Acquisitive brokerage firm Jensten and Manchester-based regtech company RiskSmart have announced a partnership, as part of Jensten’s efforts to beef up its portfolio and ensure its further growth.
Jensten was on an “acquisition spree” last year, snapping up a host of companies, including East Anglian-based One Broker Group and Scrutton Bland Insurance Brokers.
These strategic acquisitions, according to Jensten, helped to grow its workforce to almost 1,000. This year, the company has continued its momentum with four more acquisitions, and is now making preparations for “further strategic growth.”
Steve Folkard (pictured left), chief risk and compliance officer at Jensten, said the partnership with RiskSmart would play a vital role in ensuring continued growth and providing clients with the best services. RiskSmart is known for its specialisation in governance, risk, and compliance software.
“When selecting a risk management platform, it was important for us to find one that was simple to use,” said Folkard. “The intuitive user interface and AI-assisted features within RiskSmart significantly simplify the risk management process, making it accessible to a broader range of users within our business.”
Folkard also said that the flexibility and scalability of the RiskSmart system could help the company leverage its services.
“The customisable dashboards and automated control test reminders make managing risk hierarchies much more efficient. 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,” Folkard said.
Meanwhile, RiskSmart co-founder Ryan Swann (pictured right) expressed his enthusiasm for the partnership.
“We are thrilled to partner with Jensten during this exciting period of their 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,” he said. “We look forward to working with Jensten to help them build operational resilience for the future.”
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