Equiniti Riskfactor, part of Equiniti Group, has gained its first client in Canada – Baron Finance.
Baron Finance specialises in asset-based lending, invoice factoring, purchase order financing and accounts receivable funding. It is based in Ontario and describes itself as “proudly Canadian owned and operated”.
It will implement the Equiniti Riskfactor’s flagship risk management and analytics solution, EQ Riskfactor. The vendor says it has been built specifically 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”.
Altan Gao, credit manager at Baron Finance, says the financial services firm was “impressed with Equiniti Riskfactor’s track record and the ease of implementation and we trust the software would make a tangible difference to our business”.