Data sharing in property deals gets MPs’ backing at Commons meeting

Proptech firm Coadjute joined other tech leaders, MPs and a minister in Parliament to confirm support for open data in the property industry.

Copying similar reforms in the banking sector, open data reforms would allow estate agents, conveyancers and lenders to share information on buyers and sellers.

Pave the way

The Data Protection and Digital Information Bill, which is passing through Parliament with cross-party support, will pave the way for information sharing to become common place in property transactions.

Coadjute CEO Dan Salmons (right, main picture) and COO John Reynolds (left) were there as founder members of the Open Data Association.

The Open Banking Ltd Parliamentary Roadshow, chaired by Tory MP John Penrose, was attended by Business Minister Kevin Hollinrake MP, a former estate agent and Co-founder of the Hunters chain.

And Hollinrake confirmed the Government’s support for the bill and the move to open data.

It is a no-brainer, who wouldn’t want to see this?”

Salmons told The Neg: “The Government want to see open data standards applied more widely. It is a no-brainer, who wouldn’t want to see this?

“I believe that consumers, estate agents and the wider property market stand to gain a lot from the Data Protection and Digital Information Bill going through Parliament,” he said.

“Certainly Coadjute is strongly behind it and ready to help estate agents capitalise on the opportunities that new data standards present to improve the speed, accuracy and security of data as it moves around the property market.”

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