AdviceRobo kicks off a Seedrs campaign to support its UK lending risk campaign

Today AdviceRobo, launches its Seedrs campaign. AdviceRobo is now a top 100 European Fintech award winner and a leader in innovative robo-advice solutions, artificial intelligence (AI) credit scoring and behavioural risk prevention for the lending sector.

More than ever financial service providers are faced with new, unexpected and possibly high risks. Mark Carney, the Bank of England Governor told an audience in Nottingham recently that he is willing to tolerate an inflation overshoot above the Bank’s 2% target. In addition, the Financial Times also calculated that the British government may have to pay up to £18 billion to the EU to exit the EU.

This will inevitably lead to increased costs for the British population. With 39% of Britons already living on the edge of their mortgage payments this will lead to a high financial risk for families. According to some studies families may be looking at an £500 to £1,000 extra expenses a month.

Financial service providers will have to search for better ways to predict and manage risk in their portfolio across a wider set of structured and unstructured input data.

New big data FinTech solutions might provide some support. AdviceRobo offers a psychographic predictive solution for financials in supporting their customers from staying out of default and bad debt. ‘The data explosion and the use of new technologies such as Machine Learning can help to predict risk at an individual customer level.’ says Diederick van Thiel, CEO of AdviceRobo,. ‘This will enable banks to contact the customers in time, support them to stay financially ‘fit’ and delivers a superior customer experience when the bank is actively engaged with its customers in turbulent times.”

Crowdfunding campaign
To grow its UK presence, the AdviceRobo company kicks off a crowd funding today at Seedrs. The campaign can be seen on Seedrs: https://www.seedrs.com/advicerobo.

On AdviceRobo:
Founded in 2013, AdviceRobo is a European leader in robo advice solutions and artificial intelligent scoring for next gen 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.

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