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Equiniti Riskfactor launches risk management SaaS model for US receivables finance market

Tue 19 May 2020

Equiniti Riskfactor are pleased to announce the launch of a new cloud-hosted SaaS model for the US market.

  • EQ Riskfactor launches its first cloud-hosted SaaS product in the U.S.
  • The new SaaS model enables lenders to implement the software seamlessly with no need for costly IT infrastructure, leading to rapid deployment and return on investment
  • The SaaS model is an extension of EQ Riskfactor and is specifically designed to meet the growing demand from the large U.S. factoring and receivables finance market

Equiniti Riskfactor, part of Equiniti Group plc, an international technology-led services and payments specialist, is pleased to announce the launch of a new cloud-hosted SaaS model of its existing EQ Riskfactor product for the US market.

EQ Riskfactor’s established risk management technology uses automation to identify potential frauds using advanced analytics which highlight unusual activity, so that lenders can investigate and reduce risk. The technology also helps lenders to eliminate manual processes saving time and money.

The new SaaS, cloud-hosted version was developed to service the large US commercial finance market. Deployment of the product will now be streamlined, eliminating the need for costly IT infrastructure, time-consuming implementation and on-going technical support. This will therefore bring the benefits of EQ Riskfactor to a far wider customer base.

The new SaaS product is available for US lenders and is compatible with all major operating platforms in the US. It offers customers improved support, easier access to upgrades and increased connectivity across the industry.

The SaaS model is easily deployed through the cloud and new customers will be able to use the system within days, ensuring they can quickly access the latest risk metrics. Before a new customer goes live, experts from EQ Riskfactor will conduct rigorous training and ensure that they are supported throughout the implementation period.

Aaron Hughes, Managing Director at EQ Riskfactor commented:

Offering a cloud delivery method opens up our solution to all receivables lenders in the US. This is an exciting time for the business and our new product will scale our offering to a much wider market and offer a more streamlined and cost-effective customer experience.

Risk management is a critical process for companies in the factoring and receivables industry and by offering EQ Riskfactor as a cloud-hosted, SaaS model we will streamline the service for customers. This will result in time and cost savings while maintaining the exemplary standards we pride ourselves on delivering.

I look forward to seeing new customers benefit from our unique combination of expertise and proven risk management software which pulls together global best practice.”