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Life in 3D: Using Alternative Data to Power Credit Risk Decisioning

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Life in 3D: Using Alternative Data to Power Credit Risk Decisioning

How to Grow Your Business and Improve Decisioning Accuracy

We see the world in 3D – and we should view credit risk the same way. As a lender, you’re often forced to determine credit risk using only a traditional credit score. But that leaves your perspective lacking.

Read our definitive guide and discover how using alternative data can enable you to:

Create a more agile approach to your credit decisioning process

Say yes to more customers, including those who are thin-filed or unbanked

Improve your decisioning accuracy and offer more cross-sell/upsell opportunities

Discover more about our Global Data Marketplace and supercharge your data strategy.

The Ultimate Guide to Decision Engines

What is a decision engine and how does it help your business processes?

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BNPL: Delivering Solutions that Match the Speed of Market Growth

ON-DEMAND WEBINAR

BNPL:
Delivering Solutions that Match the Speed of Market Growth

Book a Meeting

Like a runaway train, Buy Now, Pay Later continues to gather speed in North America. While more providers enter the increasingly attractive (and crowded) market and diversify their offerings, consumers get more and more demanding.

Sixty percent of customers abandon applications for unsecured lending products during digital onboarding, due to slow or complex application processes and a lack of (real or perceived) security. If you’re a BNPL provider, nailing the entire experience is critical.

But how can you get to market faster than the competition, ensure scalability in your product offerings, provide a superior customer experience AND still manage your risk effectively?

They key is in the data and the technology you choose. Hear Kathy Stares, EVP of North America at Provenir, discuss the critical factors to consider when selecting technology partners to grow (or start!) your BNPL business – and how to stay ahead of the competition.

You will learn: 

  • To easily access a variety of data sources (including alternative data) via a single API for a more holistic view of the creditworthiness of your customers
  • Why a unified platform for data, AI and decisioning can help you analyze and action your data (including decisioning performance data, credit risk, fraud and compliance) for flexibility and scalability throughout the entire customer lifecycle
  • How to automate decisioning for real-time approvals and a frictionless customer experience
  • To develop, deploy and adapt sophisticated risk models without heavy reliance on your vendors/partners – getting you to market faster than your competition


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Driving Growth in an Economic Slowdown

ON-DEMAND WEBINAR

Driving Growth
in an Economic Slowdown

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Hear from Provenir and TransUnion Experts

The Canadian economic landscape has changed dramatically this year. Recent increases in inflation and interest rates have driven uncertainty and volatility into the market and fraudsters are growing more and more sophisticated – digital fraud attempts rose a whopping 218% in Canadian financial services from late 2021 to early 2022. On the flip side, unemployment is at its lowest rate in decades and immigration hit an all-time high in 2021, opening up more opportunities to extend credit.

Watch now aas leaders from TransUnion and Provenir share their outlook on the current state of the Canadian economy and discuss how lenders can use data and AI to become more agile in meeting customers’ needs and capitalize on growth opportunities, while efficiently mitigating risks.

Tune in to:

  • Discover strategies needed to quickly react to changing market dynamics
  • Identify opportunities for growth through financial inclusivity
  • Understand how data can be used for growth as well as risk management
  • Learn about new trends in fraud and how to mitigate business exposure

Speakers:

  • Matt Fabian

    Director, Financial Services Research and Consulting, TransUnion Canada

  • Cheryl Woodburn

    Country Manager, Canada, Provenir


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Your Ticket to Decide – Tackle Risk and Drive Growth

ON-DEMAND WEBINAR

Your Ticket to Decide –
Tackle Risk and Drive Growth

Book a Meeting

In an era of instant-everything, speed is a distinct competitive advantage.

According to PwC, 80% of consumers rank speed as a key buying factor. Whether it’s how fast your customers are able to apply for credit, how quickly you can approve their application, or how soon they get their funds – speed is key. With the rapid pace of digitization and the increase of competition in all forms of financial services, the pressure of consumer demands has never been higher.

How do you balance speed and business growth while maintaining the health of your risk strategy? By ensuring that your decisioning technology can make the most accurate decisions, quickly. In this webinar and live demo, we’ll show you how unified access to AI-powered decisioning and the data that fuels it can help you make smarter decisions, faster, AND help mitigate your risk.

Tune in and hear from Provenir experts how a unified risk decisioning platform offers:

  • Full assessment of risk across identity, fraud and credit
  • Automated, real-time decisioning at onboarding and beyond
  • The ability to scale, diversify and launch new products without fear of compromising your risk strategy


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What’s Next for BNPL in North America and how to Prepare For the Evolution

ON-DEMAND WEBINAR

What’s Next for BNPL
in North America and how to Prepare For the Evolution

Book a Meeting

An e-commerce staple in certain regions, the Buy Now Pay Later wave is now having its moment in North America, with experts projecting the industry growing 10-15 times its current volume by 2025. As with most things in fintech, the landscape of BNPL – including regulations, providers, products and platforms – is changing, rapidly. Consumer expectations continue to grow, with 80% of consumers ranking speed as a key buying factor.

Join us for this panel discussion where we will discuss all things BNPL, including onboarding, the customer journey, how the North American landscape and associated regulations are changing – and how to ensure you are prepared for the evolution.

