Lenvi Collaborates With Jack Henry to Improve Risk Management & Fraud Detection

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.

Richard Carter, CEO of Lenvi said:

“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.”

Emma Hart, Sallyport Commercial Finance said:

“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.”