- 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
EQ U.S., part of UK-listed 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 U.S. 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 U.S. 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 U.S.. 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.”
ENDS
For more information:
Temple Bar Advisory (Equiniti Group plc)
William Barker / Sam Livingstone
Tel: +44 (0) 78 2796 0151 / +44 (0) 77 6965 5437
Email: williamb@templebaradvisory.com / saml@templebaradvisory.com
Notes to Editor:
About Equiniti Group plc
Equiniti Group plc, an international technology-led services and payments specialist, provides non-discretionary payment and administration services to some of the world’s best-known brands and UK’s largest public-sector organisations.
It is the UK’s leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes.
Equiniti’s services, which are delivered by over 5,000 employees, benefit 36 million people in the UK and 120 countries around the world.
Equiniti Riskfactor is the leading provider of risk management and fraud analytics software and consulting for the global commercial finance market including factoring organisations, banks and alternative lenders. In the UK, over 90% of the receivables finance market use Equiniti Riskfactor’s products.
About EQ U.S.
EQ U.S. provides transfer agent, equity compensation and proxy solicitation services that help companies reduce risk, realize efficiencies and improve shareholder experiences. We’ve been helping the world’s leading brands raise capital, incentivize employees and service shareholders while staying compliant since 1929.
EQ U.S. is responsible for nearly 5 million shareholders in America and 23 million globally, the company issues more than $300 billion in payments each year across the globe. EQ U.S.’s purpose is to care for every customer and simplify each and every transaction, delivering the highest levels of service through an effortless and enjoyable experience.
EQ U.S. is a part of Equiniti Group plc, listed on the London Stock Exchange, delivering payments, administration and technology services to organizations globally.