CCR Magazine

You are here  :Home arrow News arrow Risk News arrow Equiniti Riskfactor expands into Canadian market by signing deal with new client Baron Finance
Contact Us Newsletter Signup RSS Feeds

Equiniti Riskfactor expands into Canadian market by signing deal with new client Baron Finance PDF Print E-mail
Tuesday, 17 April 2018
Equiniti Riskfactor is pleased to announce its first Canadian client, Baron Finance, a financial services provider specialising in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding.

Ontario-headquartered Baron Finance has been providing these services to hundreds of small to medium sized businesses in Canada since 1992, helping them to become financially stable.

The deal will see Equiniti Riskfactor provide Baron Finance with its flagship risk management and analytics software and marks its first involvement in the Canadian market as part of its continued international strategy in looking for opportunities across the world to implement its specialist risk management products.

The software, EQ Riskfactor, has been built for the invoice finance market and uses unique risk algorithms to highlight deteriorating profiles and unusual client activity enabling lenders to identify fraudulent activity earlier than any other system.

Aaron Hughes, Managing Director at Equiniti Riskfactor, comments: “We are very excited to have launched Equiniti Riskfactor in Canada and are looking forward to working with Baron Finance over the coming months and years. Our technology will enable Baron Finance to protect their business from fraud by providing an in-depth understanding of the risk across their portfolio and identify, earlier than before, any signs of atypical, and potentially fraudulent, behaviour.

“Our software allows lenders to take a risk-based approach when allocating resource and ultimately improves the overall efficiency of the business. I am delighted to welcome Baron Finance on board and supporting their business in its next growth phase.”

Altan Gao, Credit Manager at Baron Finance, comments: “By signing this contract with Equiniti Riskfactor, we are looking to further enhance the efficiency and capabilities of risk detection and monitoring at Baron Finance. We were impressed with Equiniti Riskfactor’s track record, the ease of implementation, and trust the software would make a tangible difference to our business by establishing greater confidence to our lending.”
 

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

Risk Sponsor

This Risk News section is currently available for sponsorship.

Please click here to contact us about our site sponsorship opportunities.

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197