into Defense & Security, Engineering & Construction, Mining & Manufacturing, Government, Environmental Monitoring, Healthcare & Life Sciences, and Agriculture. In the agriculture industry, geospatial imaging analytics is assisting in ensuring crop safety and sensible use of natural resources. Using remote sensing tools, the government is launching new projects to enhance farming operations.
Collection medium Outlook
Based on Collection Medium, the market is segmented into Geographic Information System (GIS) and Satellites. Due to a growth in the use of GIS in remote sensing applications, the GIS collection medium represented the largest share of the geospatial imagery analytics market. Businesses are shifting to the GIS data collecting approach as demand for location-based analytics services rises, allowing them to better their overall efficiency and decision-making.
Deployment type Outlook
Based on Deployment Type, the market is segmented into On-premise and Cloud. Due to the enterprise-level implementation of geospatial imagery analytics solutions on their servers to store their material locally, the on-premise deployment strategy had a significant share in 2020. This deployment enables businesses to get complete control over their current geospatial datasets and conduct data analysis to uncover new patterns, trends, and anomalies.
Organization Size Outlook
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The SMEs sector of the Geospatial imagery analytics market is expected to develop at a higher rate during the projected period, as cloud-based solutions and services assist them improve company performance and efficiency.
Application Outlook
Based on Application, the market is segmented into Disaster Management, Construction & Development, Conservation & Research, Exhibition & Live Entertainment and Surveillance & Monitoring. During the projection period, the increasing usage of remote sensing services will increase surveillance and monitoring adoption.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. During the projection period, Asia Pacific will see a significant increase in the usage of geospatial imagery analytics products and services. The geospatial imagery analytics market in APAC is being driven by increased data quantities, developments in AI and big data technologies, rising concerns about data quality, and rising need for meaningful insights. China and Japan are working on improving data management in order to allow data-driven business choices and streamline corporate operations.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, LLC and Microsoft Corporation are the forerunners in the Geospatial Imagery Analytics Market. Companies such as Oracle Corporation, TomTom N.V., and Hexagon AB are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trimble, Inc., Microsoft Corporation, Google LLC, TomTom N.V., Hexagon AB, L3Harris Technologies, Inc., Planet Labs, Inc., Oracle Corporation, Alteryx, Inc.
Recent Strategies Deployed in Geospatial Imagery Analytics Market
Partnerships, Collaborations, and Agreements:
Dec-2021: Microsoft came into a partnership with Airbus, a European multinational aerospace corporation. Together, the companies focused on making Azure Space the platform and ecosystem of choice for the space community through the general availability of elevation data in the company’s Azure Maps and premium satellite imagery. Moreover, Airbus would provide Azure Maps with its Pléiades (50cm), SPOT (1.5m resolution), WorldDEM4Ortho elevation data as well as Pléiades Neo (30cm) satellite imagery.
Dec-2021: Microsoft came into collaboration with Esri, an international supplier of location intelligence for speedy analysis of imaginary data captured by satellite providers in space orbit. Under this collaboration, Esri’s ArcGIS Image technology would offer analysis and processing on imagery hosted in Azure Orbital, the company’s Satellite Ground Station As a Service.
Feb-2021: Trimble teamed up with Esri. Through this partnership, the company aimed to add location intelligence technology developed to offer greater visibility, traceability, and efficiency for the forest industry and transform workflows by combining the Esri GeospatialCloud platform into the company’s Connected Forest solutions, leveraged by product companies and forest owners.
Sep-2020: Google joined hands with FAO. The collaboration aimed to launch Earth Map, an advanced and free to use Web-based tool to offer cheap, efficient, speedy, and analytical cogent insights created from satellites and FAO’s considerable wealth of agricultural significant data along with some clicks on a computer.
Jul-2020: Esri extended its partnership agreement with Planet, a provider of daily satellite data. The partnership aimed to enable the company’s customers to rapidly enrich their GIS workflows with high-cadence satellite imagery as well as analysis-ready data to make sure operational awareness, business continuity, allow remote monitoring, and boost civil governance.
Jun-2020: TomTom came into a partnership with Foursquare, an independent location data platform. Through this partnership, the company aimed to join customers with millions of POIs globally. Moreover, the company offers access to an extensive, fresh, flexible, and worldwide POI database for helping the customers find the location exactly.
Mar-2020: Planet Labs came into a partnership with Seisan, a systems integration company that specializes in using geospatial technologies and custom software solutions. Under this partnership, Seisan would get a competitive advantage and insights into various industry verticals. Moreover, Seisan leveraged the company’s data to offer scalable solutions and enterprise quality that disrupt various sectors through the addition of the elements of historical time-lapse with the frequency of geospatial analysis and imagery.
