Brilliance Financial Technology, a Sidney, Australia-based global provider of commercial lending Risk-based Pricing and Profitability optimization software, received a majority investment from Implement Holdings.
The amount of the transaction was not disclosed. Jean-Edouard van Praet, Chief Executive Officer at Implement Holdings, will take on the role of President at Brilliance Financial Technology.
The investment will enable the company to expand globally.
Led by Christopher Grant, who will continue to serve as Chief Executive Officer, Brilliance delivers a Risk-based Pricing and relationship profitability platform. Through its platform, banks can evaluate the Risk Adjusted Returns of corporate loans and other credit products; maximise customer profitability; and optimize the use of capital.
The firm currently supports a global user base of over 20,000 relationship managers, portfolio managers and other decision makers at large banks in the USA, Europe, Asia, and Australia.
Brilliance has offices in New York and San Francisco.
FinSMEs
18/11/2014