Award-winning Australian proptech enterprise Downsizer has introduced Tata Consultancy Companies (TCS) as its key expertise companion to speed up the technical growth and international progress of the Downsizer SaaS platform and consolidate its distinctive place on the intersections of fintech, proptech and insurtech.
The prevailing Downsizer SaaS platform has proprietary mental property that provides a real-time gross sales dashboard to property builders and likewise permits automated threat calculations for cashless deposit bonds that can be utilized by residence consumers to trade contracts on a brand new property.
As digital applied sciences disrupt well-established industries, the partnership permits Downsizer to leverage the TCS Co-Innovation NetworkTM (COINTM) and convey international capabilities into the Australian downsizing market.
The TCS crew will assist the transformation of the Downsizer SaaS platform’s technical functionality to ship extra options and good UX for property builders, threat underwriters, and the quickly rising cohort of over 55s aspiring to downsize and unlock each monetary and way of life advantages.
Downsizer Managing Director Mark Macduffie stated, “TCS is a perfect companion for Downsizer as we assist the normal finance, property and insurance coverage industries to ship modern digital options for the rising downsizer demographic who need to make that necessary residence transition.”
In response to analysis revealed within the “Downsizer Obtain” final 12 months, Australia is correct at first of a house downsizing increase. The analysis predicts 1.7 million Australian households might be downsizing within the subsequent 5 years and that interprets into trillions of {dollars} of actual property that can be offered and purchased. Moreover, this primary wave of downsizing is anticipated to launch $300 billion in web fairness that may be invested to spice up retirement revenue, for instance, by making a downsizer contribution into superannuation.
“The downsizing increase is a worldwide pattern that can also be taking off within the UK and USA,” stated Mark Macduffie. “Downsizers are motivated sellers and as a rule they’re money consumers – usually selecting to purchase new construct residences off-the-plan – so they aren’t impacted by rising rates of interest. It’s actual property’s finest saved secret!”
The day-to-day companion relationship can be managed by Phil Verdon, Chief Working Officer at Downsizer, and Rohit Kapoor, Senior Government and Supply Centre Head, TCS Australia & New Zealand.
