11.11.2021

VIEWAPP is a partner of the "FinLEGAL pledges" forum

On 9 November 2021, the Marriott Novy Arbat hosted the 4th Forum "FinLEGAL Collateral" organised by the "Banking Review" project, the main target audience of which is management of credit and financial companies.

The "FinLEGAL pledges" forum turned out to be very rich with interesting speakers on pressing topics of current concern to market participants.

Key discussions at the forum were:

- Innovations in Central Bank regulations and the reaction of the banking industry;

- Trends in the valuation of bank pledges in the valuation business;

- Innovative collateral monitoring services;

- Registration of pledges over immovable property and services to implement this initiative of Rosreestr.

VIEWAPP, which was a partner of the 4th "FinLEGAL Pledges" forum, the specifics of discussions which are very close to the aims and objectives of VIEWAPP technology platform, presented its innovative technology for the assessment and monitoring of pledges to the focus audience. This technology has already been successfully used by various financial institutions to conduct remote inspections and remote monitoring of collateral activity.

The valuation business, as well as the banking, insurance and many other businesses, have to digitise their processes as a matter of urgency and priority, in addition to the proliferation of various regulatory requirements pushing for digitalisation with redoubled force. Digitisation should not be delayed because the rest of the market has already introduced digital services and has gained a huge competitive advantage as well as a host of other benefits:

- Tremendous savings in the cost of doing business;

- Streamlined business processes;

- Improved staff performance;

- State-of-the-art services, etc.

Financial market participants are aware of the importance of early application of innovative technologies and are short of them. Some try to create their own invention, but trying to replicate a digital solution on their own is very costly and usually does not yield the desired result. Whereas VIEWAPP, an off-the-shelf and successfully tested application for carrying out inspections of any kind, such as bank or valuation mortgages, will make the transition to digital in record time without any significant cost.

Crisis is a time of opportunity, with the leaders becoming even more successful and the weak ones becoming a thing of the past. It also requires regular rethinking of one's business processes, even those previously successful, and constant change to create and maintain a competitive edge.