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Industry: Financial Services

Leaning Into Innovation to Bring Newfound Speed and Accuracy to Credit Risk Modelling

NEWS

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.

Read the full article at Global Banking & Finance Review.

The Ultimate Guide to Decision Engines

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

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2022 Global Fintech Agenda

INFOGRAPHIC

2022 Global Fintech Agenda

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?

Read the Blog

RESOURCE LIBRARY

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
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Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
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News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

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Data on Demand: The Power of Real-Time Data for Risk Decisioning

EBOOK

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?

Read the Blog

RESOURCE LIBRARY

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
News ::

News: Embracing the Soon-to-Be $228 B...

Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
News ::

News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

Continue reading

Auto Financing – Drive a Better Consumer Experience

INFOGRAPHIC

Auto Financing – Drive a Better Consumer Experience

Auto Financing – Drive a Better Consumer Experience

Did you know that all it takes is 90 minutes in a dealership for customer satisfaction to decline? Whether your customers are purchasing cars, trucks, motorcycles, RVs or even boats, the faster and smoother you can make the experience, the better. Get in the fast lane and discover how to accelerate the auto lending experience with automated risk decisioning tools.

Make your auto financing process more like Netflix, and less like Blockbuster. Download our ‘Netflixing Auto Financing’ eBook to learn more.

Ready to accelerate your auto financing strategy?

Get the guide

RESOURCE LIBRARY

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
News ::

News: Embracing the Soon-to-Be $228 B...

Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
News ::

News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

Continue reading

Datasheet: Accelerate Auto Financing

DATA SHEET

Accelerate Auto Financing

Drive More Business with Provenir

Automated data aggregation and decisioning, real-time time approvals and advanced analytics – learn more about accelerating the auto lending process for a superior customer experience.

Ready to accelerate your auto financing strategy?

Get the guide

RESOURCE LIBRARY

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
News ::

News: Embracing the Soon-to-Be $228 B...

Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
News ::

News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

Continue reading

eBook: The Future of Buy Now, Pay Later – the Industry Weighs In

EBOOK

The Future of Buy Now, Pay Later – the Industry Weighs In

Discover what industry experts predict is on the horizon for the rapidly evolving Buy Now, Pay Later market

uy Now, Pay Later (BNPL) is absolutely everywhere these days. Record transaction numbers, new providers, new markets served. What does this rapid growth mean for the future of BNPL? What impact will increasing regulations have on the seemingly endless runway of opportunity? Hear from industry influencers what they believe the future of BNPL has in store – for providers, merchants and consumers.

Learn about:

  • The impact of the Covid-19 pandemic on BNPL trends
  • How providers can create products that support long-term credit health
  • How the right technology solutions can future-proof your BNPL products

The Ultimate Guide to Decision Engines

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

Read the Blog

RESOURCE LIBRARY

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
News ::

News: Embracing the Soon-to-Be $228 B...

Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
News ::

News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

Continue reading

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.

Factoring and Invoice Discounting Processes | Provenir

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

Vendor Report: Chartis Research Names Provenir a Global Leader
eBook ::

Vendor Report: Chartis Research Names...

Chartis Research Names Provenir a Global Leader Credit and Fraud ...
Event ::

AI In Banking for Smarter Decisions B...

You’re Invited: AI In Banking for Smarter Decisions Business Lunch ...
finextra with kathy stares
News ::

News: Embracing the Soon-to-Be $228 B...

Embracing the Soon-to-Be $228 Billion Embedded Finance Revenue Opportunity The ...
fintech winner award
News ::

News: Winner Tech of the Future AI an...

Provenir AI-Powered Decisioning Platform Recognized for Excellence in the FinTech ...
CFN lenders
News ::

News: Thriving Through the Mortgage S...

Thriving Through the Mortgage Squeeze:How Lenders Can Conquer Delinquencies, Fraud, ...
fighting fraud podcast
Podcast ::

Podcast: The Fintech Diaries Podcast

podcast The Fintech Diaries Podcast: Fighting Fraud with Provenir How ...
The Importance of Customer Experience in Driving Loyalty Across the Subscriber Lifecycle
Blog ::

Blog: The Importance of Customer Expe...

Discover how telcos can enhance customer experience across the entire ...
IBSi Award winner
News ::

News: Provenir and Hastings Financial...

Provenir and Hastings Financial Services Recognized for ‘Best Digital Lending ...

Continue reading

Powering Risk Strategy Innovation

DEMO

Powering Risk Strategy Innovation

Book a Meeting

Use the power of the Provenir Platform to drive digital innovation in your risk decisioning processes

In today’s digital-first world of banking, businesses offering financial services to their clients—whether loans, payment processing, or any other kind of financial solution—need to create world-class digital experiences for their clients. Provenir empowers organizations to create fully automated digital decisioning processes. In this demo Mike LaFleur, Provenir’s Global Head of Solution Architecture, will show you how the Provenir Risk Analytics and Decisioning Platform allows risk teams to innovate and quickly adapt to evolving market demands.

You’ll see:

  • How Provenir allows your team to quickly test innovative risk strategies
  • The Provenir drag and drop interface that puts the power of the process in your risk team’s hands
  • How Provenir makes it easy to make strategic changes in just a few minutes


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    Mastercard Accelerates Deployment of Digital First Solutions

    NEWS

    Mastercard Accelerates Deployment
    of Digital First Solutions

    Mastercard Engage platform expansion provides customers with fast and easy access to new set of qualified technology partners

    Mastercard is expanding the Engage platform, offering customers easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. These solutions will enable customers to provide entirely digital payment experiences for consumers, from acquisition and card usage to management and engagement, with a physical card option.

