Credit Benchmark
 | |
| Company type | Private |
|---|---|
| Industry | Financial |
| Founded | 2012 |
| Founder | Mark Faulkner, Donal Smith |
| Headquarters | London, UK, London , United Kingdom |
Number of locations | 2 offices in 2 countries [1] |
Area served | Europe, Asia, US |
Key people | Donal Smith, Mark Faulkner, David Carruthers, Mahim Mehra, Harry Chopra, Joshua Jian, Thomas Aubrey[2] |
| Website | creditbenchmark.com |
Credit Benchmark is a privately owned financial data company head-quartered in London, UK with offices in New York City. The company uses a contributed data model to pool credit risk estimates from global banks, which it uses to develop consensus credit views.[3]
Credit Benchmark was selected in the 2015 Fintech50 awards[4] [5]
History
Credit Benchmark was established in 2012 by Mark Faulkner, founder of Data Explorers and the author of the Guide to Securities Lending Markets,[6] and Donal Smith, formerly CEO of Data Explorers which sold to Markit in 2012.[7]
Donal Smith took over as CEO from Elly Hardwick in January 2016. Elly Hardwick's previous roles included Morgan Stanley and Thomson Reuters.[8]
Credit Benchmark completed a $7m Series A funding round in July 2014, led by Index Ventures[9] and a $20m Series B funding round in July 2015, led by Balderton Capital.
Services and products
Credit Benchmark collects various risk metrics, including probability of default (PD) and loss given default (LGD) from contributing Internal Ratings-Based Approach (IRB) banks. The company pools this information to provide clients with consensus credit risk data and analytics for: sovereigns, corporates, banks and non-bank financial institutions.
References
- ^ "Office Locations".
- ^ http://creditbenchmark.com/team
- ^ "London's tech firms raise record $1bn of venture capital investment". City AM. 2014-10-06. Retrieved 2015-04-24.
- ^ "The FinTech50 2015". The Fintech50. January 2015.
- ^ "The FinTech50 2015". TechCityInsider. 2015-01-30. Retrieved 2015-04-24.
- ^ Faulkner, Mark. An Introduction to Securities Lending. London, UK: SpitalFields Advisors.
- ^ "Markit buys Data Explorers". Financial Times. 2012-04-02. Retrieved 2015-04-24.
- ^ "How Credit Benchmark Is Disrupting Rating Agencies". Bloomberg. 2014-08-29. Retrieved 2015-04-24.
- ^ "Index Leads $7m Round in Banking Benchmark Startup Credit Benchmark". Techcrunch. 2014-07-09. Retrieved 2015-04-24.