- EQ Riskfactor and Solifi partnership enhances risk-management capabilities for asset-based lenders globally.
- The new partnership integrates EQ Riskfactor and Solifi risk management technologies to provide ABL lenders – for the first time – a direct line of sight into collateral risk and performance in real-time.
- The new partnership sees EQ Riskfactor’s unique risk analytics combined with Solifi’s market-leading lending platform to offer lenders an innovative and sophisticated fraud prevention technology.
- By combining expertise from both businesses, clients will benefit from a global ‘best-in-class’ solution that delivers sophisticated early fraud detection driven by unrivalled analytics.
FCI Member, EQ Riskfactor, a global provider of risk management software for the commercial finance market (part of Equiniti Group), is delighted to unveil its new partnership with FCI Member, Solifi. A global fintech software partner, Solifi provides market-leading, mission-critical software-as-a-service (SaaS) solutions built on an open finance platform for the secured finance industry, and is the most widely used and trusted asset-based lending (ABL) and factoring software in the U.S. commercial finance industry.
Through this strategic partnership and innovative new interface, EQ Riskfactor and Solifi now offer ABL customers a direct line of sight into collateral risk and performance in real-time – something not previously available in the market. The integrated risk-management platforms provide lenders enhanced solutions that effectively manage risk, detect and prevent fraud proactively, and identify actionable insights to make meaningful business decisions.
The strategic partnership will see EQ Riskfactor develop its flagship risk management and analytics software in the growing US secured finance market, as part of its continued international growth strategy.
EQ Riskfactor was designed for the ABL and receivables finance market and uses unique risk analytics to highlight deteriorating client profiles and unusual activity.
Aaron Hughes, CEO at EQ Riskfactor, comments: “We are very excited about our new partnership with Solifi. Their unrivalled reputation in the secured finance market alongside our joint expertise ensures a brilliant foundation from which we can grow our business in the U.S. There are many synergies and we look forward to exploring and realising the opportunity and potential this partnership brings. EQ Riskfactor will offer Solifi clients a powerful and revolutionary mix of workflow technology and next-level risk analytics which will elevate their risk management systems and boost their defences against fraud.”
Bill Noel, Chief Product Officer (CPO) of Solifi, comments: “We are thrilled that our new strategic partnership with EQ Riskfactor will bring increased value to our customers. EQ Riskfactor’s advanced risk-management technology and solid reputation within the industry represents a key opportunity to support our customers globally. We share a common vision and commitment in providing market-leading technology that allows our customers to grow with confidence. Solifi’s commitment to research and development ensures that we partner with the best technology providers to help our customers remain ahead of the curve and to futureproof their businesses for decades to come.”
IDS, William Stucky & Associates, and White Clarke Group are now Solifi, delivering a solid financial technology foundation for equipment, working capital, wholesale, and automotive finance firms. At Solifi, we believe that commerce is only as strong as the system it runs on. Our mission is to reshape finance technology by bringing together proven solutions into a singular powerful technology platform designed to help you protect and scale your business. We guard your company by being precise and reliable, we guide you to success by combining powerful technology with proven expertise, and we help you grow by unleashing the potential of your business. For more information, please visit www.solifi.com.
About EQ (Equiniti Group)
EQ is a leading international provider of shareholder, pension, remediation, and credit technology. With over 5,000 employees, it supports 37 million people in 120 countries. EQ’s purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.