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Divorce, Data, Disruption: Oh My!

PODCAST

Divorce, Data, Disruption:
Oh My!

Divorcing your bank, debunking long-standing myths, advancing emerging tech, and approaching data ethically…

What do these topics all have in common? They’re innovative ideas our thought leaders have shared with us in our very first season of The Disruptor Sessions.

We’ve loved having fascinating conversations with our brilliant guests, so for our final episode of 2023, we’re looking back at some of the hot topics we couldn’t stop talking about. Tune in for global insights on financial inclusion, artificial intelligence, alternative data and open banking, and – our bread and butter – innovation across financial services. 

We hope you’ve enjoyed season 1 and we can’t wait to see you again next year for season 2!

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Tune into our Podcast on Apple or Spotify by clicking the icons below.

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The Panelists:

  • Aaron Webster

    SoFi’s Aaron Webster Wants to Make It Easier to Divorce Your Bank

    What’s SoFi’s secret to differentiation in a crowded fintech ecosystem? Where should we look to find the next big disruption for American financial services? North America host Kathy Stares sits down with SoFi’s Chief Risk Officer, Aaron Webster, to answer these questions and more in our very first episode of The Disruptor Sessions.

  • Nidhi Verma

    TransUnion’s Nidhi Verma Introduces the New Kids on the (Credit) Block

    Though they used to be invisible, today they might be the future of the credit market. On this episode of The Disruptor Sessions, we’re exploring the new-to-credit (NTC) population. Though they used to be invisible, today they might be the future of the credit market.

    North America host Kathy Stares (Provenir’s EVP, Americas) and TransUnion’s VP of International Research and Consulting, Nidhi Verma, discuss the immense opportunities in engaging this powerful group. Drawing from TU’s recent report on NTCs, they debunk the myths around risk, define the business case for financial inclusion, and develop a vision of what the future of financial inclusion could look like globally.

  • Kike Fashola & Ceci López

    Carbon’s Ceci López and Kike Fashola Are Banking on Nigerian Fintech Innovation

    These risk leaders are disrupting the status quo across Africa’s fintech landscape. In our first MEA-focused episode, host Adrian Pillay sits down with digital bank Carbon’s Ceci López (Head of Decisioning) and Kike Fashola (Chief Risk Officer) to take a look at the relationship between risk and reward and the future of fintech in Nigeria.

    They dig into topics like using data science to support innovation, how to drive adoption of emerging tech in an emerging market, and some of the implications we may not always think of when we talk about AI in risk management.

  • Costin Mincovici

    tbi Bank’s Costin Mincovici Wants to See More ‘Aha’ Moments in Digital Banking

    Costin Mincovici, tbi Bank’s Chief Credit Officer, is a risk leader that likes to say yes. Yes to mobile-first financial services, yes to digital banking disruption, and yes to multi-country risk strategies that offer the accessible experiences that can make or break a provider.

    He shares his insights with our EMEA host and Provenir’s regional leader, Frode Berg. They explore everything from the ethical implications of data usage, to market approaches that protect the interests of both the customer and bank, to the “aha” moments Costin hopes to see more of across fintech.

  • Aaron Webster

    SoFi’s Aaron Webster Wants to Make It Easier to Divorce Your Bank

    What’s SoFi’s secret to differentiation in a crowded fintech ecosystem? Where should we look to find the next big disruption for American financial services? North America host Kathy Stares sits down with SoFi’s Chief Risk Officer, Aaron Webster, to answer these questions and more in our very first episode of The Disruptor Sessions.

  • Nidhi Verma

    TransUnion’s Nidhi Verma Introduces the New Kids on the (Credit) Block

    Though they used to be invisible, today they might be the future of the credit market. On this episode of The Disruptor Sessions, we’re exploring the new-to-credit (NTC) population. Though they used to be invisible, today they might be the future of the credit market.

    North America host Kathy Stares (Provenir’s EVP, Americas) and TransUnion’s VP of International Research and Consulting, Nidhi Verma, discuss the immense opportunities in engaging this powerful group. Drawing from TU’s recent report on NTCs, they debunk the myths around risk, define the business case for financial inclusion, and develop a vision of what the future of financial inclusion could look like globally.

    Kike is a graduate of Covenant University, where she majored in Industrial Mathematics.

    Kike is a positive and proactive individual who is always looking for ways to improve. She is not afraid to challenge the status quo and is always looking for the silver lining.

