Finexos

🌟 Wishing a wonderful festive season to one and all. Special thanks to our clients, investors, partners, board and supporters in 2024 and we hope everyone has a fantastic New Year! 🌟 With best wishes from all the team at Finexos. 

✨Our December highlight has to be taking part in the Blind Date pitching session on the Fintech Fringe stage at FinTech Connect. This novel format saw four fintech startups pitch their innovative solutions behind a partition to eliminate bias, with the VCs judging solely on their ideas and business models: ▪️Jay Wilson, Partner at AlbionVC ▪️ Alexander Mayall, Investment Principal at Anthemis Group ▪️ Ashley Abrahams, Head of Origination at Guinness Ventures ▪️ Sanchit Dhote, Investment Principal at Outward VC 🎙️ Finexos Head of Operations Thomas Belli took to the stage to pitch our AI-powered credit risk and analytics platform alongside Hannah Baynham of haboo money, Chris Park of DeFinity Markets and Ann Marie Juliano of Muse Finance. 🎉 The session, hosted by Events Director Raf De Kimpe, was also filled with lots of entertainment, high energy and plenty of sparkle! And we were thrilled to be titled investors choice with four follow-up meetings. Huge thanks to everyone involved and to the fabulous Calypso Harland for the invitation to pitch. We loved the element of eliminating bias, a key element of our platform, and are looking forward to continuing the conversations in 2025! #fintech #startups #VCs #credit #FintechFringe #FintechConnect

🤝 We are excited to join the LendAPI Marketplace! This important partnership with the innovative LendAPI will bring the Finexos AI-powered credit risk and analytics platform to more lenders to reduce risk, costs and default rates for lenders, borrowers and society and promote financial inclusion. 🚀 Looking forward to working with you! 🚀 Find out more here 👉 https://lnkd.in/g_tniWjZ #Fintech #credit #AI #risk #financialinclusion #compliance Zitah McMillan Timothy Li

❓How can smaller lenders adopt AI most effectively? The development and implementation of #AI programs requires significant financial and operational investment, which not all lenders have the capabilities to undertake.    🔑 Third-party vendors provide a gateway for smaller lenders to adopt and realise the benefits of AI in credit decisioning. Yet smaller lenders may lack the necessary skillsets to sufficiently assess the adequacy of vendors in areas such as #transparency, #explainability, #dataprivacy and #security. ✅ Our latest blog examines what third-party vendor practices can help address these issues and key points lenders should look out for when assessing them.  Find out here 👉 https://lnkd.in/eHQAiiDa By working with third-party AI providers that offer the highest standards and support, smaller lenders can benefit from AI capabilities cost-effectively and safer in the knowledge that they are delivering good outcomes and maintaining compliance. #lenders #creditunions #CDFIs #risk #compliance #credit #ConsumerDuty

We joined the celebrations last night for the launch of the Innovate Finance Women in Fintech Powerlist 2024, kindly hosted by Augmentum Fintech. It was a a fantastic evening with plenty of opportunities for Finexos CEO Zitah McMillan to chat with other inspiring female fintech leaders who are driving innovation in financial services, diversity champions and allies. Panel Conny Dorrestijn Prins, Samina Hussain-Letch, Agata Leliwa Nowicka and Hannah Dobson shared many insights including the importance of utilising networks effectively, resilience being an attitude not an art, the value of leveraging AI in getting to market faster and the benefits of automation for SMEs. Big thanks and great to see the Innovate Finance team Janine Hirt, Joshita Ganesan, Roberto Napolitano, MBA, Thin Chambers and Michael Carter. We look forward to the release of the list. Nominations can be made here 👉 https://lnkd.in/gvSYf-6G #WomeninFintech #Fintech #innovation 