  • The way advanced technologies like AI/ML and automated decisioning can help you respond to market needs and shifts quickly, while managing risk effectively
  • How the use of alternative data can help you say yes to more customers and encourage greater financial inclusion for the underbanked
  • Why balancing customers experience and frictionless onboarding with fraud prevention and accurate decisioning is critical to ongoing growth
  • What the future holds for BNPL regulations and the ways we can future-proof technology to ensure compliance

Speakers:

  • Kathy Stares

    EVP Americas, Provenir

  • Rob Seidman

    Head of Product, BNPL/POS Lending, U.S. Bank

  • Josh Williams

    CEO, Seattle Bank

Moderator:

Todd Anderson

Chief Content Officer, Fintech Nexus


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SME Lending: The Road To Real-Time Approvals

SME Lending: The Road to Real-Time Approvals

How to Build World-Class SME Lending Experiences
Thirty-two percent of SMEs now work with online lenders for business credit. Convenience, efficiency and the ability to get rapid approvals make working with digital lenders an obviously attractive choice. If you aren’t making it easy for SMEs to get the credit they need, your competitors will.
Discover how to:
  • Power quick and easy applications
  • Automate processes for real-time approvals
  • Lower the cost of loan origination
  • Use predictive analytics to keep risk in check
Check out the eBook and learn how to accelerate your SME lending and pave the way for world-class lending experiences.

Learn More

RESOURCE LIBRARY

Infographic, SME Lending /

Building Technology Bridges How To De...

INFOGRAPHIC Building Technology BridgesHow To Deliver Fast, Accurate, Accessible SME Lending Small-to-Medium ... Read More →
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The 2024 Global Risk Decisioning Survey reveals critical insights into the challenges ... Read More →
Trending Topics: What Does 2023 Hint About 2024?
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Webinar, Customer Mgmt, Data /

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NEWS Steering Through Economic Challenges:Canadian Financial Services in 2024 While the inflation ... Read More →
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The Rapidly Evolving BNPL Landscape and How to Prepare For It

ON-DEMAND WEBINAR

The Rapidly Evolving
BNPL Landscape and How to Prepare For It

Book a Meeting

Buy Now Pay Later has moved beyond a fad into an e-commerce staple, with a 200% increase in the use of BNPL services since the Covid-19 pandemic began. But as with most things in fintech, the landscape of BNPL is evolving, quickly. New competitors are popping up every day, regulations are changing rapidly and consumers’ expectations are growing – in fact, 80% of consumers rank speed as a key buying factor.

Join us for this panel discussion where we will discuss all things BNPL, including onboarding, the customer journey, changing regulations and more – and how to ensure you are prepared for the evolution.


RESOURCES

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CSRSA Webinar: Delight Customers – Deter Fraudsters

ON-DEMAND WEBINAR

CSRSA Webinar:
Delight Customers – Deter Fraudsters

Book a Meeting

Buy now pay later is here to stay and exploding with providers offering financing for everything… from electronics and fashion to home services and a whole range of consumables.

Consumers are adding BNPL payments to their existing lending debts at a blinding pace. FinTechs are leading the charge in BNPL offerings however traditional lenders are rapidly going to market with solutions to compete. The global BNPL industry is now around 24 billion dollars, and experts are saying the industry will grow as much as 15 times its current volume by 2025.

Speakers:

  • Cheryl Woodburn

    Cheryl Woodburn serves as Country Manager for Canada at Provenir, a global leader in AI-powered risk decisioning software. Cheryl manages all operations as Provenir responds to the record-breaking growth the company is experiencing in North America.

  • Michael Shurley

    Michael Shurley is the Vice President of Presales Solutions at Provenir and has more than two decades of experience working for financial services software vendors. Prior to joining Provenir in 2015, Michael was the Director of Industry Solutions at CapitalStream, a leading loan origination software provider, and the Director of Sales Consulting at AFS, a leading commercial loan servicing provider. Earlier in his career, Michael worked for both Wells Fargo Bank and Prudential Financial.


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Lending Into The Future of Fintech

ON-DEMAND WEBINAR

Lending Into The Future of Fintech

Book a Meeting

Online lending is a prime example of an industry tackling the ever-present issue of ease of customer journey vs secure customer identification.

Online applications are a perfect testing ground for cybercriminals to attempt to commit fraud so organizations must ensure their defences are resilient enough to only approve good customers.

Yet, new sources of data provide exciting new opportunities for both fintech companies and banks to provide a super streamlined process. In this webinar, you’ll learn:

  • Key market trends 
  • How and why the fraudsters target online lenders
  • Ways in which to differentiate bad users from legitimate users
  • Challenges faced with regard to data and ID verification
  • How to develop the best strategies to combat online fraud
  • The most useful technologies available at your disposal


RESOURCES

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Redefining Intelligent Financial Services

ON-DEMAND WEBINAR

Redefining Intelligent
Financial Services

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Join the conversation during our monthly fireside chat with a panel of industry experts as they discuss their best practices and experiences while answering your questions on hot topics that matter to you.

No PowerPoints. No scripts. No sales pitches.

Our first session will feature a discussion between Flinks and Provenir on how intelligent financial services have evolved—and where they’re going next.

In this session, you’ll learn:

  • What are intelligent financial services?
  • What are industry leaders doing differently?
  • How are leaders redefining the industry?
  • Three key considerations in credit decisioning.


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