Acquisitions and Mergers:
Jan-2022: Alteryx announced the acquisition of Trifacta, an open and interactive cloud platform for data analysts and engineers. Through this acquisition, the company aimed to introduce its access to more enterprise buyers as well as begin its own journey to the cloud.
Dec-2021: Planet took over VanderSat, a supplier of innovative earth data and analytics. Through this acquisition, the company aimed to boost its position in the agricultural market.
Jul-2021: Hexagon AB entered into an agreement to acquire Immersal Oy, provider of visual positioning and spatial mapping solutions leveraged to develop augmented reality (AR) applications. The acquisition aimed to enhance the field of view with superimposed digital information as well as place the power of these insights into the hands of those on-site.
Sep-2020: Esri took over nFrames, a photogrammetry software company that created leaps in the capability to made 3D information from imagery and lidar. Together, the companies enable the customers to flawlessly capture and analyze 3D data from the drone, aerial and ground-based sensors in an automated end-to-end process through combining imagery with 3D GIS.
Product Launches and Product Expansions:
Sep-2021: Hexagon’s Geosystems division rolled out the latest generation camera, Leica ContentMapper. The product would offer an innovative as well as highly efficient airborne imaging sensor for large-scale geospatial mapping projects. Moreover, the Leica ContentMapper captures high-resolution imagery at unprecedented rates and offers the highest performance for content programs.
Mar-2021: Hexagon’s Geospatial division introduced a major update in its platform for making geospatial and location intelligence applications and launched M.App Enterprise 2021. Through this launch, the company aimed to feature innovative browser-based 3D capabilities, improved visual effects as well as capability to build and configure custom applications in a simple way.
Feb-2021: Esri introduced ArcGIS Velocity, an innovative cloud-native capability for processing, ingestion, visualizing, and analyzing real-time and high-volume geospatial data on the fly. From this launch, the company aimed to enhance its existing systems with geographic information system (GIS) technology through spatially allowing Internet of Things (IoT) data from current providers and simplifying real-time data analysis.
Scope of the Study
Market Segments covered in the Report:
By Type
• Image-based Analytics and
• Video Analytics
By Vertical
• Defense & Security
• Engineering & Construction
• Mining & Manufacturing
• Government
• Environmental Monitoring
• Healthcare & Life Sciences, and
• Agriculture
By Collection Medium
• Geographic Information System (GIS) and
• Satellites
• UAV & Others
By Deployment
• On-premise and
• Cloud
By Organization Size
• Large Enterprises and
• Small & Medium Enterprises
By Application
• Disaster Management
• Construction & Development
• Conservation & Research
• Exhibition & Live Entertainment
• Surveillance & Monitoring
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Trimble, Inc.
• Microsoft Corporation
• Google LLC
• TomTom N.V.
• Hexagon AB
• L3Harris Technologies, Inc.
• Planet Labs, Inc.
• Oracle Corporation
• Alteryx, Inc.
• Esri, Inc.
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06249496/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Region sees 108% increase in voice scams as fraudsters continue shift to mobile
MELBOURNE, Australia and MUMBAI, India, June 25, 2024 /PRNewswire/ — A new financial crime report out today details how criminal organizations in the APAC region now outsource the laundering of money stolen via scams to international syndicates specializing in this cleaning. BioCatch identified and helped APAC banks shut down more than 150,000 money mule accounts in 2023 and estimates exponentially more such accounts in use across the region.
“Where there are scams, there are mules,” BioCatch Director of Global Fraud Intelligence Tom Peacock said. “Criminal organizations use these mule accounts as intermediate stops between the victim’s bank account and the final account from which they plan to withdraw their stolen money. The mules we’ve identified almost certainly represent a tiny fraction of those actively laundering money in the region, with more cropping up every day. Financial institutions in APAC and around the world must do more to identify these mules, hamper their ability to open new accounts, and identify those legitimate accounts money launderers succeed in turning from good to bad.”
In this latest edition of its Digital Banking Fraud Trends in APAC report, BioCatch – which identifies and prevents fraud and financial crime in real time by analyzing as many as 3,000 different physical behavior patterns (mouse movements and typing speed, for example) and cognitive signals (hesitation, segmented typing, etc.) in search of anomalies – points to mobile malware as the greatest threat to banks in Southeast Asia in 2024.
“Whether through SMS-mining or illegal loan apps, we’ve seen an explosion in Android-based malware in the region,” Peacock said. “Malware developers continue to innovate, circumventing bank and Google Play Store defenses to harvest what they need from mobile devices to access digital banking accounts and then transfer away the victim’s funds to a money mule.”
There is reason for hope in fighting fraud in APAC, however. In Australia, the number of reported scam cases grew by 13% in 2023, but scam losses declined by $90 million.
