Risq, a financial software provider and StraitsBridge, a leader in advisory services across finance and analytics domains, have signed an agreement appointing StraitsBridge as exclusive distributor for Risq solutions for the GCC, Lebanon and Egypt markets.

"We are delighted to partner with StraitsBridge whose professionals, across their Singapore and Dubai offices, comprise of former senior bankers who bring a deep understanding of challenges banks face in the management of financial institutions (FI) & commercial lending businesses where a number of key tasks are performed manually or on simple in-house applications. StraitsBridge works closely with C-level across banks in the MEA region allowing us to discuss challenges faced by the banks directly with the decision makers," said Risq's CEO Michael Jesse.

Risq's first customer in the MEA region is Emirates NBD Group who went live with 'Risq | financial institutions' in December 2016 and has, since then, rolled out Risq successfully to its branches in Saudi Arabia, Singapore, London, and Mumbai.

Sanjay Uppal, founder and CEO of StraitsBridge Advisors, said: "Banks across our key markets, including in Middle East & Africa, are looking to enhance control, efficiency and transparency in managing their FI businesses, and are keen to invest in long-term solutions that will carry them well into the future. Following a lengthy review, we found 'Risq | financial institutions' exceeded our expectations as a unique product that revolutionizes how banks manage their FI businesses. We are delighted to partner with Risq and look forward to bringing their solution to banks in the MEA." – TradeArabia News Service