Artificial Intelligence or AI has taken the tech world by storm, allowing Fintech companies to cut costs, automate various business process such as property valuation and appraisal, and improve the bottom line.
Normal security systems are no longer keeping up and the Fintech companies are looking up to the next big thing artificial intelligence. AI improves results by applying methods derived from the aspects of human intelligence at a beyond human scale.
Process automation from AI offers tremendous opportunity to lower the costs associated with commercial and residential real estate. As the interaction between consumers and Fintech companies becomes frictionless, there are exciting opportunities for the Fintech companies to leverage AI to find the right customers for their products.
Unlike the traditional system where banks used to send human appraisers to evaluate a property, appraiser management companies do this task in an automated way leveraging the capabilities of artificial intelligence. Our client, TaskyGig approached us to develop a platform where appraiser management company can get the appraisers to do property evaluation for the customers. Property owners too can post their property on the platform to get it evaluated and apprised by the appraisers to get the loan approved by the banks. Since highly experienced appraisers bid for the appraisal projects, the work is done in a professional way and the report is submitted by them to the appraiser management company that submits it to the banks for processing the loan amount.