JPMorgan Chase Collaborates with Reonomy to Deliver Data and Insights to Power the Commercial Real Estate Industry
NEW YORK, February 24, 2021 / PRNewswire / – Reonomy, a leading provider of actionable CRE insights, today announced that JPMorgan Chase will use Reonomy ID and the Reonomy Knowledge Graph to improve its property data strategy. The ID, a unique identifier for each commercial property, enables the company to easily merge different property data sets, while the knowledge diagram helps expand the property data. Overall, the technology will enable JPMorgan Chase to deliver timely intelligence, powerful analytics and deeper insights to their CRE clients.
The Reonomy platform consists of a web application and data solutions based on uniform technologies and data standards. The platform combines different real estate information through machine learning and the proprietary knowledge diagram, which provides detailed information on commercial real estate, transactions and companies for a variety of organizations.
“We are committed to delivering value to our CRE customers, and having the best data available – comprehensive, timely and accurate – is critical to delivering that value,” he said Steve Turk, Chief Data & Analytics Officer for the Commercial Banking business at JPMorgan Chase. “We are excited to partner with Reonomy to help our customers access new data-driven insights and opportunities.”
“As one of our first customers, JPMorgan Chase has played an enormous role in our development and they have been a great partner for many years,” said Reonomy CEO. Bill Okun. “Working with them enables us to provide more real estate information to the entire industry.”
This strategic relationship with Reonomy is part of JPMorgan Chase’s company-wide commitment to partner with fintech and proptech companies to develop the best business solutions for customers.
Reonomy is the leading provider of CRE insights, supporting top brokers, financial institutions and commercial service providers with actionable data and solutions. With Reonomy’s corporate products, CRE experts and organizations can gain a comprehensive understanding of the market, discover opportunities and optimize research processes. For more information, please visit https://www.reonomy.com or follow us on Twitter @Reonomy.
About JPMC Commercial Banking:
JPMorgan Chase Commercial Banking is a business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services company, with assets of $ 3.4 trillion and operations worldwide. With its Middle Market Banking & Specialized Industries, Corporate Client Banking & Specialized Industries and Commercial Real Estate divisions, Commercial Banking serves up-and-coming startups in medium-sized and large corporations as well as government agencies, non-profit organizations and commercial real estate investors, developers and owners. Clients are supported through every growth phase with specialized industry expertise and bespoke financial solutions, including credit and finance, treasury and payment services, international banking and more. For information on JPMorgan Chase Commercial Banking, please visit www.jpmorganchase.com/commercial.