INSTANTOR LAUNCHES EDUCATIONAL PLATFORM:
“R I S K R O L L E R S”
The Risk Rollers platform is an educations tool to augment the skill set of credit risks professions.
44% of finance professionals in Europe haven’t yet implemented machine learning techniques because they don’t understand the impact it can have on operations.
Not understanding how implementing machine learning can benefit the company’s performance has prevented 22% of finance professionals in Europe from introducing it to their processes.
Stockholm, Tuesday, June 18th. 9.00 CET. Instantor – the second fastest-growing Swedish FinTech, who makes tough calls easy within credit risk management is launching an educational platform: Risk Rollers. The platform aims to educate credit risk professionals, and the public, as part of a mission to revolutionise credit risk management.
The Risk Rollers platform is a response to the findings of a report published by Instantor during the first quarter of 2019, which revealed that 44% of finance professionals in Europe do not fully understand how machine learning can benefit company operations. Simultaneously, 22% do not know how it can reflect on the company’s performance.
“Identifying these findings prompted us to launch the educational platform to contribute to the United Nations Quality Education Goals for Sustainable Development. The Global Goals are something that both business and society should strive towards and, which, in our mission to democratise the financing system, we have been contributing to for a while.
Launching the platform is a new step towards promoting lifelong learning. Inclusive education is one of the most powerful tools to achieve The Global Goals as understanding technology and the jargon associated with it is becoming increasingly essential since technology is the biggest game-changer today,” shares Raiha Buchanan, CMO at Instantor.
Decreasing operational costs by up to 25% along with an increase in the bottom line by 27% are only two of the significant benefits that an organisation can reap from implementing machine learning in its credit risk management processes. Instantor is launching the platform to help financial institutions better understand the latest technologies changing the credit risk landscape.
“We want to unleash the opportunities being opened up by PSD2 and the implementation of machine learning techniques to support the fair treatment of consumers in the finance industry. By facilitating this platform, we can educate and empower credit risk professionals and support them to democratise the financing system,” explains Simon Edström, CEO at Instantor.
“We began our educational efforts at the beginning of the year with a series of educational seminars. The platform’s launch is the continuation of the campaign ”RiskRollers: How low you can go?” aiming to help credit risk managers to understand how they can accept more loans at less risk,” concludes Buchanan.
About Risk Rollers
Risk Rollers brings together three unpublished videos, a very comprehensive new industry glossary and two reports and webinars released previously this year. All of this on one single platform! The platform is part of the campaign Risk Rollers: How low can you go? The campaign aims to revolutionise credit risk management and democratise the financing system by educating credit risk professionals to approve more loans at less risk. Join the movement by using the hashtag #RiskRollers. www.instantor.com/riskrollers
Instantor helps organisations understand their customers’ true financial capacity. Instantor’s solutions process transactional data from bank accounts, support financial data aggregation and improve credit risk management. Instantor empowers customers to accurately predict the possibilities of defaulting – making credit risk decisions faster, easier, and fairer for all. With Instantor’s fully digitalised solutions, financial organisations can increase acceptance, reduce risk, and streamline credit risk management. Instantor has 300+ integrated banks in over 25 markets, with 200 clients in Europe, Latin America and Asia. In March 2019, the Financial Times ranked Instantor as the second fastest growing Fintech in Sweden. Instantor is the first authorised FinTech by the Financial Swedish Authority (FSA) to operate as AISP under PSD2. www.instantor.com