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Credit Benchmark Named In Business Insider’s List Of 16 Hot UK Fintech Startups

Posted by on Jun, 9 2016.

Financial technology — also known as fintech — is one of the hottest areas of investment at the moment and one of the scariest developments for banks.

Many lenders are losing business to more innovative and customer-focused startups offering cheaper, quicker, online services.

London is leading the way in Europe, with two fintech startups there already reaching “unicorn” status — the coveted $1 billion (£650 million) valuation.

Credit Benchmark was listed among 16 UK fintech startups that Business Insider believed were most likely to join the unicorn status.

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Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.


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