FinovateMiddleEast 2018 / RISQ
Presenter Profile:
How they describe themselves: RISQ offers a portfolio of on premise and cloud based intelligent financial software solutions focusing on limit and customer management which significantly improves efficiency and control. This is achieved by combining an excellent operational solution with embedded Artificial Intelligence (AI) resulting in a significant competitive advantage for its users. The current RISQ portfolio includes solutions for banks (focusing on International Banking/FI, Corporate Finance, and Treasury) as well as cloud-based solutions for wholesalers and importers (managing trade accounts).
How they describe their product/innovation: At Finovate, RISQ is launching ‘RISQ | Corporate Lending powered by CRIF’. A comprehensive Corporate Credit Evaluation Suite that will streamline the complex process of Corporate Credit to enable better, faster and more accurate data led credit decisions, using KPIs and scoring at each decision point. The platform integrates seamlessly with multiple external data repositories, providing bankers with full visibility of their customer’s economic situation. Displaying all information in a logical format covering: Credit Rating, Industry Sector Performance, Financial Ratios, External Credit Accounts, Trade Finance, Cross Border Data. Having this visibility of data combined with an intuitive workflow allows bankers to transfer converse, enrich and evaluate an application or account in real-time.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and industry leading partner
Contacts
Press: Michael Jesse, CEO, RISQ, michael.jesse@risq.info,
Ubaldo Tambini, Managing Director, CRIF MEA & APAC, u.tambini@crif.com
Sales: Michael Jesse, CEO, RISQ, michael.jesse@risq.info,
Ubaldo Tambini, Managing Director, CRIF MEA & APAC, u.tambini@crif.com,
Sanjay Uppal, CEO, StraitsBridge, sanjay.uppal@straitsbridge.com
Website: risq.info
HQ: Dubai, United Arab Emirates
Founded: 2016
Product Demoed: RISQ | corporate lending powered by CRIF
Metrics: RISQ acquired its first customer, Emirates NBD, within 6 months after the company was founded. The project went live after only 4 months. Today, Emirates NBD uses RISQ to manage its entire FI (Financial Institution) lending business globally and is able to radically decrease time needed for credit decisions, increase the visibility on the credit pipeline, as well as have on demand management reports without any further manual interventions. RISQ is self-funded and is currently in the process of raising a Series A investment round.
Presenters: Michael Jesse, CEO • Ozan Vakar, CTO
- Key Executives
Michael Jesse (CEO & Co-Founder), Ozan Vakar (CTO & Co-Founder)
Key Stats
- Key Partnerships
StraitsBridge Advisors, CRIF/Dun & Bradstreet (UAE), Bayan Credit Bureau (Saudi Arabia), CRIF High Mark (Credit Bureau India)