Artificial Intelligence
Global Healthcare IT Integration Market Size, Share & Industry Trends Analysis Report By Offering, By Services Type, By Products Type, By End User, By Regional Outlook and Forecast, 2021 – 2027
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Healthcare IT Integration Market Size, Share & Industry Trends Analysis Report By Offering, By Services Type, By Products Type, By End User, By Regional Outlook and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06249497/?utm_source=GNW
Information technology (IT) integration in healthcare encompasses a wide range of automated ways for managing information about people’s health and healthcare, for both individual and group patients.
Healthcare IT integration is a category of medical gadgets that allows physicians and clinicians to constantly monitor and care for infants and children. These devices can also be used to give the infant drugs, fluids, or even blood, check blood pressure, treat a variety of ailments, and keep track of the baby’s status and health.
Healthcare IT integration allows healthcare equipment to collect and share data with the cloud as well as with one another, allowing for the rapid accumulation of data that can be precisely analyzed. IoT integrates sensor output and communications to perform services that were previously considered notional, from tracking and diagnostics to delivery methods. Wearable sensors, cloud-based sensors, and device integrated sensors are all options.
The healthcare business today has a continuous accumulation of patient data to stimulate diagnoses and preventative care, as well as to estimate the likely outcome of preventive therapy, thanks to developments in sensors and ICT. Integration of healthcare IT, such as automatic drug dispensers in hospitals, helps to improve efficiency. These types of integrated devices are also utilized to monitor medicinal cold storage in warehouses and well-funded drug stores with storage areas.
IoT-enabled sensors incorporated in healthcare equipment that monitor the patient’s condition during and after surgery or therapy are examples of patient monitoring applications of healthcare IT integration. Patients can also be monitored remotely using these devices. As a result, the market for healthcare IT integration solutions is primarily driven by rising demand for healthcare IT integration.
COVID-19 Impact
All healthcare facilities are under tremendous strain as a result of the COVID-19 outbreak, and healthcare facilities around the world have been overloaded as a result of the daily visits of countless patients. In various nations around the world, the increased prevalence of coronavirus disease has fueled demand for accurate detection and treatment equipment. Connected care technologies have shown to be quite beneficial in this area, since they enable healthcare professionals to track patients using digitally connected noninvasive equipment like home blood pressure monitors and pulse oximeters. Furthermore, the disease’s rapid global spread has resulted in a shortage of hospital beds and healthcare staff. As a result, connected medical devices have become more popular for monitoring vital signs, and this trend is expected to continue in the future years. As a result, in the coming years, healthcare IT integration solutions are projected to be widely utilised.
Market Growth Factors
EHRs and other healthcare IT solutions are being adopted at a rapid pace
Patient data is generally unstructured, complex, and private. Integrating this data into the healthcare delivery process is a hurdle that must be overcome in order to gain enhanced patient care potential. Despite the fact that EHRs have been in use for over a decade, the market has recently gained up steam as a result of government measures in several nations to increase patient data protection. In the United States, for example, the Health Information Technology for Economic and Clinical Health (HITECH) Act, which was enacted as part of the American Recovery and Reinvestment Act (ARRA), set aside funds to reward hospitals and physicians who demonstrate meaningful use of electronic health records.
Telehealth services and remote patient monitoring solutions are in high demand
Telehealth services are currently in high demand for monitoring and consulting. Delivering instructional content and ensuring uninterrupted contact between patients and healthcare providers has become possible thanks to advancements in healthcare systems. The efficient integration of medical devices and ICT, which helps offer healthcare services over great distances, is critical to the smooth operation of remote patient monitoring solutions. It’s tough for doctors and nurses to carry patient records on the fly because they spend so much of their time away from computers in hospitals. As a result, numerous industry participants began to offer mobile platforms for healthcare IT solutions, such as mobile applications.
Market Restraining Factors
Challenges related to data integration
Patient information is created in all departments and at all points of treatment within the healthcare organization, making it a highly information-intensive industry. However, in order to create comprehensive and reliable patient records, it is critical to provide reliable information by integrating large amounts of data. Because numerous medical devices and diagnostic tools are employed in healthcare systems, there is an increasing need to integrate all of these systems to help healthcare practitioners respond quickly at multiple care delivery points.
