Lenvi, the UK’s leading provider of commercial lending software, has announced that its market-leading Riskfactor portfolio management software is now accessible through the Jack Henry™ FactorSoft™ solution.
Lenvi’s Riskfactor solution has over 90% market share in the UK and a significant presence in continental Europe, where it has been active since 2007. Since its launch, Riskfactor has underpinned over $115 billion of lending across 60,000 accounts globally. Lenvi's integration with Jack Henry's FactorSoft Solution aligns with its mission to provide leading technology providers with essential risk management software.
Jack Henry FactorSoft clients will have access to Riskfactor to enhance risk management capabilities, streamline workflows, and reduce servicing costs, enhancing the customer experience. The software will allow users to spot fraud by comprehensively risk profiling every client and debtor and using data and refined fraud analytics to spot trends. It also introduces a risk-based monitoring approach to help users focus their attention on urgent issues through Riskfactor-analysed work lists; streamlining the customer process.
Riskfactor is designed specifically for the ABL and receivables finance market by analysing collateral for trends, fraud activities, and forecasting. They deliver powerful analytics by integrating and analysing real-time data that controls and proactively identifies portfolio risk and issues early warnings to prevent fraud. These actionable insights provide lenders with the information they need to make appropriate business decisions proactively rather than reactively – instilling confidence in the collateral they are lending against.
We already share a number of mutual customers with Jack Henry, so when the opportunity arose to collaborate with them – a leading FinTech like ourselves – to bring their customers our flagship software, it was an easy decision. Since launching Riskfactor over 30 years ago, we have continuously pioneered the features it offers today. Time and time again, we see the value that it brings to customers by way of spotting fraud quickly and alleviating compliance pressures, benefits that I know are hugely important to Jack Henry’s customers. This integration will continue to affirm Riskfactor’s market-leading position and growth in new markets.
Richard Carter, CEO of Lenvi
As a leading independent Accounts Receivable funder, leveraging Jack Henry for our core operating platform alongside Lenvi Riskfactor for our Portfolio monitoring and reporting tool has been a game changer. With Jack Henry powering our day-to-day processes and Lenvi’s Riskfactor risk management software, we’ve experienced unparalleled efficiency and insight into our operations. The seamless integration enables us to make rapid decisions, adapt to changes in client performance and optimise our lending strategies. Thanks to the integration of Lenvi Riskfactor with Jack Henry’s FactorSoft Solution, our lending operations are more streamlined and effective, allowing us to better serve our clients and help support their growth and businesses.
Emma Hart, Sallyport Commercial Finance.
About Lenvi
Founded in 2023, Lenvi is a fintech specialising in B2B consumer and commercial lending software and solutions. It combines global expertise, market insight and end-to-end services to provide loan management software, risk management software, mortgage and loan servicing, standby servicing, and Know Your Customer (KYC). Lenvi is part of Equiniti and was formed from EQ Credit Services, EQ Riskfactor and EQ KYC Solutions.
About Lenvi Riskfactor
Riskfactor is Lenvi’s highly successful risk management software, using unique risk metrics to boost operational efficiency for businesses. Riskfactor is used globally by receivables finance providers and asset-based lenders to manage risk, reduce fraud and maximise efficiency.
About Jack Henry & Associates, Inc.
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading FinTechs.
For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
About Sallyport Commercial Finance
Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in staffing, energy, food & beverage, apparel, manufacturing, service industry, transportation, Government receivables, and IT.