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Solifi has announced its latest technology partnership with EQ Riskfactor, a leading global provider of risk management software for the commercial finance market. Together, the two companies will offer asset-based lending (ABL) customers direct line of sight into collateral risk and performance in real-time. Rather than relying on historical trends and physical audits, ABL lenders can now see what’s happening to their loan or risk exposure online daily and take proactive steps to protect and manage their business.

Solifi, a global fintech software partner for secured finance combining IDS, William Stucky & Associates, and White Clarke Group, said it continues to build partnerships with leading technology providers in the industry. EQ Riskfactor, for example, integrates best-in-class complementary solutions to enhance risk-management and early fraud-detection capabilities – enabling better customer experiences and increasing operational efficiency. The company is part of the Equiniti Group, and in the UK, over 90% of the receivables finance market use EQ Riskfactor’s products.

Bill Noel, chief product officer (CPO) of Solifi, explained: “Mitigating risk is one of the top challenges faced by our ABL customers. EQ Riskfactor has the proven infrastructure in place to conduct detailed analysis, fraud detection, and forecasting. Through API technology built on Solifi’s open finance platform, our customers gain real-time visibility to manage risk, detect fraud proactively, and grow their business with confidence.”

EQ Riskfactor is designed specifically for the ABL market by analyzing collateral for trends, fraud activities, and forecasting. Powerful analytics integrate and analyze real-time data that controls and proactively identifies portfolio risk and issues early warnings to prevent fraud. These actionable insights provide ABL lenders the information they need to make appropriate business decisions proactively rather than reactively – and instill confidence in the collateral they are lending against.

“We are very excited about our new partnership with Solifi,” said Aaron Hughes, CEO at EQ Riskfactor. “By joining forces and working in close collaboration, we can offer the ABL and receivables finance market an advanced risk analytics and fraud prevention solution as well as enhanced portfolio visibility.”

Noel added: “Ultimately, our goal for our customers is to connect all the different systems with expert API partners like EQ Riskfactor for a seamless user interface to optimize workflows, make data-driven business decisions, mitigate risk that goes beyond a credit score, futureproof their businesses, create better customer experiences, and help them differentiate from the competition.”

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