MARKETS & FX
PropTech TRUSTART Offers On-Site Photo Service to Bank of ChinaA · FULL TRANSLATION
# TRUSTART# PropTech# real-estate collateral
Key Points
- PropTech firm TRUSTART offers Bank of China an on-site photo service for real-estate collateral.
- It addresses the pain of verifying collateral in cross-border lending.
- It shows PropTech applied to cross-border finance.
Analysis
PropTech firm TRUSTART will provide Bank of China an on-site photo service for Japanese real-estate collateral. A core pain of cross-border lending is verifying overseas collateral in person, so third-party on-site photos give remote lenders eyes on the ground, a pragmatic case of PropTech filling a cross-border finance gap and a sign of foreign lenders' appetite for Japanese property.