Finexos had the pleasure of heading to Google yesterday where our CEO Zitah McMillan attended the incredible Innovate Finance PowerUp: FinTech Startup Forum. 🚀 Zitah joined other CEOs and Founders from some of the UK’s most innovative fintech startup and scaleup companies for a morning of learning and knowledge sharing. The thank you list is long, with so many dynamic sessions and speakers! Huge appreciation to: 🔸Google for hosting and Richard Ashby and the Google Cloud team for valuable insights into leveraging cloud tech for growth. 🔸Iain Anderson FRSA of H/Advisors Cicero for his informative outlook on the Economic and Political world for 2025. 🔸Tom Bull and Tom Hill of EY for their inspiring session on Leadership and Resilience. 🔸Mark Hunter MBE, OLY for his fascinating talk on the application of leadership and strategy to make Team GB excel. 🔸Matthew Hyde of Recruit 121 (Finance, Technology & Executive) for his talent recruitment insights for 2024. 🔸All the fellow CEOs and Founders in attendance for their thought-provoking contributions. ✨ And of course the amazing Innovate Finance team! Another stellar event Roberto Napolitano, MBA, Joshita Ganesan, Rashee Pandey and Janine Hirt. We hope this PowerUp was the first of many! 👏 #fintech #startups #scaleups #growth #innovation

It has been a fantastic FTT Fintech Festival, with many opportunities to connect with old and new industry faces and a wealth of interesting insights into the digital transformation of financial services. 🚀 With eight stages covering everything from Open Finance to Payments, Fraud & FinCrime to AI, a lot was covered. The incredible potential of innovation and fintech to drive positive change in financial services was showcased across the board along with frank discussions about the challenges along the way, and how to overcome them. Standout sessions for Finexos were: ▫️Lord Holmes opened the proceedings on the Open Finance stage, expressing how important Open Finance and Open Data are in improving inclusion and outcomes for consumers and SMEs. ▫️The session ‘Unlocking the Future: AI and Open Finance for Financial Inclusion’ discussed the power and the challenges of leveraging data and automation to expand financial access. The representatives from THE FINANCIAL INCLUSION CENTRE, Birdie, Centre for Finance, Innovation and Technology (CFIT), and RiseUp highlighted how AI and open finance can bridge gaps in financial inclusion. ▫️Speakers from London Mutual Credit Union, Community Finance Ireland, Acorn Community Bank, Skegness Building Society and Mast discussed ‘A new era of financial services’ on the FTT Mutuals Stage. Key themes covered were new technologies, changing customer behaviours, hyper-personalisation and educating customers on financial wellbeing. Many thanks to the organisers, expert speakers and all the attendees we had such interesting conversations with. #financialservices #Fintech #innovation #data #openbanking #AI #financialinclusion #FTT24

Diversity in Fintech brings many benefits. Our CEO Zitah McMillan discusses this important topic, why female leaders are key to industry’s growth in the UK, the progress made and what more can be done to harness those benefits. Read the article in Tech Funding News below. #Fintech #growth #diversity #womenintech Innovate Finance Akansha Dimri

💡"16% of respondents are using AI for credit risk assessment, and a further 19% are planning to do so over the next three years.” These figures were one of the preview headlines from the Bank of England’s latest survey of how financial services firms in the UK are using AI and machine learning, revealed in a speech this week by Sarah Breeden, the Bank of England’s Deputy Governor of Financial Stability. As a technology provider at the forefront of this technical ability, we are acutely aware of the positive outcomes that the application of cutting-edge, ethical AI tools to credit decisioning can create - for both borrowers and lenders. 📧 Contact us to find out about the unique and highly effective Finexos approach to enhancing credit decisioning, monitoring and outcomes, reducing default rates and promoting financial inclusion: enquire@finexos.io The speech is available to read in full here:  https://lnkd.in/exmhaApe #AI #credit #risk #affordability #ConsumerDuty #FCA Zitah McMillan

📣 We are excited to announce the appointment of Zitah McMillan as CEO of Finexos 📣 Zitah’s extensive knowledge and experience makes her ideally placed to take the helm of Finexos as we expand our work reducing risk, costs and default rates for lenders, borrowers and society with our AI-powered risk engine and data science platform. “I’m delighted to be joining Finexos at this point in its growth, it brings all the aspects of my career together. The credit services ecosystem is a vital part of the economy and one that has to operate effectively for the benefit of all participants. The vision of Finexos, delivered by focusing on supporting and enabling lenders to make the right decisions for their businesses, enabling economic growth and sustainable access to credit for borrowers is incredibly motivating and powerful.” Zitah McMillan, CEO, Finexos 👏 Welcome aboard Zitah! A link to the full press release is available in the comments. #CEO #AI #credit #risk #datascience #financialinclusion #ConsumerDuty #Fintech #openbanking