We have broad experience of the application of new and complex technology platforms in financial services and other industries: we have implemented large-scale systems (front, middle and back office applications) to support retail banking products (loans and cards), funds and trading desks.

We have also used and assessed a wide range of software applications in trading and portfolio management and collaborated with Imperial College, London to develop sophisticated risk management tools.

We understand how digital technology can be used to modernise a business through improvements in market penetration and enhanced customer experience using online and mobile platforms.

Financial services is a data intensive industry and we have implemented systems to acquire, sort and analyse real time information to price and execute transactions. We collaborated with MarkIt to pioneer the use of red data to price credit derivatives.

We are familiar with machine learning algorithms and understand how this technology can transform business models, through data integration, enhanced decision making and personalized product delivery.

Accordingly, we are well placed to advise rapidly growing firms whose business model depends on deployment of new technology.

Promethion has advised a number of businesses applying digital technology to create a lean business model and channel services to a broader clientbase: Fintech, Edtech, Insuretech. This track record places us at the cutting edge of financial services.

• Advised a major peer-to-peer lender utilizing the “crowd” and institutional funding on credit processes, risk, portfolio management and integration of new technology to improve productivity:

• Automating and augmenting business credit decision-making
• Predicting defaults with greater accuracy
• Comparing in-house SME rating methodology and S&P/Moody’s approaches for SME loan portfolios to facilitate mapping
• Introduced improved controls in the firm’s key processes: credit, risk and portfolio management
• Integrated new AI technology using an application to automate acquisition and sifting of client financial data to consolidate accounting information and generate consistent reports
• Evaluated workflow tools.

• Advised an international MBA loan provider on a secured, limited recourse note issuance programme and how this flexible funding would fit with the treasury requirements arising from its centralized online application process with a lending book of nearly 10,000 borrowers of 150 eligible nationalities in €, £ and $ and no prepayment penalties.
• Advised on a £30 million initial capital raise for a telematics insurance company using cutting edge technology, including a mobile app to facilitate accurate reporting of accidents, which improved the loss ratio by transferring real time data from the customer’s phone to the claims management centre.
• Advised a cyber insurance company on options for a £4m initial capital raise. The firm applied advanced data analytics and machine learning algorithms and offered a new approach to analyzing and tackling cyber risk in the global insurance market.
• Established the Logistics Guild in 2014 to provide training and create tailored benefits packages to reward and retain employees in the logistics industry.
• Created the benefits offering for employers and arranged insurance packages with a leading UK insurance broker.
• Established an online bank for the logistics industry including feasibility study, creation of the financial model, negotiation with the PRA/FCA to achieve authorisation, attracting UK government grant funding, endowments and private sector equity capital. The project provided a solution to the sector's need to increase funding available for up-skilling the workforce in an environment of funding constraints.