Skip to main content

Provenir for Automating Factoring and Invoice Discounting

DATA SHEET

Provenir for Automating Factoring and Invoice Discounting

Gain the Competitive Edge with Advanced Technology for Integration, Decisioning, KYC and Operationalized Risk Models

Companies that can offer clients simple, efficient factoring and invoice discounting services are the ones that will win more business. But these companies can’t do so at the risk of failing to meet KYC regulations or taking on high-risk clients.

Provenir delivers a unified, vendor-agnostic platform to help your business make the right decisions and make them faster. Leveraging workflow automation, easy integration capabilities and real-time risk analytics and decisioning, Provenir can help you automate and streamline factoring and invoice discounting from start to finish. Instead of days or weeks to complete the process, you can make a decision in just a few minutes to accelerate market growth while reducing risk and ensuring compliance.

  • Cut time and costs with end-to-end workflow orchestration and configurable integration adapters that automatically aggregate information from virtually any internal and external data source.
  • Increase compliance with automated KYC processes that gather data from multiple systems and bureaus, standardize and analyze it to drive a decision.
  • Lower risk with industry-standard financial risk models, including R, SAS, Excel and PMML, easily operationalized within automated risk decisioning processes.
  • Increase business-level control and agility with visual configuration tools to quickly create and change user interfaces, rules, processes and integrations without any programming or dependence on Provenir.
  • Accelerate deployment with the Provenir which offers a highly secure cloud environment with flexible options for domain setup, managed services, deployments and scalability.

Provenir simplifies, automates and streamlines complex factoring and invoice discounting processes to deliver a better client experience, increase efficiency, ensure compliance and reduce risk.

Simplify Integration and Decisioning Processes

  • Pre-built adapters automate data aggregation with quick integration to multiple sources including enterprise and third-party systems, websites, credit bureaus and social media.
  • Workflow orchestration can automatically manage data enrichment, use existing analytic models to determine risk and move to the next step in the process.
  • Straight-through processing supports instant decisioning with no manual intervention where appropriate.
  • Fully-featured document management provides a centralized, enterprise-wide repository that acts as a single source of information for all decisioning and business processes.
  • Customized documents delivered by the latest technology create a socially collaborative customer experience.

Cut Time and Costs for KYC Compliance

  • Integrated KYC/AML workflow automatically identifies, verifies and validates a client.
  • Dynamic business logic can determine compliance or non-compliance and refer an application to the right individual for further analysis.
  • Business-defined rules support specialization, applying the right regulations and ensuring the right data is captured for each client.

Improve Underwriting Efficiency

  • Easy-to-use- model integration adapters allow any risk model or scorecard developed in industry-standard tools, including SAS, R, Excel, or exported using PMML/MathML, to be quickly operationalized in decisioning processes.
  • Rules-driven decisioning applies risk models and scorecards to aggregated data to automatically determine a rating.
  • A visual interface simplifies risk rating on an on-going basis, such as viewing previous or historical ratings, modifying ratings and re-rating.

Learn how easy it really is to operationalize risk models with Provenir.

Get the Risk Models Guide

Increase Business Agility

  • Wizards make it easy to import, validate and map simple and complex risk models and scorecards without any programming.
  • A visual configuration environment provides graphical tools and wizards to rapidly integrate with data sources, develop interfaces, define rules and build workflows.
  • Visual testing capabilities include champion/challenger testing to facilitate “what if” analysis before risk decisioning processes are put into production.

Automate Factoring and Invoice Discounting with Provenir

Download the PDF Version

The Ultimate Guide to Faster Merchant Onboarding

Get the Guide

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Alternative Data – The Champion of Innovative Credit Scoring

INFOGRAPHIC

Alternative Data –
The Champion of Innovative Credit Scoring

How to improve decisioning accuracy and expand your customer base

Traditional credit scores from Credit Reporting Agencies have historically been the only method to determine the risk of lending to an individual. But there are ways to get a much clearer view of a person’s credit risk and make more accurate lending decisions. There are 2.5 quintillion byes of data created globally every day – including various types of alternative data not captured by traditional credit scores.

64% of lenders/credit providers using alternative data see tangible benefits within only a year. Discover why using alternative data is quickly becoming a competitive advantage for lenders.

