AdviceRobo has made the shortlist for the 2016 F5 Awards

Big data applications and machine learning are beneficial for improved risk assessments and a solution for better and responsible lending. These are important insights from the worldwide study Finextra and AdviceRobo conducted last summer.

Alternative lending
In the increasingly competitive lending sector landscape existing players are enhancing their lending services via financial technology platforms. On the other side, FinTech platforms are changing the way consumers and businesses access finance. The ‘alternative lending’ sector is experiencing a period of unrelenting and intense growth, due to a range of factors not least the advancements of FinTech.

Thin-file customers
FinTech company AdviceRobo applies big data and machine learning which enables all lenders to include thin-file segments such as millennials, SME’s, start-ups and self-employed without increasing risk. The secret sauce is in its deep scientific psychographic scoring models.

AdviceRobo is on the shortlist for the 2016 F5 Awards, nominated in the category “Data & Analytics Excellence”. The company is a new-era business paving the way and re-designing consumer and business lending. “AdviceRobo is extremely honoured to be recognized as one of the most innovative companies in the future UK lending space”, says Diederick van Thiel, CEO of AdviceRobo.

On the F5 Awards
The F5 Awards are hosted by Credit Strategy, an online news and information service for the UK’s commercial and consumer credit industry. There are 41 finalists for 11 awards; the awards are independently judged. The ceremony will be on 13 December in London.

On AdviceRobo
Founded in 2013, AdviceRobo is a European leader in robo advice solutions and artificial intelligent scoring for next generation financial institutions. By applying new data and machine learning it supports lending to Millennials & SMEs. It offers easy-to-integrate white label solutions for its customers. AdviceRobo works with a team of highly educated specialists in finance, artificial intelligence, behavioural science and software development from its offices in London and Amsterdam. The company received numerous awards for its technology and vision, and is one of the 8 Dutch companies in the European Fintech 100. AdviceRobo is proud member of Level39.

Contact
Rosali Steenkamer
Rosali@advicerobo.com / + 00 31 6 52 636 131 / www.advicerobo.com