In this episode of the Finovate Podcast, host Greg Palmer interviews Joel Blake, OBE, founder and CEO of GFA Exchange, who will also be moderating a session FinovateEurope. Joel shares his eclectic journey into the fintech space, driven by a passion for democratizing access to finance and empowering businesses to grow regardless of their differences. He discusses his background, which spans grassroots work, policy development, entrepreneurship, and technology innovation. Joel highlights the creation of GFA Exchange, a data intelligence platform that enables lenders and private capital providers to benchmark, monitor, and trade financial insights to manage risk and optimize portfolios. By focusing on SME financial health as a tradable asset class, GFA Exchange aims to disrupt the market and foster equitable inclusion.
Joel delves into his personal and professional experiences that shaped his focus on SME financing. From humble beginnings to roles in employment mentoring, diversity leadership in sports, and co-founding an SME lending firm, Joel has consistently sought to bridge gaps and create opportunities for underserved businesses. His work in SME lending led to the development of a technology-driven alternative risk model, achieving a default rate four times lower than the UK average. This success inspired him to transition into policy, where he led initiatives to deploy capital and support business growth for thousands of SMEs. Joel emphasizes the importance of leveraging diversity and inclusion as a driver for growth, not just as a moral imperative.
Looking ahead, Joel shares his vision for the future of financial services, emphasizing a human-centered approach that integrates technology and AI with principled intelligence. He predicts trends such as deeper insights from data, earlier-stage business support, and increased collaboration between corporate organizations, smaller businesses, and regulators. Joel also expresses excitement about moderating at FinovateEurope, where he looks forward to facilitating actionable insights for attendees and fostering meaningful dialogue among innovators and leaders.
More info:
GFA Exchange: https://www.gfaexchange.com/ ; https://www.linkedin.com/company/gfaexchange/
Joel Blake: https://www.linkedin.com/in/joelblakeobe/
Greg Palmer: https://www.linkedin.com/in/gregbpalmer/
Finovate: https://www.finovate.com; https://www.linkedin.com/company/finovate-conference-series/
FinovateEurope: https://informaconnect.com/finovateeurope/
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