Global travel intelligence company, Riskline, today announced a new partnership with TripStax, a leading technology company that provides travel management companies (TMCs) and corporates with a modular stack of innovative business travel solutions.
The partnership will enrich TripStax’s duty of care and risk management support for customers by providing high-level travel risk data, including real-time human-verified intelligence. Riskline is one of the world’s leading travel risk insights companies leveraging professional analysts to process more than 100,000 data sources providing accurate and timely travel risk assessments.
Riskline’s technology will be integrated with the TripStax Core, the central data processing engine that powers the TripStax ecosystem of ten cutting-edge modules. The Core will consume real-time risk intelligence data, alerts, and destination information and proactively determine how best to deploy that data within relevant connected TripStax modules such as Track, Approve, Docs, and Mobile.
The unique connectivity of TripStax’s ecosystem of modules means that TMCs and corporate travel managers will receive immediate and actionable data regarding threats and incidents to traveller safety. For example, approval flows can be created and re-run within the TripStax Approve module based on immediate risk factors; accurate information can be populated within the TripStax Docs module to add status alerts to itineraries; proactive notifications can be sent to travellers via the TripStax Mobile; and vital information regarding travellers’ location can be instantly sourced within the Track module.
The global business travel market was worth approximately £557.2 billion GBP in 2020, according to data published by Allied Market Research, and is expected to grow by 188 percent by 2028. Meanwhile, overseas travel is predicted to play a critical role in the UK economy, with expectations that the UK’s flight market will generate £21.8 billion by 2028. As both commercial and business travel continues to expand, it is critical that TMCs can offer their customers reliable safety information and Riskline’s partnership with TripStax will help facilitate this.
Commenting on the new partnership, Suzanne Sangiovese, Director of Travel and Technology at Riskline, said:
“We are really excited about the partnership and the new opportunities it offers us. By working with TripStax, our risk technology can be utilised by travel management companies and their customers, enabling them to travel with greater confidence.
David Chappell, Chief Product Officer at TripStax, added:
“We are absolutely delighted to have forged this new partnership with Riskline for the provision of risk information into our platforms. Considering that the provision of actionable information based on risk is at the top of many customers’ agendas at the moment, the partnership comes at an important time. Ultimately, the travel industry needs more forward-thinking, open, and collaborative architectures and this agreement not only highlights our own desire to partner with the best in the industry but also is a blueprint of how two leading technologies can work together to create better experiences for our customers”.
About TripStax
TripStax (www.tripstax.com) is an award-winning fully connected modular stack of proprietary business travel applications, powered by The TripStax Core, a profound central data processing architecture that consumes, enriches and manages all business traveller booking, profile and invoice data across the entire TripStax eco-system. TripStax is leading the charge for the iterative transformation that the business travel tech landscape needs, by changing how travel data is consumed, managed and utilised by TMCs and corporate travel managers.