    “The expansion of Mastercard Engage is happening at a critical time when financial institutions and digital players are seeking to fulfill consumer demand for digital experiences but may not have all of the in-house capabilities to do so,” said Andrea Scerch, President, Consumer Products for Issuers. “Instead of merely supporting physical cards with digital experiences, we are powering consumer choice by building a robust network of qualified enablers that can help our customers quickly launch digital products from the ground up.”

    The Mastercard Engage network includes partners that provide various components and integration capabilities across the Digital First customer journey to deliver a frictionless payment experience, including Signzy to support digital onboarding and instant eKYC services, Provenir to provide real-time risk decisioning, issuer processors such as Galileo, i2c and Marqeta, and end-to-end Digital First enablers Thales and Verestro.

    “Agility and innovation are key in a digital-first market and businesses need purpose-built technology designed to outpace market evolution,” said Larry Smith, Founder and CEO at Provenir. “We’re excited to bring Provenir’s real-time risk decisioning technology to the Mastercard Engage network to help deploy best-in-class solutions.”

    Mastercard has a long history of working with technology and fintech partners to build the future of payments. The evolution of the Mastercard Engage platform demonstrates the company’s continued commitment to enabling customers in building out their digital first consumer journey.

    The Mastercard Engage program is now open to support Digital First deployment, provide on-the-ground assistance as well as training through the Mastercard Academy, and promotion to Mastercard’s extensive customer base. Visit the Mastercard Engage website for more information.

    View the full press release here.

    The Ultimate Guide to Decision Engines

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

    Learn More


    LATEST NEWS

    Continue reading

    Simplify and Streamline Financial Analysis and Risk Rating

    GUIDE

    Simplify and Streamline
    Financial Analysis and Risk Rating

    Corporate, commercial and SME lending demands extensive financial analysis and risk rating to determine the credit-worthiness of any organization. Lending institutions are bogged down with manual processes for capturing and analyzing essential data to determine accurate ratings.

    With Provenir, you can take the manual effort out of financial analysis and risk rating. Provenir offers a unified, flexible solution, automatically aggregating data from disparate and unstructured sources, standardizing it into a common financial model and applying the appropriate ratings model to determine quantitative risk ratings. In addition, Provenir enables rule-based qualitative analysis specific to industries and segments for in-depth analysis before determining overall ratings.

    • Cut time and costs for data enrichment with pre-built adaptors that automatically consolidate comprehensive financial and company information, including entity relationships and group structures, from any enterprise and third-party data sources.
    • Simplify and streamline risk rating across multiple statement formats, countries and currencies with automated normalization and business-defined financial statement templates.
    • Improve consistency and compliance while reducing risk with scorecards and risk models operationalized in automated risk rating processes. Provenir is model-agnostic so that you can use any third-party model or scorecard developed in industry-standard tools such SAS, R and Excel.
    • Enhance business agility using configuration tools that allow you to quickly create, test and deploy streamlined risk rating strategies.
    • Accelerate deployment with Provenir Cloud which offers a highly secure cloud computing environment with flexible options for domain setup, managed services, deployments and scalability.

    Streamline Data Capture and Normalization

    • Pre-built integration adaptors aggregate company, financial and relationship data maintained in enterprise and third-party systems, creating a central hub to view and manage relevant information.
    • Support for multiple data capture options provides flexibility including manual data entry, document scanning and automatic uploading from multiple systems.
    • Business-defined templates for financial statements, such as income statements, cash flows and balance sheets across industries, geographies and languages offer a quick way to capture and validate data.
    • Automated application of business-defined rules standardize the presentation of financial statements captured in multiple formats, languages, currencies, etc.
    • A complete audit trail, including change tracking and version control, ensures the most recent financial statements are used in risk analysis.
    • Robust native reporting simplifies reviewing historical financial data. Data can be sent to external data warehouses and reporting systems.

    Operationalize Your Risk Analytics

    • Model-agnostic integration allows scorecards and risk models developed in SAS, R and Excel or exported using PMML or MathML to be operationalized in automated risk rating.
    • Easy-to-use wizards import a model, map and validate data in minutes and without any coding.
    • Support for configuring scorecards directly within Provenir or importing third-party scorecards provides implementation flexibility.

    Improve Risk Rating Efficiency and Effectiveness

    • Rules-driven decisioning applies risk models and scorecards to aggregated financial data to automatically determine a quantitative rating.
    • Dynamically generated questions based on such factors as financial data, industry and region simplify development of qualitative ratings by guiding users through the process.
    • Business rules can be used to combine quantitative and qualitative scores into an overall risk rating.
    • Business-friendly user interface makes it easy to manage risk rating on an on-going basis, such as viewing previous or historical ratings, modifying ratings, re-rating and transferring risk between related entities.
    • Automated portfolio monitoring can continually assess performance for any aspect of a loan portfolio with early warning indicators identifying potential problems.
    • Spreading capabilities use existing financial data to simulate potential future scenarios for a specified period of time.

    Increase Business Agility

    • A visual configuration environment provides graphical tools and wizards to quickly implement streamlined financial analysis and risk rating processes.
    • Flexible configuration tools facilitate quick integration with multiple data sources including enterprise and third-party systems, websites and social media.
    • Configurable adaptors support quick integration to core banking systems to complete the loan origination lifecycle.

    10 Fintechs that are Transforming SME Lending

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