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RiskFactor for Digital Banking to be unveiled at Sibos

Fri 16 Sep 2016

RiskFactor, part of the Equiniti group, is an exhibitor (located at stand A66) at the prestigious Sibos annual financial technology conference, which takes place in Geneva on the 26-29th September 2016.

The key themes at this years’ event are structured around banking, compliance, culture and securities.

At Sibos, RiskFactor will unveil their much anticipated RegTech solution – RiskFactor for Digital Banking, which will help clients to navigate more efficiently and cost effectively in an increasingly regulated world.

In the UK RiskFactor is used by 90% of the receivables finance market and has helped clients mitigate losses using its unique fraud analytics software and risk management solutions.

The new RiskFactor for Digital Banking uses RiskFactor’s existing world class technology to help banks speed up the processing of loan applications. The new software product will reduce the bank’s cost of capital, improve their customer experience and decrease their cost of client acquisition and ongoing monitoring. RiskFactor for Digital Banking will shrink the approval time for capital loan applications from weeks to just minutes, leading to an almost instant decision for the client.

RiskFactor for Digital Banking provides banks with granular historic data to enable quicker and more consistent lending decisions. Our unique software provides a full financial and collateral history of both prospects and clients.

RiskFactor for Digital Banking removes the need for time-consuming, manual data preparation and standard processes, enabling lenders to make the right decision quickly and with confidence.

Aaron Hughes, Director at RiskFactor states:

“We are excited to be unveiling RiskFactor for Digital Banking at Sibos and are confident that it has the potential to revolutionise the way banks currently process working capital loan applications. Our unique software will improve bank’s capital efficiency and enhance the prospect and customer experience. Overall processing times will be cut from weeks to just minutes giving applicants an almost instant decision.”

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