Want to know how to use alternative data in your credit decisioning?

Get the eBook

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Rapid and Simple Data Integration with Provenir Foundation Adapters

DATA SHEET

Rapid and Simple Data Integration
with Provenir Foundation Adapters

The Provenir Risk Decisioning Platform can substantially reduce the time, resources and costs for implementing sophisticated risk decisioning applications. A core strength of the platform is its pre-built and standards-based integration adapters. These “Foundation Adapters” enable IT organizations to communicate and integrate quickly with other internal and external systems as well as multiple structured and unstructured data sources.

Provenir has designed the adapters for ease of use. IT organizations can create integrations in the visual environment provided by the Provenir Platform without any coding or dependency on Provenir. There is no need to start from scratch each time you want to integrate with another data source — connections can be made rapidly using the pre-built integration components. Each adapter provides:

  • Connectivity, security, transaction support and data conversion/parsing
  • Two way communication
  • A visual or graphical data mapper guides the user through the task of establishing the integration and mapping the required input/output data.
  • Visual testing to check the accuracy of the integration. You can test any integration independently, or place it in a business logic process for a more comprehensive test. Provenir provides instant feedback along with a detailed breakdown of the results to show you exactly what happened during the test.

Adapters for Structured Data Sources

Provenir adapters contain the protocol-specific connection specifications for a wide variety of structured data sources1 including:

  • Web Service – Used for XML, HTTP(S), SOAP or Container-less connections
  • JDBC – Used for IBM DB2, JDBC-compliant DB, MSSQL, MySQL, Oracle connections
  • JMS/Message Queue – Used for WebSphere MQ, MSMQ, Apache Active MQ, Rabbit MQ etc.
  • File – Includes (but is not limited to) Delimited, Fixed Length, Binary, PDF, XML, Word and Excel
  • E-mail – Used to send e-mails, faxes and SMS-based messages
  • TCP/IP – Used to connect to legacy systems, such as older credit bureau protocols
  • SMS – Used to send/receive messages across all channels including mobile phones
  • Web-tracking – Used for run-time customer interaction tracking on the web

Unstructured Data Adapters

Social media now offers a potentially powerful new source of valuable data. However, integrating with social media has proven time-consuming and costly. It is not easy to gain access to the data, connect and pull data from social media sources, or make use of the data because it is not stored in a structured format.
Provenir solves this problem with ready-to-use adapters that function as gateways to key social media sites including Twitter and Facebook. Leveraging the connectivity exposed by these sites, Provenir’s social media adapters offer a standardized approach to accessing unstructured data, including a visual configuration interface to create the connection and define what to listen for on a site.

  • The Facebook adapter enables clients to listen for posts on Facebook pages and, when available, use information about the person who posted the message to determine a course of action in response to a post.
  • The Twitter adapter allows clients to:
    • Send tweets
    • Listen for tweets, or specific words in a tweet
    • Reply to a tweet
    • Re-tweet
    • Find followers
    • Determine if specific person is a follower
    • Determine if two accounts are following each other
    • Send a private direct message to a follower
    • Receive timeline and information for a specific user

Provenir Foundation Adapters eliminate the need for extensive coding or one-off integrations to multiple structured and unstructured data sources.  

Creating Data Integrations

Creating an integration between Provenir and structured or unstructured data sources is as simple as selecting it from the Add list on the Adapters tab.

Once added, each adapter can be configured to describe the input and output integration between Provenir and the data source.

Configuring a Structured Data Integration

Provenir guides you through each step in the process of configuring an integration, such as this example of using Provenir’s Web Service Adapter to connect to Experian NetConnect, which pulls Experian business and consumer reports over HTTPS.

Easy-to-follow wizards are used to configure both the input and output data values.

You map the Experian element to Provenir, defining how to store the Experian response data in your schema.

Provenir also allows you to use individual fields from the Experian response data in your business logic. When you choose this option, Provenir automatically adds the full xml to your data schema.

Provenir combines the schema and mapping logic that you have defined with the adapter to automatically create the integration.

Configuring an Unstructured Data Integration

Provenir approaches integration with an unstructured data source in the same way as for a structured source. Configuration starts with establishing the physical connection between Provenir and the source, such as Twitter.

