Provenir’s Flexible Risk Management Platform Empowers New Lender with Automated, Accurate Decisioning
Quick Finans, a newly established financial services company in Turkey, was looking to offer innovative and integrated credit and insurance solutions. With the adoption of Provenir’s risk decisioning platform, they are able to manage risk more effectively, adapt to new technologies easily, and improve automation efforts while reducing costs. Discover how in our case study.
Discover how Provenir’s Decisioning Platform can transform your business.
AMU stands at the forefront of financial innovation in New Delhi. AMU is a registered Non-Banking Financial Company (NBFC) specializing in a spectrum of loan services.
AMU’s core expertise lies in seamlessly integrating technology with their financial solutions. They excel in the niche market of Electric Vehicle (EV) & Unmanned Aerial Vehicles (UAV); financing and leasing through the entire electric ecosystem, and addressing the evolving needs of sustainable mobility.
Industry
Region
Line of Business
Solution
Module
Infrastructure
ROI
Customer Timeline
Opportunity Created
23/08/2022
Opportunity Won
07/11/2022
Go-Live
June 2023
Customer Expansion
The end-to-end customer onboarding journey. Currently they only leverage e-KYC checks.
Initial Opportunity Details
Customer Challenge
Manual process of checking customer eligibility and validation.
Difficult to established any API integration to external system.
Provenir Approach
Provenir Decisioning helps AMU run the automation for KYC and eligibility checks for their customers. The API integration built in the Provenir solution helps AMU run checks to external data partners automated from manual processes in phase one.
Provenir Impact
AMU performs the automation of e-KYC processes, integrating to external data within milliseconds. The manual process was eliminated so AMU’s customers can advance to the next stage and get results within a day.
Competitors
In-house solution
Why We Won
Our data integration capabilities as part of the decisioning solution drew their initial interest. They intend to have us build one external integration to their external data partner.
ROI
Data Integration
Flexible decisioning
Customer Growth
Growth Opportunities
Phase Two will be to implement end-to-end underwriting processes, including customer profiling, product recommendation and the use of AutoML.
Provenir Financial Services Club: Strategies for Excellence in Dynamic Decisioning
Striking the Balance: Navigating Affordability and Regulation in Financial Services
Wednesday 4th December, 2024 The Fullerton Hotel, Singapore
In Singapore’s evolving financial landscape, lenders are facing the dual challenges of affordability and credit risk management amid rising interest rates and inflation. How can financial institutions adapt to these pressures and position themselves for success in the year ahead?
Join us for an exclusive roundtable event, hosted by Provenir in Singapore, titled Striking the Balance: Navigating Affordability and Regulation in Financial Services. Gain insights from Pei Ying Chua, Head Economist for APAC, as she delves into the current economic landscape and shares an outlook for lenders moving forward.
Key Discussion Points:
Explore strategies to expand access to affordable credit while managing risk effectively.
Discover ways to engage customers across their lifecycle with timely and relevant offers.
How AI and real-time data enable personalised lending experiences tailored to individual needs.
Discuss innovative approaches to strengthen credit risk management.
Format:
11:30am – Arrival. Drinks to be served during networking
11:45am – Keynote from Head Economist Pei Ying
12:30pm – Roundtable discussion and lunch is served
2:30pm – Official close and summary
Register your interest here
Pei Ying Chua
Pei Ying is the Head Economist for APAC at LinkedIn. Bridging between policy, economics and data, her team partners with governments, public institutions, and policy influencers to identify opportunities and insights that help government and business leaders address the challenges of the modern workforce. Her role includes government-focused analytics, development of upskilling and education policy, and customized labor market insights that form the core of LinkedIn’s vision to create economic opportunity for every member of the global workforce. Previously, Pei Ying was the Head of Economics at Grab, South-East Asia’s largest ride-sharing company. She was also the VP of Social Impact for Conjunct Consulting, South-East Asia’s first social change consultancy, and is currently an active reviewer for the Journal for Imaging Science and Technology. She is also the proud co-author of “One Minute Theorems” and “How Many Economists Does It Take To Change A Lightbulb?”.
The Provenir Thought Leadership Roundtable Series is designed to convene industry visionaries, C-level executives, and thought leaders in the financial sector for insightful discussions on redefining risk decisioning strategies. The series aims to cultivate a collaborative environment for sharing forward-thinking perspectives, exploring innovative approaches, and shaping the future of risk decisioning in an era of rapid technological evolution and changing consumer expectations.
