The Fintech Times: What is Holding Back Financial Inclusion?
Financial inclusion and financial capability continue to be top priorities for global governments and financial services providers. Kim Minor, Senior vice President, Global Marketing for Provenir, shares her perspective on the role data and AI can play in closing the gap to inclusive finance.
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
Despite SMEs representing an overwhelming majority of businesses (and jobs) globally, they struggle to gain access to credit. Fintechs are rising to the SME lending challenge, with automated risk decisioning technology that provides instant approvals and speeds up funding from 10+ weeks to only HOURS. Is your decisioning tech up for the challenge?
Read the infographic to learn more on moving your SME lending process into the fast lane.
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.
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.
Welcome Home: The Benefits of Unified Access to AI-Powered Decisioning + Data
What if your decisioning technology came with the same benefits as a smart home system?
Are you working with multiple products, vendors and UIs in order to make decisions? What if you could have a single user interface to manage all of your technology solutions and save you from a disjointed, incomplete view of the credit risk lifecycle?
Check out our latest eBook and discover how one unified solution for data and AI-powered decisioning can change the way you think about your risk strategy. And bring you to the forefront of tech innovation, just like today’s smart homes.
Learn how unified access offers:
Built-in controls to manage risk, security and identity
Preconfigured data integrations to get you up and running quickly and easily
Flexibility to expand as your needs evolve
Automation to improve efficiency and power better user experiences
Ready to get smarter?
The Ultimate Guide to Decision Engines
What is a decision engine and how does it help your business processes?
In the dynamic landscape of the financial services industry, digital transformation has become imperative for organisations seeking to thrive in the digital age. We explore the essential keys to achieving a successful digital transformation journey within the financial services sector.
Leading industry experts will delve into the intricacies of this transformative process, addressing key challenges and providing actionable insights to guide financial institutions towards a digitally empowered future.
Key takeaways from the live discussion:
How digitalisation is impacting financial services and how these institutions are being fundamentally challenged to keep up in today’s increasingly digitally focused market
Strategies for aligning organisational goals with digital objectives to foster a culture of innovation
The importance of placing customers at the centre of digital transformation efforts
Learn how to leverage customer insights, data analytics, and personalised experiences to enhance overall satisfaction and loyalty
Gain insights into building a robust technological infrastructure that supports scalability, agility, and seamless integration
Discuss best practices for continuous monitoring, evaluation, and adaptation in the digital era
Embark on a successful digital transformation journey, to ensure sustained growth and competitiveness in an ever-evolving landscape.
Leaning Into Innovation to Bring Newfound Speed and Accuracy to Credit Risk Modelling
Leaning Into Innovation to Bring Newfound Speed and Accuracy to Credit Risk Modelling
To really level-up decisioning, organizations need more data, more automation, more sophisticated processes, more forward-looking predictions and greater speed-to-decisioning. And to this end, they need AI, machine learning, and alternative data.
In an article in Global Banking & Finance Review, Kim Minor, Senior Vice President, Global Marketing at Provenir, outlines the key findings of a survey which reveal a great state of uncertainty in credit risk modelling, underscoring the need for AI, machine learning, and alternative data.
What’s driving the agenda for fintechs and financial services in 2022?
Pulse and Provenir surveyed 400 decision-makers in fintechs and financial services organizations globally to find out what they believe will be the biggest challenges, opportunities and trends of 2022 and how they plan to address them with data, AI and decisioning.
The Ultimate Guide to Decision Engines
What is a decision engine and how does it help your business processes?
Data on Demand: The Power of Real-Time Data for Risk Decisioning
How real-time data enhances risk decisioning and wins new customers.
In a digital first world everything is available on demand. Consumers expect instant gratification, not just for small things like movies or music, but for everything, including financial services. If you’re not approving a loan application in real-time, there’s a competitor who will.
In our latest ebook, we explore what the future of data for risk decisioning looks like. And, how real-time, on-demand data will:
Enhance decisioning accuracy
Power world-class consumer experiences
Support innovation across your business strategy
Download the ebook today to discover how curating a single source for historical and real-time data simplifies data access, enhances data science and machine learning strategies, and democratizes data use across your organization.
The Ultimate Guide to Decision Engines
What is a decision engine and how does it help your business processes?
