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BNP Paribas appoints Lenvi to support risk management for factoring

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BNP Paribas will implement Lenvi Riskfactor’s full-service risk management and fraud analytics software for factoring and receivables finance

  • BNP Paribas invests in its long-term business plan by implementing Lenvi's Riskfactor software
  • Difficult economic climate results in risk management becoming increasingly important globally
  • Each European country BNP Paribas operates in will benefit from the launch across a multi-year contract

Lenvi, the leading provider of commercial lending software and solutions to the factoring and receivables finance market, has been appointed by BNP Paribas, to support its European risk management and operations functions through its risk management software Riskfactor.
Over the course of the multi-year contract, Lenvi will support BNP Paribas in reducing risk and improving operational efficiency. Through the implementation of the full-service risk management and fraud analytics software for receivables finance, Riskfactor will enable BNP Paribas to better prevent and manage risk and fraud.   
BNP Paribas will implement the complete Riskfactor product portfolio in eight countries across Europe.

Richard Carter, CEO, Lenvi said: “We are excited to partner with BNP Paribas, who is a leader in European receivables finance. Riskfactor allows businesses to harmonise responses and operations across jurisdictions, resulting in significant improvement in overall operations efficiency. We look forward to working together with BNP Paribas to support them in optimising their risk management capabilities, while preventing fraud and improving overall efficiency. BNP Paribas’ commitment to risk management ensures a future-proof business.”

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

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About Lenvi

Founded in 2023, Lenvi is a fintech specialising in B2B consumer and commercial lending software and solutions. It combines global expertise, market insight and end-to-end services to provide loan management software, risk management software, mortgage and loan servicing, standby servicing, and Know Your Customer (KYC). Lenvi is part of Equiniti and was formed from EQ Credit Services, EQ Riskfactor and EQ KYC Solutions.


About BNP Paribas

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.


About BNP Paribas Factoring

European market leader with over 50 years of experience, BNP Paribas Factoring is one of the three prominent pillars in the Bank's working capital solutions, with Cash Management and Trade Finance. It is present in 12 countries, (with local footprint in 19 countries),  with 1,300 experts servicing medium- and big-sized companies, and its annual turnover acquired from clients exceeds €210 bn. By responding to its clients' expectations for short-term financing solutions, BNP Paribas Factoring supports their growth strategies while leveraging the Bank's extensive global network. BNP Paribas Factoring's capacity to accompany its clients locally and across Europe and offer sustainable factoring solutions is unique in the market.

BNP Paribas Factoring - working capital solutions for your business