Equiniti Riskfactor soars with Eagle Business Credit win
Equiniti Riskfactor is flying high with a new contract to provide its risk management software to Atlanta-based factoring firm Eagle Business Credit.
The software, EQ Riskfactor, is built especially for the invoice finance and asset-based lending market and uses risk algorithms to detect and prevent fraud by identifying suspicious behaviour.
Ian Varley, CEO at Eagle Business Credit, comments: “I used EQ Riskfactor as a risk management tool for over ten years when I was at Bibby Financial Services so I know first-hand the benefits it will bring to our business. The ability to easily pinpoint potential issues before they become a major problem is critical for us to help prevent unnecessary losses.”
Eagle marks the 11th North American business for Equiniti, following the appointment of Leigh Lones to head up this area of business in July.
Equiniti says it has been looking for expansion outside the UK. This year, it got its first ever Canadian client, Baron Finance, and partnered with Efcom to sell into the German market.
Equiniti adds that its services, which are delivered by over 5,000 employees, are used by 28 million people in the UK and 120 countries.