Sydney, Australia | 12 December 2022
Commonwealth Bank of Australia (CommBank) has partnered with global fintech, Valocity, to further digitise and enhance property valuations.
The innovative partnership provides CommBank with Valocity’s cloud-based Valuation Platform that enables transparency, efficiency, and a seamless digital experience for both CommBank and the bank’s customers.
CommBank has a focus on digital innovation and leveraging the latest data and technology to meet their commitment to be Australia’s most accessible bank. Similarly, Valocity is well recognised as a cutting-edge fintech with a purpose of delivering unique solutions that enable seamless user experiences and a faster speed to yes.
The CommBank project team working with Valocity to implement the game changing Commercial Valuation Platform were a finalist for the ‘Best Internal Innovation Award’ at CommBank’s annual awards ceremony.
Michael Bennett, General Manager Property and Construction Finance at CommBank said,
“CommBank is known for embracing digital to help secure and enhance the financial wellbeing of Australia’s people, businesses, and communities. Our synergistic collaboration with Valocity supports the delivery of our strategy, to build the best experiences and derive value for our customers in today’s digital era.”
“We are incredibly proud to partner with CommBank and to be working together to solve complex issues within the mortgage lending space. The way our two businesses have come together to augment CommBank’s capabilities, with the customer at the heart, demonstrates the value of partnership to streamline, simplify and future-proof processes to deliver significant competitive advantage.”
Valocity is a globally awarded FinTech company transforming and digitising the property decisioning process globally with customers across Australia, New Zealand, India, and Asia.
Valocity digitises the entire property valuation process with its unique cloud-based valuation platform, with bespoke solutions for residential, commercial, and agricultural lending.
It combines the best of nationwide property data with global technology and advanced analytics expertise to create customised insights, desktop valuations and a Full Valuation Ordering Platform that enables data driven decision making and more seamless customer experiences. Just this month, Valocity was recognised as Runner Up Global Fintech of the Year at the Prestigious Singapore FinTech Festival and recently took home the Excellence in Innovation Award at the esteemed ASSOCHAM Fintech Awards 2022.
For more information, please contact:
Will Ryan, CEO – Australia – Valocity
For any media inquires contact:
Sara Pesic, Head of Marketing – Valocity