Offering Outlook
Based on Offering, the market is segmented into Services and Products. During the projected period, the products segment is expected to grow at the fastest rate. The increasing deployment of healthcare IT integration solutions to streamline healthcare organizations’ workflows, the growing need for data standardisation, and the growing need to build, design, and implement standardised, interoperable networking platforms are expected to propel the healthcare IT integration services market forward during the forecast period.
Service Type Outlook
Based on Services Type, the market is segmented into Support & Maintenance Services and Implementation & Integration Services. In 2020, the support and maintenance services segment acquired the largest revenue share of the Healthcare IT Integration Market. Interoperability and software complexity problems are handled through support and maintenance services. These services ensure that clients (healthcare providers) have access to the vendor’s technical knowledge base, receive assistance from its product support team, and learn how to administer applications.
Product Type Outlook
Based on Products Type, the market is segmented into Interface/Integration Engines, Medical Device Integration Software, Media Integration Software, and others. The Medical Device Integration Software segment obtained a significant revenue share of the Healthcare IT Integration Market in 2020. The medical device integration software market is growing due to factors such as increased adoption of EHR systems and other interoperability solutions in healthcare organizations, an increase in regulatory requirements and healthcare reforms, a rising preference for home care settings, and a growing need for integrated healthcare systems to improve healthcare quality and outcomes.
End User Outlook
Based on End User, the market is segmented into Hospitals, Laboratories, Clinics, Diagnostic Imaging Centres, and others. In 2020, the Hospitals segment held the maximum revenue share of the Healthcare IT Integration Market. The expanding use of healthcare IT integration solutions in hospitals to maximize value-based payments and the increasing acceptance of medical device integration solutions to minimize medical errors and enhance treatment quality and patient safety are principally responsible for this segment’s high share.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America emerged as the leading region in the overall Healthcare IT Integration Market. Factors such as the widespread adoption of clinical device connectivity and interoperability solutions to reduce rising healthcare costs, the rising number of coronavirus (COVID-19) patients in the United States, and strict rules and guidelines implemented by government and non-government authorities such as the Federal Communications Commission (FCC) and the Centers for Medicare and Medicaid Services (CMS) are driving the growth of the healthcare IT integration market in the region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), NextGen Healthcare, Inc., Epic Systems Corporation, IBM Corporation, Oracle Corporation, Infor, Inc. (Koch Industries), Koninklijke Philips N.V., and Wipro Limited.
Recent Strategies Deployed in Healthcare IT Integration Market
Partnerships, Collaborations, and Agreements:
Oct-2021: Epic Systems entered into an agreement with NOVO Health, through its subsidiary NOVO Health Technology Group. This agreement aimed to introduce a cloud-based Epic EHR implementation among its community of healthcare providers utilizing Microsoft Azure health IT. In addition, the cloud-based EHR implementation aimed to empower healthcare providers with the health IT they require for quality care delivery.
Jul-2021: Royal Philips joined hands with Cognizant, a world-leading professional services firm. This collaboration aimed to allow healthcare organizations and life sciences companies to enhance patient care and boost clinical trials.
May-2021: Oracle entered into a partnership with HealthPartners, an integrated health care organization. This partnership aimed to shift business processes in finance, supply chain, and human resources to the cloud. Oracle Fusion Cloud Applications Portfolio that involves Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), Oracle Fusion Cloud Enterprise Resource Planning (ERP), and Oracle Fusion Cloud Human Capital Management (HCM), would modernize and simplify work that is important to the success of HealthPartners.
Apr-2021: Siemens Digital Industries Software extended its partnership with SAP, a German multinational software corporation. This partnership aimed to allow the companies to provide new solutions for the Service and Asset Lifecycle. Under the initial focus on discrete manufacturing, Siemens would begin to deliver the SAP Asset Strategy and Performance Management application, SAP Asset Intelligence Network, and the SAP Enterprise Portfolio and Project Management package.
