A Canadian financial services consultancy focused on fintechs and lenders announced this month a collaboration with RiskSmart, a UK-based provider of risk management software.
The fintech collaboration is set to enhance risk management frameworks by integrating RiskSmart’s software solutions with the financial and Canadian expertise of Toronto’s Payson, according to a statement from the companies.
“RiskSmart’s technology complements our commitment to providing superior financial solutions,” stated Brent Reynolds, founder of Payson.
The partnership aims to tackle critical challenges in the financial sector, according to Reynolds, such as regulatory compliance, cyber risk, and operational efficiency.
By leveraging RiskSmart’s technology, Payson will offer more robust solutions to Canadian businesses, ensuring a safer financial environment, he believes.
“This partnership will enhance our capabilities, allowing us to better manage risks and deliver enhanced value to our customers,” the entrepreneur said.
“Teaming up with Payson marks a significant milestone for us as we expand our operations in Canada,” stated Ryan Swann, founder of Manchester’s RiskSmart.
“Our shared vision for innovation and excellence in financial services will set new benchmarks in the industry,” he continued.
Payson Solutions was established in 2018.
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