Leveraging AI to Power More Personalized and Profitable Customer Relationships
Use of risk decisioning platforms often focuses on onboarding and loan origination, however investment in the beginning of the customer journey is only the start. A financial institution’s growth depends not only on attracting new customers, but also on maximizing the value of its existing customer base.
In this Financial ITfeature, Kathy Stares, EVP, North America for Provenir, outlines the tools financial institutions can use to enable more accurate, faster decisions across the customer lifecycle to provide a superior experience and retain loyal customers (pages 32-33).
TDS Mini: Reducing Biases with Alternative Data and AI
Fair and accurate: these are the hallmarks every lender strives for when making risk decisions.
But the truth is, humans can’t always achieve that goal on our own. That’s why the use of AI and alternative data has been such an exciting development for credit providers – they can help improve financial inclusion and power credit decisions that have the potential to change lives.
In this TDS Mini, join Finovate’s David Penn and Provenir’s Carol Hamilton for an overview on the impact of these tools and best practices for using them.
CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?
In today’s fast-paced business landscape, the role of the Chief Financial Officer (CFO) has evolved beyond traditional financial management to encompass strategic decision-making. With the advent of Artificial Intelligence (AI), CFOs now have a powerful ally in their quest for more informed and strategic financial decisions. DigitalCFO Asia recently engaged in a conversation with Andres Elizondo, Chief Financial Officer at Provenir. In this enlightening discussion, he explored the profound impact of AI, encompassing its ability to deliver invaluable insights and its promising future role in shaping financial decision-making.
Artificial intelligence is undoubtedly one of the biggest — if not the biggest — buzzwords in technology today.
From chatbots and virtual assistants to autonomous vehicles and facial recognition, the broad application of such tech is having a profound, effective change around the world in myriad fields. One area ripe for AI is fraud prevention for financial services providers and fintechs.
In this interview with Fintech Nexus, Brendan Deakin, general manager of the U.S. market for Provenir, discusses why AI is “fit for the fraud fight.”
According to the World Bank, access to capital is the second most cited obstacle faced by SMEs in growing their businesses in emerging markets and developing countries. In this exclusive interview with BusinessWorld, Bharath Vellore, General Manager, APAC for Provenir, discusses how access to alternative data and AI can help shorten loan application processes for SMEs to less than 24 hours from 10 or more weeks under traditional lending institutions.
Deploying technology to meet members’ needs these days—wherever they are in their financial services journey—increasingly means leaning into artificial intelligence and predictive analytics. But taking the AI bull by the horns isn’t the right approach for every credit union so how and where is AI best utilized by credit unions?
In this Credit Union Management article, Michael Fife, SVP at Provenir, shares four use cases to help credit unions determine where and when AI is best inserted in their tech stack.
TDS Mini: Want to Launch AI/ML? You Need a Data Detox
AI, banks vs fintechs, alternative data – how do all of these hot topics fit together?
Get the whole picture with a quick, insightful look at emerging technology and the future of fintech with Provenir’s Chief Product Officer, Carol Hamilton, and Finovate’s VP and Director of Fintech Strategy, Greg Palmer.
As Africa’s digital landscape continues to evolve, the use of data and AI in banking has become increasingly important in driving and enhancing financial inclusion across the continent. Today, as many as 57% of Africans and up to one-third of all adults globally lack any type of bank account, making it difficult to evaluate creditworthiness using traditional methods. This large population of unbanked individuals represents significant growth for innovative organizations.
How can fintechs and digital banks begin this journey to remove barriers to financial inclusion and expand their potential audiences? By combining data with the power of AI, financial service providers can leverage new insights to support financial inclusion while mitigating risk.
Our panel of experts will discuss how financial service providers are doing just that to redefine banking services and products that cater to the unique needs of the unbanked and underserved populations in Africa.
Topics include:
Understanding how simplified access to alternative and non-traditional data can reshape your business
How the current approach to determining risk profiles impacts the unbanked population and gaps using only traditional data leaves in determining credit risk
How alternative data and advanced analytics can catalyze financial inclusion while reducing risk and fraud
The role of alternative data in the larger picture of tech-enabled financial inclusion
Actionable steps you can take to incorporate alternative data into your decisioning
Infrastructure Talents are Some of the Challenges Finance Industry Faces in Adopting AI: Provenir
Bharath Vellore, Provenir’s General Manager of APAC, recently spoke to e27 about the increasing number of case studies for AI in the financial industry such as fraud identification, credit scoring and risk management. He also outlined key considerations organizations should consider to implement AI successfully.
Provenir to Start Supplying Quick Finans with AI Functionality
Provenir continues to meet the increasing demand for its AI-Powered Data and Decisioning Platform around the globe. This Payment Expert article discusses how Provenir is expanding its global partnerships network in Turkey by partnering with Quick Finans to quickly approve and onboard its new customers.
Quick Finans is one of the multiple international deals Provenir has signed, including DeltaPay, a BNPL provider in Africa aid focused on increasing the financial inclusion rates in Africa.