AI, Financial Crime, and the Battle for Control: Who’s Winning the Arms Race?
As always, the battle between financial services providers and fraudsters wages on. But increasingly, the weapon of choice on both sides is Artificial Intelligence (AI). As both financial leaders and fraudsters face rapid technological advancement, the arms race is heating up – and the stakes have never been higher. Check out the article from Sophia Qureshi, Provenir’s VP of Product Management, Fraud Solutions in CIO Influence, where she shares key insights on the AI revolution in finance – and how financial institutions can win the war against fraud.
Minimize Credit and Fraud Risk, Maximize Opportunity
Discover Provenir’s single, scalable software solution that enables real-time decisioning across any financial services segment. Empowering you to balance risk management with growth opportunities, Provenir’s AI-driven decisioning platform allows you to assess credit risk effectively and prevent fraud, enabling more intelligent, accurate decisions – at onboarding and beyond.
Discover how Provenir can optimize your onboarding strategy
Maximize Value Through Seamless Financial Services Integration
Integrating financial services into non-financial platforms is expected in today’s digital marketplace. But success in embedded finance requires automated decisioning technology powered by real-time data and intelligence, allowing you to remain agile and responsive while providing simple, straightforward financing experiences. Provenir’s AI-Powered Decisioning Platform enables intelligent, dynamic, instant decisioning for credit and fraud in real-time, across the entire customer lifecycle.
Want more info on how Provenir enables fast, accurate decisions for embedded finance?
In-Person Event: Navigating the Future of Digital Transformation and Customer Experience
September 27, 2024 | 9 am – 4 pm (SAST) | De Hoek Country Hotel, Magaliesburg
Join us for a groundbreaking in-person event in South Africa designed to provoke thought, inspire innovation, and drive meaningful discussions with industry experts on the future of digital transformation and customer experience. This event will blend visionary insights with practical solutions, fostering a collaborative environment where the local industry’s best and brightest can explore together how to solve the most pressing challenges facing lenders and financial services providers.
Packed with engaging sessions, our agenda will delve into key topics such as data democratization, process automation, the importance of partnerships and collaboration, and hyper-personalization for enhanced customer experiences.
Don’t miss this opportunity to be part of a transformative dialogue that will shape the future of our industry. We look forward to welcoming you in South Africa on September 27!
AGENDA
09h00
Arrival, Tea & Snacks
09h30
Welcome. Evolving today’s complexity, doing more with less… simplified!
09h45
Data Democratization and Process Automation, with:
Jun Wai Des Lee, Principal Consultant, Provenir
10h15
The true meaning of digital transformation & hyper-personalization, with:
Herman Singh, Futurist, Future Advisory
11h00
The key challenges to competing in a data-driven era fireside chatwith:
Ryan Morrison, Executive: International, Provenir
Des Lee, Principal Consultant, Provenir
Keshnie July, Decisioning, Investec
Unathi Mtya, Group Chief Information and Digital Officer, African Bank
12h00
Lunch, The Garden Pavilion
13h00
Enabling secure, compliant & transformative data collaboration, with:
Paul De Beer, Chief Analytics Officer, Omnisient
13h30
Boosting value through data-driven customer experience, with:
Pavin Burra, Chief Executive, Analytix Engine
14h00
Disruptive customer experience strategies, with:
Dee Chetty, Chief Product Officer, TransUnion
14h30
The importance of partnerships, agility, flexibility, and automation, with:
One Decisioning Platform for Every Customer Touchpoint
Balancing risk with opportunity can be a challenge – especially when you need to offer your customers real-time, personalized products and services. Discover how Provenir allows you to minimize risk, maximize value, and streamline engagement across the customer lifecycle – all from a single decision intelligence platform.
Do you struggle to maintain your legacy risk decisioning solutions? A lack of support from current vendors, evolving compliance regulations, increased competition and a need for digital transformation can all mean that the time has come to upgrade your outdated legacy technology. But upgrading can be overwhelming, and poses its own challenges, especially as you decouple your decisioning platform from other systems and integrations.
So what do you need to consider when it’s time to move? Check out our comprehensive list of considerations for a successful tech migration.
Want to learn more about our years of experience with large-scale migrations?
