P2P online invoice finance marketplace MarketInvoice has named Shaun Alexander its head of risk. He works directly with cofounder and COO Ilya Kondrashov and lead the company’s risk process automation and accuracy.
Mr. Alexander brings more than three decades of banking experience to the role. He started at Barclays in 1984, progressing through various credit risk roles responsible for the development and lending strategy and policy for corporate and SME portfolios worth up to £90 billion.
After 22 years Mr. Alexander moved on to Oliver Wyman as head of credit where he established the credit underwriting function for a new UK SME lending business in partnership with Deutsche Bank. From there he moved to Banco Santander as head of risk for asset-based lending.
Technology is a key efficiency driver, Mr. Alexander said.
“For too long, as I have witnessed first-hand, the status quo in risk management has gone unchallenged. Much more can be done with the available technology to drive and enhance the quality and speed of risk decisions for UK businesses. MarketInvoice is not only challenging but driving the change in fintech to deliver a best-in-class risk function in business finance. I will look to adopt the latest technology in evolving our risk models and credit management to achieve MarketInvoice’s ambitions.”