“Nine out of the 10 largest Australian banks employ BioCatch solutions to protect their customers from fraud and financial crime by analyzing the behavior of the user behind every online banking session,” BioCatch APAC Vice President Richard Booth said. “Already in 2024, we see massive progress: Money lost to fraud in the country declined by 48% in the first quarter of this year compared to Q1 of 2023. It’s difficult to reach any conclusion other than that BioCatch has left Australian digital-banking customers far safer from fraud than they were before.”
Other key findings:
No desktop or laptop needed: BioCatch found as much as 70% of all reported frauds in APAC originated from mobile apps in 2023, an increase of 17% from the year before.Scams are everywhere: Across the region, the number of reported voice scams increased by 108% in 2023.Australia bucking all trends: In addition to seeing fraud losses actually decline, the nation also saw fewer fraud cases involving malware or Remote Administration Tools (RATs) in 2023 than it did in 2022.Click here to access BioCatch’s complete 2024 Digital Banking Fraud Trends in APAC report.
About BioCatch:BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, more than 30 of the world’s largest 100 banks and 196 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 92 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.
Media contact:Jay [email protected]
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Artificial Intelligence
Puyi Fund, Managed by Highest Performances Holdings Inc., Surpasses RMB 24.0 Billion in Assets under Advice, Showing Promising Start to Strategic Transformation
GUANGZHOU, China, June 25, 2024 /PRNewswire/ — Highest Performances Holdings Inc. (“HPH” or the Group, NASDAQ: HPH), announces that its Puyi Fund’s assets under advice for its asset allocation services reached RMB 24.7 billion as of June 21, 2024, reflecting a remarkable year-on-year growth of 188%. This substantial increase in scale showcases significant growth for the fund.
This accomplishment is primarily attributed to the Puyi Fund’s service philosophy, “long-term commitment to clients and clients’ long-term benefits,” introduced in 2023, as well as the ongoing efforts of the Company in adjusting its product strategy and embracing digital transformation. On one hand, the Company implemented a comprehensive family wealth management account system, redirecting its flagship products towards fixed-income funds and fund portfolios to enhance clients’ perception of wealth acquisition. On the other hand, the Company has elevated its overall service standard through digital transformation, greatly improving the client’s investment experience.
Transforming Product Strategy to Maximize Client Returns
In relation to product strategy transformation, Puyi Fund offers investors a comprehensive solution for managing their family wealth through a scientific approach. This solution guides investors in allocating their investment assets across three types of accounts: Flexible Withdrawal Accounts, Stable Appreciation Accounts, and High-Yield Pursuit Accounts. By considering various market conditions and cycles, investors can make informed decisions on how to distribute their funds among these accounts through a scientific approach for achieving risk mitigation, consistent asset growth, and long-term sustainable investment returns.
Taking into account the prevailing market conditions in China, Puyi Fund advises investors to allocate 25% to 90% of their funds to Stable Appreciation Accounts, depending on their risk tolerance. These accounts primarily involve investing in fixed-income funds, providing investors with consistent and reliable expected returns. By employing the stable appreciation strategy, Puyi Fund aims to restore investors’ confidence in the market, leading to increased trust and recognition. Consequently, Puyi Fund has experienced a period of rapid growth and positive development.
An analysis of data from the Chinese mutual fund market highlights the alignment of Puyi Fund’s client-centric product strategy transformation with market demands. According to Wind data, the market value of the Chinese mutual fund market stood at RMB 25.45 trillion at the end of 2021. By the end of May 2024, this amount grew to RMB 29.09 trillion, representing an increase of RMB 3.64 trillion or 14.30%. The value of equity and hybrid funds, however, experienced a decline from RMB 8.54 trillion to RMB 6.34 trillion, marking a decrease of RMB 2.21 trillion. In contrast, bond funds and money market funds collectively witnessed a significant increase of RMB 5.69 trillion. These market trends suggest that Chinese fund investors are shifting their risk preferences towards lower-risk and higher-certainty assets. Puyi Fund’s strategic transformation is well-positioned to take advantage of this evolving trend.
Enhancing Digital Service Innovation with a Focus on Client Service
In its digital transformation efforts, Puyi Fund places a strong emphasis on “client-centricity” and “service excellence”. By harnessing the power of big data, algorithm mining, and the Sensor Intelligent System, Puyi Fund establishes personalized service scenarios tailored to the unique needs of thousands of individuals. Through meticulous operations that cover the full client lifecycle, Puyi Fund offers full-scope online transactions for both public and private fund clients, establishing a distinctive digital competitive advantage. As of June 2024, the year-to-date client retention rate for fund advisory services stands at 75%, significantly enhancing the likelihood of investment profitability and returns for clients. This success enables clients to truly appreciate the value of advisory services and the time invested in their investments.
