Equiniti Riskfactor announced its first Canadian client, Baron Finance, a financial services provider specialising in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding.
The deal will see Equiniti Riskfactor provide Baron Finance with its 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 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:
