• French bank BNP Paribas announced a partnership with factoring and asset-based lending solution provider Lenvi.
• BNP Paribas will leverage Lenvi’s Riskfactor platform to help mitigate risk and enhance operational efficiencies.
• Lenvi made its Finovate debut at FinovateEurope 2023 in March.

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BNP Paribas announced last week that it is partnering with risk management solution provider for factoring and asset-based lending Lenvi. The French bank will deploy Lenvi’s Riskfactor as part of a multi-year contract to help the financial institution mitigate risk and improve operational efficiencies.

“Riskfactor allows businesses to harmonize responses and operations across jurisdictions, resulting in significant improvement in overall operations efficiency,” Lenvi CEO Richard Carter said. “We look forward to working together with BNP Paribas to support them in optimizing their risk management capabilities, while preventing fraud and improving overall efficiency. BNP Paribas’ commitment to risk management ensures a future-proof business.”

Riskfactor’s risk metrics analyze portfolios to identify unusual behavior, enabling users to investigate and take action on the highest risk accounts. Riskfactor automates risk processes and workflows, assigns follow up tasks for further investigation, and provides schedules to facilitate managing audits, debt verification, client and debtor reviews, and more. The platform oversees $63.4 billion (€60 billion) in lending and monitors more than 60,000 accounts worldwide. With deployments in 17 territories around the world, Lenvi notes that 90% of the receivables market in the U.K. use Riskfactor. BNP Paribas stated that it will deploy the complete Riskfactor product portfolio in eight countries in Europe.

“We are confident that Riskfactor will deliver on its promise and we are happy to have Lenvi’s support in implementing the solution,” BNP Paribas Global Head of Factoring Lionel Joubaud said.

BNP Paribas was founded in 2000 as the product of a merger between Banque Nationale de Paris (BNP) and Paribas. The ninth-largest banking group in the world by assets, BNP Paribas is the largest banking group in Europe. As of 2022, BNP Paribas had total assets of $2.8 trillion (€2.67 trillion).

Headquartered in Leeds, U.K. and founded in 1988, Lenvi demonstrated its technology at FinovateEurope earlier this year. Last month, the company announced partnerships with financial data provider Validis and secured finance technology company Lendscape.

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Photo by Paul Deetman

• Fraud analytics and risk management company Lenvi has partnered with secured finance technology provider Lendscape.
• The integrated platform will help lenders identify fraud faster, and provide better, more seamless experiences for customers.
• Headquartered in Leeds, U.K., Lenvi made its Finovate debut earlier this year at FinovateEurope.

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Here’s some news that slipped under the radar in recent days and weeks. Lenvi, a Leeds-based fintech that made its Finovate debut at FinovateEurope earlier this year, has announced a partnership with secured finance technology provider Lendscape. Together, the two companies are offering enhanced digital risk management for lenders. The integrated platform will help lenders identify fraud faster, and provide better, more seamless experiences for customers.

“This collaboration, and the integration of our revolutionary mix of workflow technology and next-level credit risk analytics with Lendscape’s powerful lending technology, represents a major step forward in advancing the commercial finance industry’s capabilities,” Lenvi Chief Executive Officer Richard Carter said.

Lenvi brings an advanced, real-time credit risk analytics solution to the partnership. Combined with Lendscape’s lending technology, the joint offering will help lenders establish creditworthiness faster and more accurately. The collaboration will also support smarter lending decisions throughout the entire loan lifecycle – from application to servicing.

“This partnership allows us to give providers a more holistic view of creditworthiness, empowering them to work smarter, optimize their lending operations, or ultimately unlock more working capital for their SME customers,” Lendscape CEO Kevin Day said.

Lendscape provides 120+ banks and lenders with an end-to-end platform that enables them to offer a wide range of financing products. Both institutional and SME lenders can benefit from the ability to build and deliver innovative financing solutions by using Lendscape’s technology. Lendscape was founded as general IT services provider Hill Price Davison in 1972. The company changed its name to HPD Software in 2000, and rebranded as Lendscape two years later. In July of this year, Lendscape announced that it had secured a “significant investment” from private equity firm Bowmark Capital.

In its Finovate debut in March, Lenvi demonstrated its new loan management platform, PF1. The solution supports a wide range of lending types – from mortgages to unsecured loans. PF1 combines a broad and extendable API-first party support, along with comprehensive lending functionality. This allows for feature toggling along with a fully automated online deployments. At the same time, a React user interface and APIs give users the ability to take advantage of a highly configurable workflow engine while remaining compliant and secure.

Founded in 1988, Lenvi works with more than 150+ lenders, providing lendtech solutions in loan software and risk analytics. The company has managed more than $122 billion (£100 billion) in credit assets on behalf of clients, and processes a new loan application every five seconds on its platform.

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Photo by John Escudero