EValue
{{Short description|Software companies of the United Kingdom}}
{{Distinguish|E-values|Evalue people|Expected value|text=the statistical concept E-values or Evalue people or Expected value}}
{{Use dmy dates|date=October 2019}}
{{Infobox company
| name = EV
| logo = File:EV_Logo_2021.png
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| type = Private limited company
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| foundation = 2011
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| location = Newbury, Berkshire, England ((head office)), London (small office)
| locations =
| area_served = United Kingdom
| key_people = Ashok Gupta (Chairman)
Michael Holland(Director)
| industry = Fintech
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| num_employees = 100 (Approx.) (2021)
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| homepage = {{URL|https://www.ev.uk/}}
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EV is a technology company based in the United Kingdom providing digital, personal finance advice with products that combine actuarial knowledge, asset modelling and risk management. The company maintains its head office in Benyon House, Newbury Business Park, Berkshire, with a smaller office in London.{{Citation needed|date=December 2019}}
History
In February 2021, EValue rebranded{{Cite web|url=https://blog.ev.uk/10-years-and-beyond|title=Celebrating 10 years in the EV journey: the events that shaped the Financial Services industry|website=blog.ev.uk}} to become known just as EV.
In October of 2020, former FE Director of Sales and Business Development, Gary Wheeler joined EValue{{Cite web|title=EV Bolsters Senior Management with Former FE Hire and Restructure|url=https://blog.ev.uk/ev-bolsters-senior-management-with-former-fe-hire-and-restructure|access-date=2021-02-08|website=blog.ev.uk|language=en}} as Chief Commercial Officer (CCO).
In May 2017, EValue appointed Paul McNamara as chief executive, replacing Mark Cappell.{{Cite news|url=https://www.finextra.com/pressarticle/69075/evalue-appoints-paul-mcnamara-as-chief-executive|title=EValue appoints Paul McNamara as chief executive|access-date=2018-09-21|language=en-US}} Paul McNamara was previously Group Chief Executive of IFG Group plc and, prior to his role with IFG, he worked in senior leadership roles for McKinsey, AXA, HBOS, Standard Life and Barclays.{{Cite web|url=https://www.ftadviser.com/your-industry/2017/05/02/evalue-names-new-chief-executive|title=EValue names new chief executive|last=Fantato|first=Damian|date=May 2, 2017|website=Financial Times Adviser}}{{Cite news|url=http://citywire.co.uk/new-model-adviser/news/evalue-appoints-ex-james-hay-parent-head-as-chief/a1012591?section=new-model-adviser|title=EValue appoints ex-James Hay parent head as chief|work=Citywire|access-date=2018-09-21|language=en}} Paul holds an MBA from CASS Business School/City University in London, where he currently serves as a member of the MBA Advisory Board. He is a member of the Trustee Board of Addison's Disease Self Help Group, a Freeman of the City of London and a Liveryman of the Actuaries Company.{{Cite web|url=https://fintech.global/globalwealthtechsummit/speaker/paul-mcnamara/|title=Paul McNamara Biography}}
On receiving the position, McNamara said "EValue has a dynamic team and is poised to lead in the emerging market for robo-advice and artificial intelligence solutions."{{Cite news|url=https://www.europeanceo.com/finance/evalue-embraces-robo-advice-with-new-ceo/|title=EValue embraces robo-advice with new CEO|access-date=2018-09-21|language=en-US}}
In April 2018, EValue was part of Empire FinTech Week in New York City.{{Cite news|url=https://www.finextra.com/pressarticle/72903/dit-to-take-15-fintech-firms-on-trade-mission-to-new-york|title=DIT to take 15 fintech firms on trade mission to New York|last=Finextra|date=2018-03-06|work=Finextra Research|access-date=2018-09-21|language=en}}
Products and technology
The company's flagship products is their Insight Asset Model, a stochastic model for financial forecasting and asset allocation.{{Cite news|url=https://www.ev.uk/our-solutions/insight-service/|title=Insight Service - EValue|work=EValue|access-date=2018-09-21|language=en-GB}} The company also provides an API to their technology.{{Cite news|url=https://dailyfintech.com/2018/05/29/evalue-apis-sophistication-in-the-back-end-for-financial-planning-advice/|title=Evalue APIs: Sophistication in the back end for financial planning & advice|date=2018-05-29|work=Daily Fintech|access-date=2018-09-21|language=en-US}}
The Chief Executive highlighted a key focus for the company was to use technology to help bridge the widening financial advice gap.{{Cite news|url=https://financialit.net/blog/using-technology-help-bridge-widening-financial-advice-gap|title=Using technology to help bridge the widening financial advice gap|date=2019-04-11|work=Financial IT|access-date=2019-04-11|language=en-US}}
In September 2018, EValue launched Fin, a gamified digital assistant to help consumers explore their pension drawdown choices, and thus understand how long their income might last in retirement.{{Cite news|url=http://citywire.co.uk/new-model-adviser/news/tpas-partners-with-evalue-for-pension-guidance-bot/a1153633|title=TPAS partners with EValue for pension guidance bot|work=Citywire|access-date=2018-09-21|language=en}}
In early 2019, EValue launched a robo-advice service for advisers aimed at clients approaching their retirement.{{Cite news|url=https://www.ftadviser.com/pensions/2019/03/07/evalue-launches-retirement-robo-adviser|title=EValue launches retirement robo-adviser|work=FTAdviser|access-date=2019-04-11|language=en}}
Recognition and awards
In 2018, EValue was awarded bronze in UK Employee Experience Awards in the category of Employee Engagement – Values & Strategy.{{Cite web|url=https://e-x-a.co.uk/winners-2018|title=UK Employee Experience Awards 2018 - Winners 2018|website=e-x-a.co.uk|language=en|access-date=2018-09-21}}
In 2019, EValue was listed in the WealthTech100 as one of the 100 most innovative companies globally by Fintech Global.{{Cite web|url=https://twitter.com/Fintech_Global/status/1115985787521327104|title=UK-based financial planning platform EValue has been listed in the WealthTech 100|website=|language=en|access-date=2019-04-10}}
References
{{Reflist}}
External links
- [https://www.ev.uk/ EValue website]
- [https://beta.companieshouse.gov.uk/company/07382500 EValue] listing at Companies House
Category:Financial services companies established in 2010
Category:Companies based in Newbury, Berkshire