  • Kike Fashola & Ceci López

    Carbon’s Ceci López and Kike Fashola Are Banking on Nigerian Fintech Innovation

    These risk leaders are disrupting the status quo across Africa’s fintech landscape. In our first MEA-focused episode, host Adrian Pillay sits down with digital bank Carbon’s Ceci López (Head of Decisioning) and Kike Fashola (Chief Risk Officer) to take a look at the relationship between risk and reward and the future of fintech in Nigeria.

    They dig into topics like using data science to support innovation, how to drive adoption of emerging tech in an emerging market, and some of the implications we may not always think of when we talk about AI in risk management.

    He has held various leadership roles at leading Credit Risk companies such as TransUnion, Dun & Bradstreet, Experian and FICO. He is Vice President of Sales at Provenir, and is responsible for its business in Middle East and Africa.

  • Costin Mincovici

    tbi Bank’s Costin Mincovici Wants to See More ‘Aha’ Moments in Digital Banking

    Costin Mincovici, tbi Bank’s Chief Credit Officer, is a risk leader that likes to say yes. Yes to mobile-first financial services, yes to digital banking disruption, and yes to multi-country risk strategies that offer the accessible experiences that can make or break a provider.

    He shares his insights with our EMEA host and Provenir’s regional leader, Frode Berg. They explore everything from the ethical implications of data usage, to market approaches that protect the interests of both the customer and bank, to the “aha” moments Costin hopes to see more of across fintech.


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Alternative Data in Credit Decisioning: Meeting the Demands of the Expanding Canadian Financial Services Market

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Alternative Data in Credit Decisioning:
Meeting the Demands of the Expanding Canadian Financial Services Market

It’s a challenging time in the Canadian market. Between high interest rates, inflation stubbornly sticking at close to 4% and consumers’ fear of a potential recession starting to curb spending, it’s hard to find the growth we need to fuel our businesses. At the same time, competition has never been stiffer. In this op-ed, Cheryl Woodburn, Country Manager for Canada at Provenir, shares two market trends that are offering growth opportunities for all types of lenders.

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Provenir Named Winner of ‘Data Initiative of the Year’ in the 2023 US Fintech Awards

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Provenir Named Winner
of ‘Data Initiative of the Year’ in the 2023 US Fintech Awards

The company’s AI-Powered Risk Decisioning platform continues to garner industry accolades for excellence in driving success for financial institutions in 50 countries worldwide

Parsippany, NJ Nov. 6, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named winner of the “Data Initiative of the Year” category for the 2023 US Fintech Awards. Winners were unveiled during an awards ceremony at The Edison Ballroom in New York City on Nov. 2.

The US Fintech Awards is a key benchmark by which financial services modernization and technological progress in the world’s premier financial services center are judged. The awards program is organized by FinTech Intel, the global market intelligence platform for financial services technology.

“This is a tremendous honor for Provenir and we thank the judging panel for recognizing the innovation our technology delivers to financial institutions in decisioning at every turn throughout the customer lifecycle,” said Kathy Stares, Executive Vice President for North America, Provenir. “Through a unique combination of universal access to data, simplified AI, world-class decisioning technology and holistic case management capabilities, Provenir provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle.”

Provenir brings together the power of decisioning, data, AI and case management via its AI-powered Risk Decisioning platform. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, access to financial services, business agility, and more.

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TDS Mini: Reducing Biases with Alternative Data and AI

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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.

Watch the full discussion

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Tune into our Podcast on Apple or Spotify by clicking the icons below.

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The Panelists:


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Today’s Data Will Not be Enough Tomorrow

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Today’s Data Will Not be Enough Tomorrow

Listen in to the Mexico Business Now podcast featuring José Luis Vargas, Executive Vice President and General Manager, LATAM for Provenir as he discusses how the fintech sector in Mexico is leveraging real-time decisioning solutions to drive innovation, improve financial services access, and cater to the evolving needs of the population.

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Provenir Named ‘Data Company of the Year’ in the Tearsheet Data Awards 2023

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Provenir Named ‘Data Company of the Year’
in the Tearsheet Data Awards 2023

Provenir’s AI-Powered Risk Decisioning Platform is recognized for excellence as one of the best data products, services, and brands powering the modern financial system

Parsippany, NJ September 12, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named “Data Company of the Year” in the Tearsheet Data Awards 2023. Provenir’s AI-Powered Risk Decisioning Platform is used by fintechs and financial institutions in more than 50 countries to process more than 4 billion transactions annually.

