Precise Prediction AS, a company based in Norway offering advanced data analytics and machine learning credit scoring solutions, is pleased to announce the establishment of a UK subsidiary, Precise Prediction UK Limited.
Peter Volwerk, board member of Precise Prediction Holding AS said about the UK market, “We have evaluated the UK credit scoring market and see significant opportunities to introduce our next generation credit scoring software and techniques to help UK consumer lenders lend more predictably, more securely and more profitably. Our history of success in the Nordic market provides justification that our techniques and software solutions are best in class, producing a real ROI in a matter of weeks with further benefit being derived over time, to generate in some cases as much as a 35% improvement in overall loan portfolio performance”.
Leading the new UK business, which is based in the Fintech hub at Level 39, Canary Wharf, is Christer Ekqvist. Christer has been with Precise Prediction AS since 2012 and has been instrumental in the development of the Nordic business. Commenting on the appointment Peter Volwerk said, “We are delighted to promote Christer to the key appointment of managing director of our UK business. His experience, knowledge and skills will help drive our business forward providing prospective clients with real practical insight as to the results they can expect to see. The commitment we are making to the UK market will see further appointment news follow in due course”.
“The credit scoring market is our single focus, we have solutions that are tried, tested and proven; whilst we may be considered a fintech firm, we are business that is well established, privately funded and here for the long term”.