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.”
For more information:
Temple Bar Advisory:
Tel: 07827 960151 / 07769 655437
Notes to Editor:
About Equiniti Riskfactor
Equiniti Riskfactor is the leading provider of risk management and fraud analytics software for the global commercial finance market including factoring organisations, banks and alternative lenders. In the UK, over 90% of the receivables finance market use the leading application, EQ Riskfactor.
Equiniti Riskfactor is part of the FTSE 250 firm Equiniti Group, a specialist outsourcer delivering technology-enabled solutions to some of the best-known brands and public-sector organisations in the UK, including c.70 of the companies in the FTSE 100. It is the UK’s leading provider of share registration and associated investor services, and also has market leading positions in administration of employee share plans, pension administration and software, and employee benefit schemes. Equiniti’s services, which are delivered by over 4,300 employees, benefit 28 million people in the UK and 120 countries around the world.
About Baron Finance
Baron Finance is a financial service provider specialising in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding. Proudly Canadian owned and operated, Baron Finance has been providing Canadian businesses with the tools needed to succeed since 1992 and has helped hundreds of small to medium sized business become financially stable.