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Alternative Credit Data for Better Customer Outcomes

ON-DEMAND WEBINAR

Alternative Credit Data
for Better Customer Outcomes

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It’s been a few months since the FCA’s Dear CEO letter, outlining their concerns with the rising cost of living. As it predicted, inflation is impacting household budgets resulting in an increased demand for credit.

Vulnerable customers are set to be hit the hardest. More of the UK population are also predicted to display characteristics of vulnerability over the coming months. 

The upcoming Consumer Duty is intended to raise the bar to address the FCAs growing concern lenders may not be doing enough. One thing for sure is that traditional data sources don’t have all the answers – lenders need to understand their customers’ real-time financial position to predict future risk and put the customer at the centre of their business. 

Leaders in the credit data space, DirectID and Provenir co-host this webinar with guest pannellist Jo Pearson from NewDay discussing the changing pressures on consumers. They explore and share knowledge on the alternative data sources available across the credit life cycle that lenders need to produce better customer outcomes.

Speakers:

  • James Syron

    Partner Manager, DirectID

  • Chris Kneen

    Managing Director, UK & Ireland, Provenir

  • Jo Pearson

    Head of Customer Outcomes, NewDay


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Infographic: How to Simplify Your Data Strategy for Smarter Decisioning

INFOGRAPHIC

How to Simplify Your Data Strategy for Smarter Decisioning

Do you struggle with your organization’s data strategy? Do you have access to the data you need to make smarter decisions? With the right technology, you can overcome any data challenge to reduce risk and grow your business.

Access any data, anywhere, on-demand through one API – read the infographic to learn how.

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Data Your Way – Streamlining Your Data Strategy with Provenir Data

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Infographic: The Benefits of Unified Access to AI-Powered Decisioning + Data

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The Benefits of Unified Access to AI-Powered Decisioning & Data

How to Get Smarter With Your Decisioning Technology

How can you get smarter with your risk decisioning? Look for an all-in-one solution that functions like a smart home – one centralized platform that allows you to manage and control it all: data, AI models and decisioning.

Browse the infographic below for more info on the benefits of unified access to AI-powered decisioning and data.

Ready to get even smarter?

Get the eBook and discover how a unified solution can help you change the way you think about your risk strategy.

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The History of Credit Scores: Infographic

INFOGRAPHIC

The History of Credit Scores

The term ‘credit score’ is often thrown around when it comes to financial services and products, but what does it really mean?

There’s a lot to know about how credit scores impact the way the average person goes about their day-to-day life. Whether you’re signing up for your first credit card or looking to apply for a mortgage, your credit score plays a huge role in determining whether you’ll be able to achieve some of your financial goals. 

Something just as important – and a term as equally thrown around – is a credit report. Your credit report determines how much interest you’ll have to pay back on loans, credit cards, and mortgages and whether you’ll be approved for them in the first place. 

Credit scores and reports as we know them have only been around for a few decades but are part of a long history of merchants, lenders, and decision engines. Here, Provenir explores when credit scores were invented, how they’re calculated, and how consumer credit reporting works, so you can know more about your money. 

Read on for your no-nonsense guide to all things credit.

When were credit scores invented and how does credit scoring work?

Read the Blog

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Most financial institutions still rely on humans to interpret model predictions and make the final
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Infographic: One decisioning platform for every customer touchpoint

Infographic: One dec...

Balancing risk with opportunity can be a challenge - especially when you need to offer
Navigating Your Legacy System Upgrade

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Do you struggle to maintain your legacy decisioning systems? A lack of support from current
provenir logo

Infographic: The Evo...

With extraordinary growth over the past twenty years, the financial services sector has seen incredible
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Provenir for Telco Data Sheet

Provenir for Telco

Finding new, creditworthy subscribers while retaining your current ones can be especially difficult for telcos in a highly competitive landscape.

Activating those subscribers without increasing your risk is even harder. That’s why it’s so important to get the right decisioning technology. With Provenir’s AI-Powered Decisioning platform, telcos have the power to increase activations while minimizing risk across the customer lifecycle. Explore what you can do with a unified decisioning solution that offers more accurate risk assessment, real-time decisions, and flexible, data-driven processes.

Transform Your Telco into a Decisioning Superhero

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Buy Now, Pay Later: Automated Decisioning Technology for a Frictionless Customer Experience

ON-DEMAND WEBINAR

Buy Now, Pay Later:
Automated Decisioning Technology for a Frictionless Customer Experience

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The Buy Now, Pay Later market continues to grow and diversify. New providers are still emerging, partnerships between fintechs and larger, traditional banking institutions are solidifying – and consumers are getting 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. Whether you’re a new entrant to the market or a seasoned BNPL provider, providing a frictionless customer experience is critical to maintaining your competitive advantage. But how can you stay ahead of the competition and still effectively manage your risk?

Key Highlights:

  • 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 easily accessing a variety of data sources(including alternative data) via a single API, offers a more holistic view of your customers, and encourages financial inclusion
  • The importance of automated decisioning for real-time approvals and a frictionless customer experience
  • How 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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Provenir for Collections

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Provenir for Collections

Faster strategy deployment. Reduced losses. Improved customer relationships.

Take your collections management to the next level with Provenir’s AI-Powered Decisioning Platform. Your collections success relies on using the right treatment strategy at exactly the right time – and with Provenir at the center of your customer relationship management ecosystem, you’ll have the power to use all your customer data with advanced analytics tools, including AI/ML, to fully optimize your collection strategy.

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DATA SHEET Provenir for Fraud Optimized Data Orchestration. One Holistic Platform for Fraud and Credit

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How to Power Rapid Approvals and Accelerate Your SME Lending Processes

ON-DEMAND WEBINAR

How to Power Rapid Approvals
and Accelerate Your SME Lending Processes

Book a Meeting

Forty-four percent of SMEs look to funding to meet operating expenses, with this number expected to grow considerably during times of economic uncertainty. Fifty-six percent of SMEs seek funds to expand business operations or pursue new market opportunities. But waiting months or even weeks for credit approval and funding can mean the difference between innovation and business closure.

Traditional financial services organizations may find lending to SMEs difficult, but fintechs are rising to the challenge. Simplified application processes, rapid approvals and access to funds quickly makes working with digital lenders an obviously attractive choice. 

Because if you aren’t making it easy for SMEs to get the credit they need, your competitors will.

Watch this panel discussion of industry experts and discover how to:

  • Power faster, simplified application processes
  • Make smarter, faster decisions and get to market faster
  • Future-proof your decision technology to keep up as market trends/demands evolve
  • Use advanced, predictive analytics like AI to keep risk in check


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

EBOOK

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.

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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


RESOURCES

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