Aug-2020: Allscripts came into a partnership with Israel’s Sheba Medical Center. This partnership aimed to boost the speed of artificial intelligence technologies and to enhance patient care via the hospitals. In addition, Sheba Medical Center utilized the Allscripts dbMotion Solution for effortless interoperability and patient data harmonization, would host a lab space to promote innovative projects.
Jul-2020: Allscripts extended its partnership with Microsoft, an American multinational technology corporation. This partnership aimed to allow the expanded development and delivery of cloud-based health IT solutions. The five-year extension would complement Allscripts’ cloud-based Sunrise electronic health record, which would make Microsoft the cloud provider for the solution and open up co-innovation opportunities to assist transform healthcare with smarter, more scalable technology.
Feb-2020: Allscripts entered into a partnership with Manorama Infosolutions, a healthcare IT company located in India. This partnership aimed to provide an integrated Healthcare Management Information System and Health Information Exchange platform.
Acquisitions and Mergers:
Dec-2021: Oracle Corporation signed an agreement to acquire Cerner, an American supplier of health information technology services, devices, and hardware. This acquisition would enable Oracle to transform healthcare delivery by offering medical professionals better information and enabling them to make enhanced treatment decisions leading to better patient results.
Sep-2021: GE signed an agreement to acquired BK Medical, a leader in advanced surgical visualization. This acquisition aimed to allow BK Medical’s Active Imaging platform to outreach new customers and new markets across the globe, and the integration of GE Healthcare’s diagnostic imaging technology with BK’s capability to allow decision-making and surgical visualization in intervention would enable better decision-making across the care continuum.
Jan-2021: Philips took over Capsule, a leading vendor-neutral Medical Device Integration Platform. This acquisition aimed to complement Philips’ strategy to change the delivery of healthcare along the health continuum with integrated solutions.
Feb-2020: Infor took over Intelligent InSites, a leading provider of healthcare software and services. This acquisition aimed to allow Infor to provide an expanded portfolio of technology for healthcare organizations.
Product Launches and Product Expansions:
Dec-2021: IBM Watson Health, along with Healthcare IT Leaders launched the integration of IBM Digital Health Pass with Healthcare IT Leaders Healthy Returns, a complete portfolio of enterprise COVID-19 services. The IBM Digital Health Pass is developed to allow companies to verify COVID-19 test outcomes or vaccination status for employees, customers, and visitors visiting their site like a sports stadium, university, airplane, government building, or workplace.
Nov-2021: GE Healthcare released 60 innovative technology solutions ranging the healthcare spectrum consisting of patient screening, therapy planning, diagnostics, guidance, and monitoring. During a global pandemic and mounting pressure on the healthcare sector, the company boosted innovations underpinned by artificial intelligence (AI) and digital solutions to assist in transforming healthcare delivery, which make the process easier and more efficient for clinicians and health systems, and more personalized and accurate for patients.
Jul-2021: Infor launched its FHIR Server, the company’s vision for assisting healthcare companies better leverage and evaluate their data. By using this new application, companies can expand their electronic health records (EHR) and clinical systems’ Fast Healthcare Interoperability Resource (FHIR) and application programming interface (API) capabilities, streamline care coordination by offering required information to providers & patients, and accelerate their organization’s digital transformation along with using prevailing clinical systems connected to an innovative FHIR-based ecosystem.
May-2021: Allscripts launched ADP Empower, a new program. This program is designed to improve various voices in the healthcare technology industry and provide valuable resources to underrepresented entrepreneurs to expand their businesses and boost innovation.
Scope of the Study
Market Segments covered in the Report:
By Offering
• Services and
o Support & Maintenance Services
o Implementation & Integration Services
• Products
o Interface/Integration Engines
o Medical Device Integration Software
o Media Integration Software
o Others
By End User
• Hospitals
• Laboratories
• Clinics
• Diagnostic Imaging Centres
• Others
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
• Siemens Healthineers AG (Siemens AG)
• AllScripts Healthcare Solutions, Inc.
• General Electric (GE) Co. (GE Healthcare)
• NextGen Healthcare, Inc.
• Epic Systems Corporation
• IBM Corporation
• Oracle Corporation
• Infor, Inc. (Koch Industries)
• Koninklijke Philips N.V.
• Wipro Limited
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/p06249497/?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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