Provenir then guides you through the process of setting up each aspect of the Twitter profile, such as the Listen function where you can track for specific words in tweets or specific users.

You map the fields to be used in the desired business process that are available in received tweets, such as text fields which contain a tweet’s text, user/id that contains a number ID of the person who sent the tweet and user/screen_name which is the Twitter user name of the individual who sent the tweet.

Download the PDF Version

The Ultimate Guide to Faster Merchant Onboarding

Get the Guide

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Don’t Keep Customers Waiting Make Risk Decisions in Seconds

DATA SHEET

Don’t Keep Customers Waiting
Make Risk Decisions in Seconds

Provenir for Retail Financing

Today, consumers are used to simple and fast digital interactions with instant banking and one-click shopping from their mobile phones. This expectation for speedy online service now extends to more complex interactions like loans. Whether you are a telecommunications company offering loans for mobile phones or a rent-to-own store which provides loans for furnishings, your clients demand a quick risk decision.

Provenir can help you deliver a timely, hassle-free credit or loan experience. Using the Provenir Risk Decisioning Platform, it’s easy to automate your credit and lending processes, making them as efficient as possible while minimizing risk and staying compliant. You can substantially cut the time and cost for creating and maintaining complex credit and risk decisioning solutions to:

  • Make decisions in seconds/milliseconds. Take advantage of instant, straight-through processing for credit and lending requests and automated next-best-action recommendations for requests requiring further underwriting analysis.
  • Integrate to structured and unstructured data sources in hours. Pre-built adapters automatically consolidate information from virtually any enterprise and third-party data source.
  • Operationalize risk models in minutes. Provenir is model-agnostic so that you can use any model or scorecard developed in industry-standard tools such SAS, R, Excel and Python within your decisioning processes.
  • Be completely independent from your IT organization or Provenir. Simple to use visual tools let you rapidly create, test and deploy automated risk analysis and decisioning processes for immediate response to changing regulations, market conditions, customer profiles, business opportunities and competitive challenges.
  • Accelerate deployment with the Provenir Cloud. A highly secure cloud computing environment offers flexible options for domain setup, managed services, deployments and scalability.

Rent-A-Center Implements Provenir Cloud to Better Serve Growing Customer Base

“The Provenir platform’s scalability and rich functionality provide significant value to Rent-A-Center’s growth plans and transformation,” said Mark Denman, EVP of Acceptance Now at Rent-a-Center. “By implementing Provenir Cloud to process customer lease applications, we will increase speed, improve delivery and provide our customers better, faster access to our products and services.”

Rent-A-Center provides furniture, electronics, computers and household appliances under rent-to-own agreements. It is publicly listed with more than 3,500 stores in the US, Canada, Mexico and Puerto Rico and revenues totaling $3.28 billion in 2015.

Read the Case Study

Lewis Group Makes Risk Decisions in Seconds Using the Provenir Platform

The Provenir Risk Decisioning Platform has significantly cut the time required to implement and change decisioning policies. “Provenir’s built-in repository and change management system makes entertaining such requests almost a pleasure,” says Willie Van Zyl, Senior Solutions Analyst at Lewis. For example, it took less than half a day to integrate a new SAS dataset and retrieve an indicator used to print a special promotional message on a customer’s statement. Previously, such a change would have taken more than a week and costs would have outweighed the benefit.

In stores, the Provenir platform enables the majority of application credit decisions to be made in just a few seconds once the required information is captured. Borderline applications are automatically referred to underwriters for further analysis. The credit maintenance solution aggregates data and automatically evaluates each customer’s credit performance, allowing Lewis to quickly identify at-risk customers as well as additional opportunities to extend credit.

Lewis is a leading African retailer selling household furniture and electrical appliances through the brands of Lewis, Best Home and Electric and Beares. Lewis has 716 stores across all metropolitan areas with a strong presence in rural South Africa.

Read the Case Study

Ten Fintechs Using Alternative Data for Financial Inclusion

Read the Blog

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Back to the Future: 8 Features of Fast and Future-Proof BNPL Technology

EBOOK

Back to the Future: 8 Features of Fast and Future-Proof BNPL Technology

Discover the BNPL technology features that will help you drive greater financial inclusion

Over the past year, Buy Now, Pay Later products have gone from interesting new option to a household staple. The growing consumer comfort levels with BNPL features and products has opened up an opportunity for lenders to create offerings that can drive financial inclusion across the APAC region and help millions of people move from credit invisible to credit worthy. 

