​Jensten Group partners with Manchester-based startup to strengthen risk management strategy

Broker Jensten Group has joined forces with Manchester-based regulatory technology startup RiskSmart, to strengthen its risk management framework.

The broker, which employed 1,000 staff as at August 2024, plans to tap into RiskSmart’s governance, risk and compliance software in order to better support its business processes as the firm grows both organically and through acquisitions.

RiskSmart’s artificial intelligence (AI) driven platform includes customisable dashboards and control test reminders, for example.

Steve Folkard, chief risk and compliance officer at Jensten Group, said the broker was keen to partner with a risk management platform that was “simple to use”.

He continued: “As a growing business, RiskSmart’s scalable solution will be an essential tool, supporting our expansion and ensuring that risk management remains a core aspect of our business development.”

Growth

In 2023, Jensten Group made 12 acquisitions – including its largest to date of east Anglian-based independent broker One Broker Group in November 2023.

So far in 2024, the broker has confirmed four acquisitions – with further growth on the agenda.

Ryan Swann, founder of RiskSmart, added: “We are thrilled to partner with Jensten Group during this exciting period of growth.

”Our technology is designed to provide robust risk management solutions that adapt to the needs of rapidly expanding companies across a wide range of sectors.

“We look forward to working with Jensten Group to help [it] build operational resilience for the future.”