Cushman & Wakefield : Launch Snappt Fraud Detection Technology

Data-driven fraud detection software strengthens Cushman & Wakefield's asset and facilities management services

CHICAGO - Cushman & Wakefield a leading global real estate services firm, announced today the deployment of Snappt's External Link commercial real estate (CRE) fraud detection and analytics technology to strengthen its asset and facilities management services.

Cushman & Wakefield's clients and stakeholders will now have access to state-of-the-art document verification using Snappt's data-driven fraud detection software that helps property managers accurately detect fraudulent financial documentation, user identity theft, and high-risk tenant applications that drive costly evictions and bottom-line loss.

'Working with technology leaders like Snappt help us drive more efficient, cost effective and secure operations for our clients,' said Jeff Jannereth at Cushman & Wakefield. 'Leveraging their innovative technology allows us to adapt to an ever-changing renter climate and deliver greater value to our clients.'

'We are absolutely thrilled to support Cushman & Wakefield as an added solution in their strategic PropTech initiatives. Last year there were over 21 million undocumented fraudulent application documents in the U.S. alone, yielding significant costs to real estate firms,' commented Daniel Berlind, CEO and co-founder of Snappt. 'In the current environment where the rental market is at a premium, property managers are exponentially exposed to renter fraud. Our top priority is to mitigate potential losses with the support of our industry-leading technology.'

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

About Snappt
Snappt, a Los Angeles based real estate technology company, provides a quick and inexpensive data-driven fraud detection service that accurately spots fraudulent financial documentation. Snappt is used by 5 of the top 6 property management firms in the U.S.