Proptech Pulse: Why risk-mitigation strategies should be on every business playbook
Nick Bouris, the recently appointed chief executive of the Managed App, chats with Momentum Media\u2019s Grace Ormsby for the latest episode of\xa0 REB\u2019s Proptech Pulse.
With the real estate sector facing an unprecedented rise in illicit finance risks, including instances of trust account fraud, money laundering, cyber crimes, and data breaches, Nick talks about the different blindspots in the current ecosystem that businesses should be aware of. And while fraudsters are becoming more sophisticated with how they operate, he underlines that the right tech combined with the proper risk-mitigating workplace practices and strategies can protect a business from scams, shams and schemes.\xa0
In this episode, you will hear:
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- How a tech-based approach to managing risks benefits all stakeholders (e.g. landlord, tenant, property managers)\xa0
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- Why it\u2019s important to have audits, systems and processes to defend against finance risks\xa0
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- The different cyber security protocols businesses should adopt
To learn more about the Managed App and how it can help safeguard your business, make sure to check them out at \xa0 https://managedapp.com.au.
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If you have any questions about what you heard today, any topics of interest you have in mind, or if you\u2019d like to lend a voice to the show, email\xa0editor@realestatebusiness.com.au\xa0for more insights.\xa0