MarketInvoice appoints former Santander Head of Risk and embraces AI
Posted: 3 April 2017 | By Darcie Thompson-Fields
Shaun Alexander of Santander has joined MarketInvoice as Head of Risk and will be using AI to improve the accuracy of the risk process.
The world’s largest peer-to-peer online invoice finance marketplace is ready to embrace new technologies to ensure the efficiency of its risk process.
Alexander will work directly with co-founder and COO Ilya Kondrashov in reformulating the risk management strategy and improving credit scoring systems and risk policies. Shaun will use machine learning, artificial intelligence and automation to improve the accuracy of the risk process.
“For too long, as I have witnessed first-hand, the status quo in risk management has gone unchallenged. Much more can be done with the available technology to drive and enhance the quality and speed of risk decisions for UK businesses.” Said Alexander.
Alexander has over 30 years’ experience in retail and corporate banking and has worked for large banks including Santander and Barclays.
Launched in 2011 and based in London and Manchester, MarketInvoice has provided over £1.1b in funding to thousands of UK businesses.