kennek

📉 The Bank of England cut interest rates for the first time from 5.25% to 5% last Thursday, in a closely-run decision, marking the first cut since the start of the pandemic in March 2020. This move aims to stimulate economic growth as inflationary pressures ease, signalling a potential shift in the UK’s financial landscape 💼 For lenders navigating these changes, kennek’s lending software offers a strategic advantage. As interest rates fluctuate, our platform provides the tools you need to manage their impacts and adapt to new market conditions seamlessly (a.o. automatic update of interest rate, loan schedule, borrower statement, payment schedule) 🚀 With the BoE’s revised growth forecasts and an improved economic outlook, there are fresh opportunities on the horizon. With kennek to support your business by enabling efficient loan management, we help you capitalise on favourable conditions and stay ahead in a swiftly changing market #Privatedebt #InterestRates #EconomicGrowth

🎉 Exciting News! Welcome, Nino Annighoefer! 🎉 We're happy to announce that Nino is joining us as our new Senior Frontend Engineer. With an impressive track record of over 6 years at IMMO, where he excelled as a Lead Software Engineer, Nino brings a wealth of experience and a fresh perspective to kennek. We're confident that his technical expertise and innovative mindset will be invaluable as we continue to grow and innovate. 😀 Fun Fact: Nino is currently learning how to become a flying trapeze artist! ✨ Join us in welcoming Nino to the team! #kennek #team #engineering #fintech

🤼 Is private credit getting too crowded? With over a trillion dollars added since 2018, it’s a valid question. 🔎 However, Goldman Sachs doesn’t see signs of a downturn. Private credit is filling a gap left by banks, and its market share is growing. 💸 Offering higher yields and lower volatility, the sector is expected to grow by another trillion by 2027. 👨🔬 At kennek, we see this growth driving demand for better operational tools for lenders. Our solutions ensure efficiency and success in this evolving landscape. #Privatedebt #PrivateLending #GoldmanSachs

🔥 We’re happy to welcome Michael Fairhurst to the kennek team! Michael joins as Regional Sales Director with over 10 years of sales experience in the fintech world, working with 100’s of lenders and other fintech companies. His strong background and expertise adds significant value to kennek’s goal of making lenders’ lives easier. 😀 Fun fact: Michael is a Tolkien geek. He reads all of the legendarium in his early teenage years, & is happy to talk all things 1st, 2nd, & 3rd age of that world. He's still an avid consumer of all things JRR related to this day! 👏 Please join us in welcoming Michael to the team! #kennek #privatedebt #lending #team

👐 Welcome Guy Walwyn! We're delighted to announce our new intern as part of the kennek team! He joins us until September and will be working primarily on the marketing aspects of the company. Guy has ambitions to work in the fintech world and is keen to make a positive impact this summer. 👀 Fun fact: Guy is trilingual in French and German and tries to read one book per week! #fintech #privatedebt #lending

🏆 IT’S COMING HOME! 🌟 Ollie Watkins, Player of the Match, leading the charge for #England in the #Euros 2024! 🚀 At kennek, we draw inspiration from these stellar performances to fuel our own goal of making lenders’ lives easier 🧠 What is the lesson that we can learn from his performance last night? Last night shows how newcomers can disrupt an industry fast! Just like Ollie and the England team are setting new benchmarks, we're shaking up the lending space by providing the software that facilitates the financial superstars fuelling the real economy. Well done, Ollie! #privatelending #digitalisation #disruptive

What do lenders and Lewis Hamilton have in common? (This one will surprise you!) 🏆 Lewis Hamilton clinched victory at Silverstone this weekend in a tumultuous race 🔧 He thanked his team and took his lead engineer “Bono” onto centre stage with him 💻 What he did not say, is that his car, like all the F1 cars, is powered by the same technology provided by McLaren 📚 The facts: In 2006, the FIA understood that all F1 teams needed excellent technology to race but recognised that the costs of competing became unsustainable for most teams So they put out a tender for a standard set of electronics for F1 cars McLaren won the tender and now provide the technology for ALL F1 teams 🧠 Lessons: 🏎️ F1 teams know that good technology is critical for performance but it is not differentiating. What makes them unique is their brand, team and risk appetite. 💰 The same can be said of lenders. Excellent lending technology is crucial for scalability, cost-efficiency, risk-management and investor reporting. But it is not differentiating. 𝐓𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐭𝐨𝐫 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐥𝐞𝐧𝐝𝐞𝐫𝐬, 𝐥𝐢𝐤𝐞 𝐅1 𝐭𝐞𝐚𝐦𝐬, 𝐢𝐬 𝐭𝐡𝐞𝐢𝐫 𝐛𝐫𝐚𝐧𝐝, 𝐭𝐞𝐚𝐦 𝐚𝐧𝐝 𝐫𝐢𝐬𝐤 𝐚𝐩𝐩𝐞𝐭𝐢𝐭𝐞. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐰𝐡𝐲 𝐤𝐞𝐧𝐧𝐞𝐤 𝐞𝐱𝐢𝐬𝐭𝐬: 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐭𝐡𝐞 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐭𝐡𝐚𝐭 𝐞𝐧𝐚𝐛𝐥𝐞𝐬 𝐥𝐞𝐧𝐝𝐞𝐫𝐬 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐜𝐡𝐚𝐦𝐩𝐢𝐨𝐧𝐬 𝐰𝐡𝐨 𝐟𝐮𝐞𝐥 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 🙌 #privatelending #digitalisation #lendingtechnology

📊 UBS Private Credit Market Outlook confirms kennek's vision. UBS's latest outlook on private credit highlights key points despite the challenges posed by an inverted yield curve, tighter lending standards, and higher interest costs: 👍 Supportive Conditions Ahead: Above-trend growth, declining inflation, and easing monetary policy are expected to support risk assets moving forward 📈 Attractive Yields: The increase in interest rates has pushed private credit yields over 10%, offering strong potential for future returns 📉 Low Default Rates: Private credit defaults continue to stay below those of high-yield bonds and leveraged loans, indicating that experienced private debt managers are effectively managing through high rate and volatile markets 🏦 Bank Involvement: Banks have modestly reentered the funding space in 2024, with USD 13 billion moving from direct lending to the BSL market year-to-date, but the impact on private credit is minimal 🌐🚀 At kennek we help private lenders navigate these market dynamics efficiently, leveraging the latest tech tools to manage operations seamlessly #PrivateCredit #privatedebt #Fintech

Kennek is not only a rising and celebrated #fintech star but is also #hiring! Check out their #jobboard for current openings, and kudos to Edmund Parsons Yingmin Khoo for setting up this cool & comprehensive page. https://lnkd.in/expfBaXV

🔎 Fixed income appears to be the most attractive asset class for the family offices, following Roland Berger survey 📈 57% plan to increase their investments into it 🙌 Confirming the huge growth potential of private debt, which kennek aims at revolutionising with data and tech