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KPMG acquires a minority stake at AdviceRobo

AdviceRobo, the Dutch fintech start-up developing technology that predicts financial risk of people and companies taking out loan, has announced the acquisition of KPMG a minority stake.
The parties are aiming to widen the client pool of KPMG across the world toward stregthening clients’ current risk management. The alliance will also entitle AdviceRobo to benefit from the expertise of KPMG in the realms of risk management, regulation, data and analytics, as well as will be able to access KPMG’s global network. Diederick van Thiel, CEO of AdviceRobo explains that their software ”enables lenders to target these underserved customers and streamline their credit processes.”. He continues his words by adding that this stimulates prosperity and the economy. ”Moreover” he says, ”the software has the potential to accelerate credit processes and identify the key risk signals of existing clients. For instance, the software can identify vulnerable consumers who will be at risk of defaulting on loans in the future.”
Read the rest of the story in the press release here

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