Germany-based efcom has partnered with Lenvi Riskfactor, a commercial lending software, to enhance risk management in the receivables finance sector.

The collaboration aims to help lenders with deeper insights into risk functionality and drive innovation for the receivables finance industry.

Lenvi Riskfactor’s risk management software is utilised by receivables finance providers and asset-based lenders to manage risk, minimise fraud, and boost efficiency.

The software is a risk partner for over 50 lenders across 18 locations worldwide.

Efcom chief partner officer Federico Avellan Borgmeyer said: “Though efcom already has a risk management module, clients seeking deeper data insights can now use the integrated Lenvi Riskfactor solution.

“Clients simply access Lenvi’s system through our application, which provides all the necessary information to understand their portfolio, enhancing risk detection and improving their market position.”

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The partnership with Lenvi Riskfactor enables efcom to strengthen its risk management offerings to clients, allowing lenders to protect and expand their portfolios more effectively.

It is set to offer deeper insights, lower risk exposure as well as enhance growth opportunities for efcom’s clientele.

Lenvi Riskfactor sales director Ahmed Amin said: “Our partnership with efcom provides an opportunity for the companies to better serve our existing mutual customers, developing more aligned product proposals and innovating together. In addition to this, we see efcom as a strategic partner due to their position as a leader in the DACH region, a complementary market for Lenvi Riskfactor as we continue to expand our global presence.”

Currently, efcom and its subsidiaries serve about 50 financial institutions such as HSBC, BNP Paribas, Deutsche Bank-Postbank, UniCredit, BBVA, Raiffeisenbank, Eurofactor, Allianz-Bank, FinTechs, and many more.