I am immensely proud to unveil our new preferred vendor partnership with the International Factoring Association. As well as detecting fraud, the software will help factors to improve the overall efficiency of their business and ensure for the first time that they have access to real time information, helping to minimise losses across the portfolio."
“Our teams can rapidly implement EQ Riskfactor for international clients, allowing them to quickly spot fraud and reduce risk across their portfolio. EQ Riskfactor will also help generate operational efficiencies and streamline many risk management processes, saving factors money. I look forward to working closely with the International Factoring Association over the coming months.”
“I am delighted to announce EQ Riskfactor as our new preferred vendor. IFA members that currently use their product indicated that the company is easy to work with and the product has been helpful with their portfolio. The exclusive offer of ‘free hosting’ for our members will help to make this product more affordable.”
About EQ (Equiniti)
EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech.
EQ is working to become a business with a stronger purpose. A business whose success is based on a broader range of measures than just generating profit. Its aim is to care for every customer and to make its services accessible for everyone, delivered with less of an impact on the environment.
It is the UK’s leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes. EQ’s services, which are delivered by over 5,000 employees, benefit 36 million people in the UK and 120 countries around the world.
EQ is listed on the London Stock Exchange as Equiniti Group plc.
EQ Riskfactor is the leading provider of risk management and fraud analytics software and consulting for the global commercial finance market including factoring organisations, banks and alternative lenders. In the UK, over 90% of the receivables finance market use EQ Riskfactor’s products.
About the International Factoring Association
Headquartered in Avila Beach, California with over 450 corporate members, the International Factoring Association is the largest association of commercial finance companies in the world. Members include factoring companies, asset-based lenders and other receivables finance companies.
Since 1999, the International Factoring Association has provided a forum for member organisations to meet and discuss issues and concerns, share best practices, disseminate information and promote a single voice to the marketplace. The principal spokesperson for the factoring and receivables finance industry is the International Factoring Association’s Bert Goldberg. For more information visit www.factoring.org.