EQ Riskfactor, a global provider of risk management software for the commercial finance market (part of Equiniti Group), unveil its new partnership with Solifi. A global fintech software partner, Solifi provides market-leading, mission-critical software-as-a-service (SaaS) solutions built on an open finance platform for the secured finance industry, and is the most widely used and trusted asset-based lending (ABL) and factoring software in the U.S. commercial finance industry.
Through this strategic partnership and innovative new interface, EQ Riskfactor and Solifi now offer ABL customers a direct line of sight into collateral risk and performance in real-time – something not previously available in the market. The integrated risk-management platforms provide lenders enhanced solutions that effectively manage risk, detect and prevent fraud proactively, and identify actionable insights to make meaningful business decisions.
The strategic partnership will see EQ Riskfactor develop its flagship risk management and analytics software into the growing US secured finance market, as part of its continued international growth strategy.
EQ Riskfactor was designed for the ABL and receivables finance market and uses unique risk analytics to highlight deteriorating client profiles and unusual activity.
Aaron Hughes, CEO at EQ Riskfactor, comments:
“We are very excited about our new partnership with Solifi. Their unrivalled reputation in the secured finance market alongside our joint expertise ensures a brilliant foundation from which we can grow our business in the U.S. There are many synergies and we look forward to exploring and realising the opportunity and potential this partnership brings.
EQ Riskfactor will offer Solifi clients a powerful and revolutionary mix of workflow technology and next level risk analytics which will elevate their risk management systems and boost their defences against fraud.”
Bill Noel, Chief Product Officer (CPO) of Solifi, comments:
“We are thrilled that our new strategic partnership with EQ Riskfactor will bring increased value to our customers. EQ Riskfactor’s advanced risk-management technology and solid reputation within the industry represents a key opportunity to support our customers globally. We share a common vision and commitment in providing market-leading technology that allows our customers to grow with confidence. Solifi’s commitment to research and development ensures that we partner with the best technology providers to help our customers remain ahead of the curve and to futureproof their businesses for decades to come.”