Equiniti Riskfactor expands into Canadian market by signing deal with new client Baron Finance

 Equiniti Riskfactor expands into Canadian market by signing deal with new client Baron Finance
17.04.2018 10:38 am

Equiniti Riskfactor expands into Canadian market by signing deal with new client Baron Finance

Risk Management

The contract will see Equiniti Riskfactor provide its specialist risk management software to the Canadian asset-based lending market for the first time

Equiniti Riskfactor is pleased to announce its first Canadian client, Baron Finance, a financial services provider specialising in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding.

Ontario-headquartered Baron Finance has been providing these services to hundreds of small to medium sized businesses in Canada since 1992, helping them to become financially stable.

The deal will see Equiniti Riskfactor provide Baron Finance with its flagship risk management and analytics software and marks its first involvement in the Canadian market as part of its continued international strategy in looking for opportunities across the world to implement its specialist risk management products.

The software, EQ Riskfactor, has been built for the invoice finance market and uses unique risk algorithms to highlight deteriorating profiles and unusual client activity enabling lenders to identify fraudulent activity earlier than any other system.

Aaron HughesManaging Director at Equiniti Riskfactor, comments:

“We are very excited to have launched Equiniti Riskfactor in Canada and are looking forward to working with Baron Finance over the coming months and years. Our technology will enable Baron Finance to protect their business from fraud by providing an in-depth understanding of the risk across their portfolio and identify, earlier than before, any signs of atypical, and potentially fraudulent, behaviour.

“Our software allows lenders to take a risk-based approach when allocating resource and ultimately improves the overall efficiency of the business. I am delighted to welcome Baron Finance on board and supporting their business in its next growth phase.”

Related News

Sageworks announces the launch of Sageworks Insights for better risk analysis and decision-making

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions,... Read more »

Assured Clarity Expands Team of Certified GDPR Practitioners Across Europe

Assured Clarity, the Risk Management and Data Protection company, today announced that it has expanded its team of... Read more »

Baker Hill Expands Client Base Since Launch of Baker Hill NextGen®, Moves to New Office to Support Company’s Future Technology Developments

Baker Hill, a leading provider of technology solutions for common loan origination, relationship management, business... Read more »

RiskFirst: Nearly a third of US pension plans are now within striking distance of a buyout

Latest figures from RiskFirst reveal that approximately 30% of US pension plans may now have a funded status of 95% or more, making a buyout or... Read more »

UAE-based RAKBANK Partners with Kamakura Solutions for Balance Sheet Management and Funds Transfer Pricing

Kamakura Corporation reported today that UAE-based RAKBANK has signed an agreement to implement Kamakura's solutions for its balance sheet management and funds transfer pricing... Read more »

Nearly a third of US pension plans are now within striking distance of a buyout, says RiskFirst analysis

30% of US plans analyzed by fintech company RiskFirst have assets equal to or exceeding 95% of their liabilities on an accounting basis, according to RiskFirst data. Analysis... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App