To attract and support consumers on this journey, you don’t just need technology that gets you to market quickly, you need technology that empowers you to make smarter credit risk decisions with alternative data.

In our latest eBook, we explore the 8 decisioning and analytics technology features that will prepare you to:

  • Power world-class onboarding experiences
  • Access and use the alternative data you need to make smarter credit decisions
  • Get deeper insights into your risk decisioning performance

Our Customers are Disrupting the Industry

Provenir Customers

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Using Salesforce for Credit/Loan Origination and Risk Decisioning

DEMO

Using Salesforce for
Credit/Loan Origination and Risk Decisioning

“Using Provenir’s configurable integration adaptors, GM Financial defined integrations with credit bureaus and a multitude of internal and external systems. This has helped the company not only reduce processing time, but has also increased transparency into the process.”

Senior Vice President Dealer Services at GM Financial

Just like GM Financial, Provenir clients are using the Provenir Salesforce adapter to enhance and optimize processes such as

But salesforce integration is not easy. In this demonstration you will see how Provenir can help you:

  • Automate complex analytics and decisioning processes from your Salesforce environment
  • Pair sophisticated intelligence and risk analytics with Salesforce for predictive cross-sell and upsell campaigns
  • Integrate various structured and unstructured data sources with your Salesforce environment to create a powerful risk strategy ecosystem
  • Keep a single set of integrated data across systems to avoid duplication or compliance concerns and to capitalize on real-time risk processes

Also read: Credit Risk Underwriting

The Ultimate Guide to Decision Engines

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

Read the Blog


LATEST BLOGS

Continue reading

Loan Origination for Credit Unions

DATA SHEET

Loan Origination
for Credit Unions

Credit Unions are known for their ability to provide excellent member service, and have the flexibility to be more personal than the big bank. However, many Credit Unions struggle to find the balance between a technology-driven lending market and the hyper-personal experience they provide. How does the Credit Union keep its identity while marketing itself to an increasingly automated world?

Growing Credit Unions need systems that provide automation for speed and flexibility, along with segmentation and integration that ensure a personalized member experience. And all of this must be done without the need for an IT team or cumbersome vendor relationship.
That’s why Provenir does the hard work of simplifying your loan origination experience. Innovative, user-focused tools empower Credit Unions to easily roll-out member-focused credit and lending processes. With Provenir, you can:

  • Launch configurable online credit applications and member portals
  • Automate risk decisioning and offer instant credit scoring
  • Rapidly integrate with any data source using visual adapters, including credit bureaus, alternative bureaus, and web applications
  • Streamline KYC, AML and member onboarding processes for simplified compliance
  • Engage qualified members across multiple channels with pre-approval offers based on historical data analysis and powerful member segmentation capabilities
  • Enable business users to create and change decisioning processes and UI in minutes

It all adds up to higher customer satisfaction, greater efficiency, lower risk and unprecedented simplicity.

User-friendly Technology to Empower Growth

Flexible End-to-End— Provenir’s unified platform future proofs your investment. It offers a complete solution for managing virtually any risk analytics and decisioning workflow such as loan origination, merchant onboarding, KYC/AML, credit risk decisioning, behavioral and predictive scoring and collection strategies. All with the flexibility to use only the tools you need.

Agile Configuration Visual configuration tools promote business agility and independence. Create, change and deploy user interfaces, rules, process flows and integrations without high-cost vendor engagement or extensive coding.

Simplified IntegrationPre-built adapters cut integration effort. Quickly integrate with internal and external databases, CRM systems, websites, social channels and data bureaus to automatically aggregate all the data needed for accurate decision making.

Operationalized Analytics— Provenir makes it easy to operationalize risk models developed in industry-standard analytics tools, including SAS, R, Excel or any tool that supports PMML or MathML. Provenir runs models natively, enabling less testing, quicker time to benefit, and the ability to design and test once, use anywhere. You can connect models to a decisioning process in minutes and without any coding, ensuring risk decisioning is always using the most up-to-date intelligence.

