partner , he shares his belief that ideal partnerships are strategic and not merely for financial return , noting that “ we look for companies with the technological capabilities to help us and our clients to stay relevant in the future .’’
He cites Silicon Valley-based fintech startup , Flowcast , as an example of an ideal partner . The firm specialises in smart credit decisioning through its credit analysis capabilities and machine learning-based algorithms .
“ Some of our larger wholesale clients can also benefit from these enhanced credit algorithms within their business and when these are optimised then the need for working capital , which is traditionally something that banks provide , is reduced . For us this is not a problem as we like to put the client ’ s interest above all and believe this will make them see us as a trusted partner for the future ,” Spronk notes .
Flowcast ’ s CEO Ken So is optimistic about the impact of this venture , where the technology used will make credit available to the underserved . The firm ’ s platform also allows organisations to accurately use non-traditional data sources to predict risks . So adds : “ We
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