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PROPTECH-X : News Roundup – Seven Days of Articles & Analysis

New State of Physical Access Control Report from HID

HID, a worldwide leader in trusted identity and physical access control solutions, announces the 2024 State of Physical Access Control Report, identifying five key trends that are shaping the future of access control.

Produced by IFSEC Global in partnership with HID, the report surveyed over 1,200 security professionals across the globe to paint a picture of an industry that has been going through considerable transformation. Conducted between November 2023 and January 2024, the survey reveals five trends, as follows:

Mobile access and digital ID set to become ubiquitous  While physical ID is still prevalent within the access control industry, there is no doubt that mobile access credentials and digital IDs are quickly gaining ground.

According to this report, nearly 2 in 5 organizations (39%) now actively use mobile identities with respondents naming touchless/contactless solutions (48%) and mobile access (44%) as the two largest trends shaping the wider access control industry.

Open standards driving smart buildings phenomenon  Open standards have become key drivers for more converged security solutions, where physical access control data is helping not just to decide who should be allowed into the building, but also how that building can best be used. As the report shows, almost half of organizations (48%) already have access control/badge scanning systems in place to monitor building usage throughout the day, at least to some extent.

Additionally, 43% of respondents cited smart buildings and flexible workspaces being among the top three trends shaping the wider access control industry. Integration with other business functions was also listed by one in three respondents (32%) as another top trend.

Sustainability becoming a greater influence on business decisions  Sustainability is playing a significant role in access control with nearly two thirds (63%) of respondents citing that those with responsibility for sustainability have either some influence or are fully consulted when it comes to upgrading physical access control systems.

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Vonovia & Founders Factory powers new proptech startups in urban living

Founders Factory, the global startup studio, and Vonovia, Europe’s biggest housing company providing homes to one million people, are joining forces to build new tech startups. Underpinned with the mission of meeting the demands of expanding built areas, the new venture studio will deliver new tech innovations that support the scaling and availability of affordable as well as climate neutral housing. In the initial phase of the projects, Vonovia provides financial support and a strategic advantage. In return, the housing company receives minority shares in each startup.

The Vonovia/Founders Factory venture studio will partner with ambitious entrepreneurs to create new property, finance and climate startups. Founders will work closely with Vonovia and Founders Factory to utilise groundbreaking technologies to bridge the gap between the needs of the population and the spaces they inhabit and support the emergence of smart, connected cities. This partnership will explore how frontier technologies, such as generative AI, digital twins, and intelligent infrastructure, can be applied to address the challenges and opportunities of modern urban living.

The new venture studio combines Vonovia’s unique data and insights as Europe’s largest residential company with Founders Factory’s proven track record of building climate tech, fintech and mission-led startups. As a result, it presents a unique opportunity for entrepreneurs to bring positive change in the DACH-region by tackling some of its biggest social, environmental and financial challenges – such as climate change and shifting population demographics.

Alexander Weihe, Head of Innovation and Business Building Vonovia SE said; “As the biggest housing company in Europe Vonovia’s strategy on sustainability and innovation has been setting standards in the property sector for several years. Vonovia aims to achieve a near climate neutral building stock by 2045 and affordable living remains a cornerstone of our activities.

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Climate X raises £14m to predict climate risks on real estate assets

UK – Climate risk intelligence company Climate X has raised $18 million to accelerate its global expansion and help the world’s leading financial organisations price the impact of climate change across their physical asset portfolios. GV (Google Ventures) led the Series A investment round, supported by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures and Western Technology Investment (WTI).

UK-headquartered Climate X offers proprietary financial insights into the likely impact of climate risks on physical asset valuations, from residential and commercial properties to road, rail and power infrastructure. The  data analytics platform is trusted by world-leading financial institutions and asset managers—including Legal & General, CBRE, Virgin Money, and Federated Hermes – to enable smarter investment and portfolio management decisions, against a backdrop of tightening regulations regarding capital requirements related to climate risk exposure.

Climate X was co-founded by CEO Lukky Ahmed and CPO Kamil Kluza, who have over 30 years of combined corporate risk management experience. Lukky has led stress testing and risk transformation programmes for organisations like HSBC Bank and Lloyds Banking Group, while Kamil has modelled risk for organisations such as Barclays, MUFG, and Accenture and was involved in designing the first-ever tranche of coco bonds.

Recognising an unmet need for more defensible and scalable climate risk modelling in financial services, the duo set about building the technology behind Climate X. Their unique risk assessment model uses a combination of Digital Twin of the Earth, physics and AI, underpinned by more than 500 trillion data points, including a proprietary library of 1.5 billion individual assets and 44 million miles of infrastructure.

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Andrew Stanton’s PROPTECH-X ‘Proptech & Property News’ in association with Estate Agent Networking & News Now publications. #proptech #property #realestate #digitaltransformation #startups

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Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 100K followers & readers, he is the 'Proptech Realestate Influencer.'