Orchestration Hub— End-to-end orchestration streamlines every step in the process. Provenir’s platform automatically captures and enriches data, uses existing analytic models to determine the risk profile and moves the decision to the appropriate next step.

Underwriting Task Management— For exceptions that require further underwriting, Provenir’s task management starter kit will keep cases moving quickly. And, if your underwriting process changes, Dynamically configurable UI tools allow for simple, drag-and-drop updates.

Also read: What is credit underwriting?

Powerful User Experience— Provenir’s Dynamic UI gives you the tools you need to build rich online credit applications and member portals. A library stocked with pre-built apps, paired with dragand-drop development, means you’re already on your way to a digital lending experience without a single line of code.

The Ultimate Guide to Faster Merchant Onboarding

Get the Guide

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Provenir Explainer Video

DATASHEET

Provenir Explainer Video

Provenir Explained in Less Than 2 Minutes

At Provenir, we help make risk decisions for payments, lending, and credit applications within seconds or milliseconds. Our visual configuration tools drive business and IT collaboration in a code-free environment, empowering users to create, test, and deploy, automated risk analytics and decision processes in minutes. Our pre-built adapters offer flexibility to integrate with virtually any structured and unstructured data source quickly, and the model agnostic platform operationalizes scorecards and risk models in hours. Also with the Provenir, you have the option of a complete software-as-a-service system that cuts deployment time drastically. At Provenir, we want your organization to experience risk decisions simplified. To see a demo or speak with a representative.

Learn how easy it really is to operationalize risk models with Provenir

Get the Guide


LATEST BLOGS

Continue reading

If You Can’t Onboard your Merchants in Minutes, Your Competitors Can

EBOOK

If You Can’t Onboard your Merchants in Minutes, Your Competitors Can

When it comes to merchant onboarding, speed can be make or break. Agile, tech-forward acquirers know this and have raised the bar for competitors who must balance speed, compliance, and risk management in the onboarding process.

This 5-page Whitepaper Discusses:

  • The complexity of the merchant onboarding processes.
  • The data and integration challenges that acquirers face while determining the credit-worthiness of a merchant.
  • How automation is drastically shifting merchants’ expectations of the onboarding experience.

The Ultimate Guide to Decision Engines

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

Read the Blog

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading

Proactively Identify Borrowers Most Likely to Respond

DATA SHEET

Proactively Identify Borrowers
Most Likely to Respond

What if you could proactively identify and target qualified account holders?

Imagine spending tens of thousands of dollars on a direct mail campaign to your customer base, only to find that half of your audience received an offer that’s not a good fit, or worse is entirely irrelevant to them. With Provenir, you can automate pre-qualification campaigns based on real consumer data to make the most out of your marketing dollars. Identify which of your customers meet your institution’s lending criteria and are most likely to buy the product you’re offering, then send personalized pre-approved offers to those customers. And, when it’s time for renewal, let Provenir automate the renewal process to keep those customers around for the long-haul.

With Provenir for Cross-sell & Upsell Opportunities, you’re proactively staying top of mind with those customers who might otherwise be shopping around with competing lenders.

Provenir Risk Decisioning Platform Key Capabilities

  • Simplify data gathering using pre-built, configurable integration adapters to capture data from structured and unstructured sources.
  • Operationalize your risk models developed in industry-standard analytics tools in minutes and without any coding.
  • Streamline every step with end-to-end process orchestration.
  • Let business users design, test, deploy and change marketing processes with code-free visual configuration tools.
  • Accelerate deployment with Provenir, which offers a highly secure cloud computing environment.

Accelerate Revenue with Targeted Cross-Selling and Upselling

Too often, cross-selling and upselling initiatives deliver generic offers without regard to the customer or the suitability of the recommended product or service, leading to excess marketing costs, poor acceptance rates and higher risk.

With Provenir, you can implement dynamic cross-selling and upselling strategies that directly address each individual’s interests. Provenir’s risk decisioning engine can leverage your customer data and risk analytics to generate personalized recommendations in real time. Drive more sales during onboarding and servicing engagements with additional buying opportunities that are appropriate to the customer and calibrated to the customer’s risk level.

Proactively Retain Customers

Knowing when a customer is coming to the end of a contract can be a great opportunity to increase retention. Companies need an efficient way to proactively identify when retention efforts should be made and what those efforts should be.

