Equiniti launches enhanced invoice finance KYC service

International technology-led services and payments specialist, Equiniti Group has announced the launch of an enhanced Know-Your-Customer (KYC) service for asset-based and invoice finance lenders.

Equiniti’s dual automated and managed service helps lenders efficiently address the increasing KYC demands brought on by evolving regulation. Furthermore, the service provides futureproof access to third-party data sources through universal connectivity.

Michael Ellis, Head of Commercial at Equiniti Riskfactor, said “This enhanced KYC service will be a huge step forward in fraud detection and anti-money laundering in the asset-based and invoice finance lending industry.”

“Equiniti Riskfactor is the go-to provider of risk management and fraud analytics, with over 90% of the receivables finance market using our market leading EQ Riskfactor product. This enhanced KYC proposition complements the existing services we provide for our customers and we look forward to seeing first-hand the benefits it brings them.”

Chris Adams, Head of Product (EQ Digital), said “We are delighted to provide a service that is of invaluable use to lenders in the invoice finance and asset based lending facilities.”

“We are now able to offer our customers improved automation as we further develop our technological capabilities. Our managed service continues to differentiate us within the industry – it proves our commitment to meaningfully reducing risk for our customers and increasing their return on investment.”