How can technology be applied in Property, Asset and Development Finance across Africa?
The case of chpter.
In Africa, the ownership and development of property is in our DNA . For generations we have conspired to own property. However, it is hard to imagine a more rigorous, out-dated and time consuming field when it comes to the sourcing of financing, be it to put up a development or manage an asset that someone already owns.
At chpter. , we are on a mission to build financial forecasting infrastructure that will work with banks and micro finance institutions to provide faster, more accurate and less paper heavy solutions in property, development and asset finance across Africa.
Increased data points and a rapidly changing financial market has made current practices in financial modelling and appraisal thoroughly inefficient. An infinite amount of time is spent keying information in one system, be it pen and paper, word or excel only to re-enter the same information in another. Not only does this lead to data loss through unstructured operation processes but also inaccurate financial assumptions and delayed decision making.
To bridge this gap we are developing the Chpter Integrated System (CIS), an industry leading software that is aimed at reducing rigid forecasting and modelling practices while enhancing collaboration in a world where the workplace is increasingly becoming decentralised by nature. Applied data analytics through Artificial Intelligence and Machine Learning will be at the core of the solutions powered by CIS.
What does this mean for the millions of property obsessed individuals across the continent? By powering solutions that are faster, efficient and less paper heavy, financial institutions will be able to provide a significantly better experience to their customers in property development and asset finance.