Furthermore, Puyi Fund has made continuous advancements in its intelligent client service system, leveraging digital platforms to offer investors comprehensive and efficient services. As of June 2024, the intelligent client service has catered to the needs of approximately 250,000 investors, providing 7*24 services, with a problem resolution rate surpassing 90%. Moreover, Puyi Fund complements intelligent client service with human support, resulting in a client satisfaction rate of 99%. This approach guarantees that investors receive timely and effective assistance whenever required.
Optimizing Trust-Based Communication Channels with Clients
Puyi Fund’s capability to swiftly establish client trust is attributable to its distinctive offline service channels. Unlike other third-party fund sales institutions that heavily rely on online platforms, Puyi Fund provides face-to-face, one-on-one services through offline channels. This approach is especially valuable in navigating complex investment environments, effectively calming investor emotions, enabling them to stay composed and gain a proper understanding of products, ultimately making well-informed investment decisions. Since 2024, Puyi Fund’s research and advisory team has released 28 specialized research reports and organized 19 online client exchanges, along with 35 offline client events, in response to market dynamics and client needs. These initiatives have effectively addressed investors’ concerns and enhanced their confidence.
It is worth mentioning that Puyi Fund’s institutional business has experienced remarkable growth this year, particularly in attracting clients from prominent financial institutions including banks, wealth management subsidiaries, and insurance companies. To cater specifically to institutional investors, Puyi Fund has developed an intelligent over-the-counter fund trading system called “Web-based Institution Master system”. This system provides institutional investors with a wide range of product portfolios, a comprehensive investment research system, and personalized trading experiences. As a result, it comprehensively improves the service quality and efficiency for institutional clients.
As of June 21, Puyi Fund established partnerships with 117 mutual fund companies, including the top 20 fund managers in terms of size, providing access to nearly 11,000 public funds and implementing over 20 customized advisory strategies. In the private fund sector, Puyi Fund has selected over 30 fund managers from the entire market. Of these, 38% manage assets over RMB 10 billion, while 29% manage assets between RMB 5 billion and RMB 10 billion. This selection covers a wide range of mainstream strategy products in the market, catering to the allocation needs of various types of investors.
It is reported that Puyi Fund, an independent third-party fund sales institution holding a fund sales business license issued by the China Securities Regulatory Commission, operates as a subsidiary of Highest Performances Holdings Inc. (NASDAQ: HPH). Embracing the concept of buyer advisor, Puyi Fund is dedicated to delivering comprehensive family financial asset allocation services to individual investors and diversified financial services to institutional investors through its financial technology service platform. With exceptional resource integration capabilities, professional research expertise, and high-quality client service, Puyi Fund strives to cultivate long-term partnerships with clients, catering to their personalized asset allocation needs in various scenarios while assisting a broader range of investors in achieving sustainable long-term returns. As of December 31, 2023, the accumulated assets under Puyi Fund’s allocation advisory services surpassed RMB 75.1 billion, exhibiting a compound annual growth rate of 128.8% from 2015 to 2023.
About Highest Performances Holdings Inc. (NASDAQ: HPH)
HPH was founded in 2010 with the aim of becoming a top provider of smart home and enterprise services. Its mission is to improve the quality of life for families worldwide, focusing on two main driving forces: “technological intelligence” and “capital investments.”HPH has a global strategic perspective and identifies high-quality enterprises with global potential for investment and operations. Its areas of focus include asset allocation, education and study tours, cultural tours, sports events, healthcare and elderly care and family governance.
HPH currently holds controlling interests in two leading financial service providers in China, namely Fanhua Inc., a technology-driven platform, and Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.
Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.
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Leading software provider introduces biometric technology as the first step in the resident screening process
SANTA BARBARA, Calif. , June 25, 2024 /PRNewswire/ — In response to the increase in fraudulent applications in multifamily rentals, Yardi® has launched ID Verify for Yardi Breeze® Premier clients in the United States and Canada. The use of biometrics is emerging as a standard screening practice in North America, as it allows property managers to confirm applicant identities before scheduling a tour.
Employing ID Verify as the initial step in the resident screening process provides Breeze Premier clients with a higher level of fraud prevention. Prospective renters simply upload a selfie and a photo of a government-issued identification document to the cloud. Then ID Verify detects fake IDs and validates real identities, ensuring a secure and reliable screening process. The new technology can also manage resident, visitor and vendor access, enhancing community security.
When paired with ScreeningWorks® Pro in the United States or Yardi® Resident Screening in Canada, property managers centralize resident screening data with their property data. This single source of truth provides multifamily businesses with a deeper understanding of who they’re renting to, ensuring greater confidence and quality in resident selection.
“Rising fraud increases the risks of bad debt,” said Peter Altobelli, vice president and general manager of Yardi Canada Ltd.” However, we’re optimistic that ID Verify will safeguard the future of the multifamily market when implemented as the first step in the resident screening process.”
Book a demo to learn more about ID Verify and how it will benefit your property management business.
About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.
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