The Tearsheet Data Awards is the industry’s top awards program, recognizing and celebrating the best data products, services, and brands powering the modern financial system. As apps and institutions further integrate, data and data sharing have become the building blocks of modern finance. Entire ecosystems are being built around financial institutions and fintechs that incorporate rich and impactful information about their customers.

“Provenir is pleased to be recognized as ‘Data Company of the Year’, as fintech innovation has exploded across every part of financial services, creating a customer-first world that demands more from data,” said Kathy Stares, Executive Vice President, North America, for Provenir. “Provenir’s AI-Powered Risk Decisioning Platform delivers automated decisioning, providing more informed decisions across the customer journey. With data more accessible and usable, financial services organizations can automate complex decisions by turning predictions into decisions that drive world-class customer experiences.”

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Fireside Chat: Maximizing Member Experiences with Better Technology, Data + Automation

ON-DEMAND WEBINAR

Fireside Chat:
Maximizing Member Experiences with Better Technology, Data + Automation

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How Real-Time Data Can Power Instant Decisions and Superior Member Experiences

Do you find it challenging to balance your members’ increasing demands for fast, automated approvals, with the personal, friendly experience you’re known for? You aren’t alone. But utilizing technology that enables better consumer experiences and the automation of data integration and credit risk decisions can help – ensuring speed and agility, while still offering a more personalized member experience. 

Join Provenir and Inovatec for a fireside chat where we’ll be sharing insights on how better data means better decisions – for your business and for your members. 

Key Highlights:

  • Gain valuable insight into the latest consumer and industry trends, including specific case study examples
  • The ways integrating real-time data, including alternative data sources, can help you manage risk, explore new channels via custom portals, and respond to market changes faster
  • How to utilize advanced analytics to optimize pricing and make more personalized offers to your members
  • Why a unified solution for data and decisioning drives the agility and flexibility needed to power exceptional member experiences
  • How to improve fraud detection and prevention with real-time data access so you can focus on your creditworthy members
  • Ways to maximize the value of your members beyond onboarding, including post-loan management, personalized upsell/cross-sell/renewal offers, collections strategies and more

Speakers:

  • Bob Metodiev

    Inovatec, Head of Business Development

  • Cheryl Woodburn

    Provenir, Country Manager, Canada


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Maximizing the Value of Your Customers: Better Data = Better Results

ON-DEMAND WEBINAR

Maximizing the Value of Your Customers:
Better Data = Better Results

Book a Meeting

With a shifting economic landscape and increasingly high expectations from consumers (including instant credit approvals, rapid onboarding, personalized offers, and superior experiences), how can lenders enable growth across their lending portfolio while still mitigating risk? The key is data.

Better data = smarter, more accurate risk decisions, at onboarding and beyond. In this discussion, we’ll look at how the right data is key for lenders to generate revenue growth and maximize the value of both prospects and current customers.

Key takeaways:

  • Improving fraud detection and prevention with real-time data access so you can say yes to more creditworthy customers
  • How to ensure more accurate underwriting, so you can continue to grow your revenue, even in challenging economic times
  • Ways to maximize customer value beyond onboarding, including post-loan management, personalized upsell/cross-sell/renewal offers, collection strategies and more
  • Industry trends, including embedded finance and open banking – and why the right data is key to success

Speakers:

  • Kathy Stares

    EVP Americas, Provenir

  • Al Periu

    CEO Americas, Zilch

  • Chris Martin

    VP Head of Digital Product, Regional Finance

  • Bridget Hussain

    VP Consumer Lending, UNFCU


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Working with Alternative Data: A Roadmap

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Working with alternative data:
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Alternative data helps lenders score previously difficult-to-serve groups like thin- and no-file customers. Lenders seeking to serve those client groups need the right technology in place. In this interview with Fintech Nexus, Kathy Stares, Executive Vice President, North America for Provenir, discusses the value of alternative data, the types of technology needed to extract the most value and how organizations can prepare to best leverage insights from alternative data and maximize their benefits from technology.

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Shining the Light on Credit Invisibility with Alternative Data

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Shining the Light on Credit Invisibility
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Many individuals around the globe lack a traditional credit history. It’s estimated that nearly 80 percent of adults worldwide are either underbanked or unbanked. Without acknowledging this and taking the requisite action, the industry will remain prejudicial and oppressive by default. But a desire to change must be paired with the capacity to push credit decisioning to the edge.

In this Financial IT article, Kathy Stares, Executive Vice President, North America for Provenir, shares her observations on how lenders can overcome bias, ensure equal access to credit – even for those without formal credit histories – without sacrificing their risk strategy.

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