AI, risk & reality: Inside modern lending decisions

<p>In this episode of the London Fintech Podcast, Tony Clark speaks with Christoph Rieche, CEO and Co-Founder of iwoca, about his transition from Goldman Sachs to building one of Europe’s leading SME lending platforms.</p><p>“More than 80% of our customers receive instant credit decisions… and can draw funding the same day.”</p><p>That capability sits at the heart of iwoca’s proposition — transforming SME lending from a slow, uncertain process into something fast, data-driven, and accessible. </p><p>Christoph explains how API integrations and real-time data sharing allow businesses to move from application to funding in record time, unlocking opportunities that would otherwise be lost.</p><p>Christoph shares how a desire to “build something with my own hands” led him into entrepreneurship, and how iwoca has grown into a data-driven lender helping small businesses access fast, flexible financing. From the early days to scaling through uncertainty, he reflects on the “roller coaster” of building a fintech business with real-world impact.</p><p>The conversation dives deep into how AI and data science are transforming credit decisioning, enabling faster and more accurate lending decisions for underserved SMEs. </p><p>Christoph explains iwoca's hybrid approach, combining machine learning with human judgment, and why this balance is critical in modern lending.</p><p>They also explore the rise of embedded finance and API-driven lending, and how partnerships are reshaping distribution across digital platforms. With insights into post-pandemic market dynamics, geopolitical pressures, and funding strategies, this episode offers a comprehensive view of where SME financing is heading.</p><p>Whether you’re a fintech founder, investor, or operator, this is a practical and insightful look at scaling a lending business in today’s environment.</p><p><strong>📌 Topics covered:</strong></p><p>• Christoph's journey from banking to fintech founder</p><p>• Building iwoca and scaling an SME lending platform</p><p>• AI and data science in credit decisioning• Embedded finance and API-led distribution models</p><p>• Navigating COVID-19 and macroeconomic challenges</p><p>• Growth strategies for SME lenders</p><p>• The role of partnerships in fintech ecosystems</p><p><strong>🔗 Learn more:</strong></p><p>Tony Clark: <a href="https://www.linkedin.com/in/tclark100/" target="_blank" rel="ugc noopener noreferrer">https://www.linkedin.com/in/tclark100/</a>Christoph Rieche: <a href="https: