A new development centre in Glasgow, creating 37 data science
jobs is being set up by B2B payment decisions start-up Previse.
Supported by a £800k R&D grant from
Scottish Enterprise, this is the London-based company's first
office in Scotland, from where it plans to start rolling out its
first instant-payments programme with a number of blue chip
multinational buyers.
Previse's technology uses artificial intelligence to enable
large businesses to pay their suppliers the day they receive an
invoice. Using hundreds of millions of data points, it creates an
independent score of a multinational buyer's likelihood to pay an
invoice.
David Brown, Previse's co-founder (pictured) said: "Glasgow has
become a thriving centre of UK financial technology, making it an
ideal place for us.
"Late invoice payments is a global problem. Failing to pay on
time for goods and services drives up the cost of business for SME
suppliers which, in the end, will feed through into purchasing
costs for buyers.
"We are looking forward to further strengthening our ties to the
Scottish business community as well as Scottish academia, through
our work with The Data Lab, and with the support of Scottish
Enterprise."