ThinCats, an alternative lender to small and medium-sized enterprises (SMEs), has appointed Gareth Rumsey as head of data analytics.
Prior to joining ThinCats, Rumsey (pictured) spent 13 years at Experian as product director and most latterly as head of data innovation.
Rumsey, who has more than two decades of SME data analytics experience, will lead a team of data scientists to develop ThinCats’ proprietary PRISM software.
PRISM is used by ThinCats to assess and price credit risk and to create bespoke investment portfolios for its institutional investors depending on their specific risk/return appetite.
“We’re pleased to welcome Gareth to head up ThinCats’ data analytics team,” said Ravi Anand, managing director of ThinCats.
“We’re very excited about the enhancements and new features that Gareth and his team are planning to develop for PRISM, which will lead to improved funding options for mid-sized SMEs across the UK.”
“I’m delighted to be joining ThinCats at an exciting stage in its development,” Rumsey said.
“PRISM is a key tool in enabling us to connect billions of pounds of institutional capital with the mid-sized businesses that play such a key role in driving the UK economy.
“Having worked in SME data for over 20 years, I look forward to being able to support more SMEs with their funding needs.”
This follows ThinCats hiring Stefan Nubert as associate director last month.