With Provenir, you can simplify that renewals process. Combining Provenir’s business-friendly integration capabilities with its rules-driven decisioning and workflow, you can quickly establish assessment criteria and automate the renewal process. Provenir makes it easy to know when customers are coming up for renewal and how their circumstances may have changed to make offers that retain customers at the right level of risk.

Maximize the Value of Marketing Campaigns

Gaining new customers can be costly with one-size-fits-all campaigns that result in low response rates. Provenir can help you identify the right audience by pre-scoring prospects using information you have through public records for your marketing campaigns. Provenir’s pre-built, quickly configured adapters let you tap into the growing volume of publicly available information about potential customers, such as websites and social media. Using Provenir’s risk decisioning capabilities, you can match prospects to offers that are best aligned to their needs and risk levels. Easy integration with your campaign management system means you can use this insight to deliver highly targeted campaigns that yield more customers and more sales.

Download the PDF version

The Ultimate Guide to Faster Merchant Onboarding

Get the Guide

RESOURCE LIBRARY

Consumer Duty Regulation for Credit Risk
Blog, Credit Risk Mgmt /

Consumer Duty Regulation for Credit R...

BLOG What is Consumer Duty Regulation for Credit Risk in the UK ... Read More →
TDS Mini: Reducing Biases with Alternative Data and AI
Podcast, AI, Data /

TDS Mini: Reducing Biases with Altern...

PODCAST TDS Mini:Reducing Biases with Alternative Data and AI Fair and accurate: ... Read More →
Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’
News, Awards /

Provenir Garners Credit Strategy Lend...

NEWS Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best ... Read More →

Industry Leaders Prefer Provenir

DATA SHEET Industry Leaders Prefer Provenir In the dynamic landscape of financial ... Read More →
Information Age: How Buy Now, Pay Later Technology Works
News, BNPL /

Information Age: How Buy Now, Pay Lat...

NEWS Information Age:How Buy Now, Pay Later Technology Works BNPL is here ... Read More →
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
News, AI /

CFO Deep Dive: Why AI Can Be A Game-C...

NEWS CFO Deep Dive:Why AI Can Be A Game-Changing Hidden Key? In ... Read More →
provenir logo
Blog, Financial Services /

Maximizing Customer Value in Financia...

BLOG Navigating the Economic Landscape:Maximizing Customer Value in Financial Services How the ... Read More →
What is Banking as a Service (BaaS): Exploring BaaS Trends in 2023
Blog, Banking /

What is Banking as a Service (BaaS): ...

BLOG What is Banking as a Service (BaaS):Exploring BaaS Trends in 2023 ... Read More →
Today’s Data Will Not be Enough Tomorrow
News, Data /

Today’s Data Will Not be Enough Tomor...

NEWS Today's Data Will Not be Enough Tomorrow Listen in to the ... Read More →
AI ‘Fit for the Fraud Fight’
News, AI /

AI ‘Fit for the Fraud Fight’

NEWS AI ‘Fit for the Fraud Fight’ Artificial intelligence is undoubtedly one ... Read More →
Lending process for SMEs seen faster with AI
News, AI, SME Lending /

Lending process for SMEs seen faster ...

NEWS Lending processfor SMEs seen faster with AI According to the World ... Read More →
Provenir Recognized as Best Credit Risk Solution in the Global BankTech Awards 2023
News, Awards, Banking /

Provenir Recognized as Best Credit Ri...

NEWS Provenir Recognized as Best Credit Risk Solutionin the Global BankTech Awards ... Read More →
Auto Loan Origination: Is the Dealer Still King in 2023?
Blog, Auto Financing /

Auto Loan Origination: Is the Dealer ...

BLOG Auto Loan Origination:Is the Dealer Still King in 2023? In the ... Read More →
Webinar, SME Lending /

SME Lending in MENA: Leveraging Data ...

ON-DEMAND WEBINAR SME Lending in MENA:Leveraging Data + AI for Smarter Decisions ... Read More →
Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion
News, Customers, Decisioning /

Autochek Africa selects Provenir’s Ri...

NEWS Autochek Africa selects Provenir’s Risk Decisioning Platform to Accelerate Expansion Provenir’s ... Read More →

Continue reading