The Software Development team at Equiniti Riskfactor have improved the functionality and scope of EQ Riskfactor to provide an enhanced product offering for customers. The additional functionality will improve customer experience and lead to business efficiency.
User provisioning for added security
The new user provisioning allows for a particular type of user to be set up whose sole purpose is to administer EQ Riskfactor users and user roles. Provisioning users are unable to view any sensitive EQ Riskfactor data, completely separating the administrator and user functions for added security.
Utilisation measures now show 30, 60 and 90 days
EQ Riskfactor historically displayed a daily net utilisation measure by calculating the Commitment as a percentage of the sum of the Commitment and the Availability Amount (Net). The Net Utilisation % indicates the extent to which the Client is cash hungry. The new release now displays Net Utilisation as 30, 60 and 90 day measures, showing how this measure has trended over time.
The new Web API enables EQ Riskfactor customers to integrate their own applications with EQ Riskfactor data via an easy to use RESTful interface. This standardises access to a range of data in the EQ Riskfactor application and allows customers to interrogate the EQ Riskfactor database to create their own bespoke reports.
Aaron Hughes, Managing Director at Equiniti Riskfactor comments on the new releases:
‘I am delighted with the progress we are making in advancing the capability of the application. Further releases of additional functionality this year will be strong evidence of our vision to support lenders in three key areas - risk management, operational efficiency and customer experience. Equiniti Riskfactor is committed to supporting commercial finance lenders globally.”