Funding Xchange Founder recognised in Women in Credit Awards for FXE Technologies’ Portfolio Monitoring Solution
Co-Founder and CEO of Funding Xchange, Katrin Herrling has been recognised as a winner in the Innovator of the Year category at the prestigious Women in Credit Awards, for her contribution as a world leading innovator in the development of the Portfolio Management platform through FXE Technologies platforms.
The FXE Portfolio Monitoring solution was developed in collaboration with clients to provide live insights into the performance of a funder's lending portfolio. The solution uses background data - including trading performance, cash management and performance of third-party debt - to provide more accurate and earlier warning signals as well as detailed profiles for each business.
Already being used by several lenders, through the Portfolio Monitoring tool Katrin Herrling has pioneered the move for lenders to work with businesses through their lifecycle and in doing so address the obligations on them to adhere to responsible lending standards set out by the Financial Conduct Authority.
Commenting on the award, Katrin Herrling said, "The accolade is for our amazing team that is transforming credit assessment with a clear vision for delivering better outcomes for businesses and lenders. Fantastic to see that such a prestigious award is recognising the impact our team has. We are grateful for the trust the Banking Competition Remedies Ltd (BCR) placed in us and supporting our journey. It would not have been possible without the grant funding."
Aidene Walsh, Executive Director at Banking Competition Remedies Ltd added, “We are delighted to see how Funding Xchange has utilised the Capability & Innovation Funds through the development of its Portfolio Monitoring platform which continues to build significant traction with businesses and lenders and has made significant impact for UK SMEs through unprecedented challenges. We are delighted for Katrin and the team in being recognised for its vision through the Women in Credit awards.”