API Economy for PropTech

API Economy for PropTech

Besides ML (machine learning), AI (artificial intelligence) and blockchain, APIs (Application Programming Interface) have been a recent buzzword that’s been thrown around a lot. But what good does API’s provide for financial institutions, property asset managers and real estate owners?

Application Programming Interfaces are a way to make systems to communicate with each other. For the user, this means more efficiency and automated routines. People can focus on creating new value while systems take care of the routine tasks. The best part of the open APIs is that they enable organisations and users to create new services on them. When rent management service communicates directly with accounting software, it allows organisations to build entirely new digital services for their customers.

SkenarioLabs has now released its own set of APIs. Currently, the API is limited to property related information such as building or lease details, but from now on we intend to open all our service to the public. Right now you can for example update property portfolios, check value development of units or repair and risk forecast for any building. Naturally, we have taken extra care to make sure that our customer’s data is in a safe place, but can be accessed easily through existing systems. If you are interested in giving a spin to our API and see how it can enable your business to get more value out of the property data, don’t hesitate to contact us!

SkenarioLabs