Finexos, the next-generation credit risk and analytics platform, has appointed international financial services leader Zitah McMillan as CEO.
London-based Finexos combines advanced AI, behavioural analytics and real-time data to reduce risk, costs and default rates for lenders, borrowers and society. McMillan’s considerable experience across financial services, financial regulation and scaling fintech businesses will combine to lead Finexos in its next phase of growth.
With over 15 years holding C-Suite, Executive Board and Non-Executive Board positions at high-profile financial services organisations, McMillan is an expert in business strategy and performance. She currently sits as a Board Trustee at the Money Advice Trust, is formerly a Non-Executive Director at ZOPA P2P and was previously on the Executive of the FCA.
On her appointment, McMillan said, “I’m delighted to be joining Finexos at this point in its growth, it brings all the aspects of my career together. The credit services ecosystem is a vital part of the economy and one that has to operate effectively for the benefit of all participants. The vision of Finexos, delivered by focusing on supporting and enabling lenders to make the right decisions for their businesses, enabling economic growth and sustainable access to credit for borrowers is incredibly motivating and powerful.”
Award-winning Finexos’ state-of-the-art AI-powered risk engine and data science platform enhances credit decisioning and monitoring by significantly increasing the accuracy of suitability and affordability calculations for banks and lenders. The mutually beneficial system reduces risk and costs for credit providers, unlocks untapped markets, promotes financial inclusion and regulatory compliance, and enables better APR rates and outcomes for consumers and SMEs. The company is part of the FCA’s Innovation Pathways and Permanent Digital Sandbox.
Finexos Chairman, Steven Bone, commented, “We are absolutely delighted to welcome Zitah to the helm of Finexos. Her extensive experience aligns perfectly with the company’s next stage of expansion. From intricate knowledge of successfully scaling fintechs and the importance of firms proactively complying with the Consumer Duty to enabling financial inclusion to the benefit of consumers, SMEs and the economy, we are excited to work with Zitah to realise the full potential of Finexos in helping enable lenders to make better decisions that deliver better outcomes for all stakeholders.”