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Nedbank Partners with OpenSpace to Create Value for Clients

Nedbank Property Finance, the largest commercial property financier in South Africa, specializes in financing commercial, industrial, retail, and residential development property. The company offers vital loan funding to help developers, owners, occupiers, and investors achieve their vision.

In 2021, the Nedbank team was constrained by travel restrictions, jeopardizing the company’s ability to offer funding solutions to clients outside of South Africa. In particular, travel restrictions severely impacted funders’ ability to support development projects that required continuous monitoring and payments for completed work at construction sites. The company required a user-friendly technology solution to help its clients when it mattered most.

Read this case study to learn how, working with OpenSpace, Nedbank successfully unlocked valuable opportunities for clients in Kenya, Morocco, and Mauritius. Discover how the technology has enabled Nedbank to monitor construction risks proactively, approve payments faster, and support the needs of its own clients.

“OpenSpace is an incredible tool to monitor construction risks proactively.”

Genevieve Naidoo

Divisional Executive: Property Finance PM, Valuations & Sustainability

Nedbank CIB

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Nedbank case study Download the Case Study
At OpenSpace, we’re on a mission to bring new levels of transparency to construction. We combine simple off-the-shelf 360° cameras, computer vision, and AI to make it incredibly easy to capture a complete visual record of a job site, share it via the cloud, and track progress remotely. Our customers have used the platform to capture more than 10 billion square feet of job site imagery and over 494 million images of active construction projects, from job sites in 86 countries across five continents.