Nick Bouris, the recently appointed chief executive of the Managed App, chats with Momentum Media's Grace Ormsby for the latest episode of REB's Proptech Pulse.

With the real estate sector facing an unprecedented rise in illicit finance risks, including instances of trust account fraud, money laundering, cyber crimes, and data breaches, Nick talks about the different blindspots in the current ecosystem that businesses should be aware of. And while fraudsters are becoming more sophisticated with how they operate, he underlines that the right tech combined with the proper risk-mitigating workplace practices and strategies can protect a business from scams, shams and schemes. In this episode, you will hear:

• How a tech-based approach to managing risks benefits all stakeholders (e.g. landlord, tenant, property managers)

• Why it's important to have audits, systems and processes to defend against finance risks

• The different cyber security protocols businesses should adopt

To learn more about the Managed App and how it can help safeguard your business, make sure to check them out at https://managedapp.com.au. Make sure you never miss an episode by subscribing to us now on Apple Podcasts. Did you like this episode? Show your support by rating us or leaving a review on Apple Podcasts (REB Podcast Network) and by liking and following Real Estate Business on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend a voice to the show, email [email protected] for more insights.