Channel Digital Technologies welcomed the first members of its founding technology team this month, as part of a structured build-out of product offerings. Thomas Wall, Iliyan Yankov, Sam Haim, Alex Dembo and Nikolay Stanchev have joined to help us deliver Channel Digital’s mission: To enable data-driven lending for our partners and investors to the support the financial well-being of SMEs.
Channel Digital Technologies will be combining cutting edge cloud-native technology including AI and Machine Learning, to deliver a green field technology platform to help Channel Digital to plug the funding gap for SMEs fast.
Kristian Wilson, Chief Technology Officer, commented “We are proud to have attracted top technical talent from across the UK, as part of our first wave of expansion.
SMEs are the backbone of the global economy. There are 24 million SMEs in Europe providing 85% of the employment and generating 60% of the GDP, yet 1/3 of SMEs cannot obtain the finance they need to grow.
With government backed support for SMEs being scaled back, the demand for fair, fast, flexible finance for SMEs is growing. Busy business owners expect consumer-grade experiences, with completely digital application, onboarding, account management, and the money in their account the same day. This is something the SME lending industry has failed to deliver consistently.
The intelligent application of technology to deliver the digital experiences customers expect, along with leveraging the wealth of alternative data now available, will help Channel Digital deliver rapid decisioning, underwriting and onboarding for SMEs. This will transform the experience of business owners, accelerating the whole process of raising capital when required, and allowing business owners to quickly re-focus on the key task of running their company’s”.