NEWS

AI-powered risk decisioning provider increases investment in Brazil to engage with fintech innovators

Parsippany, NJ — June 6, 2022 — Provenir, a global leader in risk decision-making software using artificial intelligence, announced the appointment of Pedro Arlant as Commercial Executive based in Sao Paulo, Brazil. Arlant will focus on growing Provenir’s business and presence in Brazil.

Arlant brings more than 20 years of experience in the financial services sector. Prior to joining Provenir, he most recently served as commercial head for fintechs and financial institutions at Clicksign and commercial director for South America Global Market Intelligence.

With a BA in International Relations/Business Administration from Boston University, an MBA from INSPER and a Management Excellence Program diploma from Harvard Business School, Arlant has extensive experience leading commercial and relationship management teams in areas such as credit risk, technology, fintech, data and analytics.

“Provenir has revolutionized how risk decisions are made to meet the ‘real-time’ expectations of today’s consumer. I am delighted to be joining such a visionary team and helping organizations in Brazil increase both the speed and accuracy of decision making”, said Arlant.

“Pedro has a deep understanding of the financial services market in Brazil and strong relationships having served as a trusted advisor to many organizations,” said Jose Vargas, Executive Vice President of Provenir LATAM. “The need to improve the customer experience is driving innovative fintechs and banks in Brazil to seek out real-time decisioning solutions. Pedro will lead our efforts to address the growing demand for Provenir’s AI-Powered Risk Decisioning Platform.”

NEWS

Vellore brings more than 15 years’ experience growing markets in risk decisioning arena

PARSIPPANY, NJ–Mar. 29, 2022 – Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, announced today that Bharath Vellore has joined as the General Manager for APAC. In this role, Vellore will establish the strategy to expand Provenir’s presence in the region and oversee all business operations including sales, pre-sales, professional services, and customer success.

Vellore brings more than 15 years of experience working with Financial Services driving revenue growth, regional expansion and business development. Prior to joining Provenir, Vellore held leadership positions at LexisNexis Risk Solutions and Dow Jones.

“I am delighted that Bharath will be spearheading efforts to expand our footprint in APAC,” said Larry Smith, CEO and Founder. “With his industry knowledge and experience building new territories, we plan to quickly increase our engagement with the growing number of fintechs and innovative banks seeking access to industry-leading AI-powered risk decisioning software for real-time credit decisioning.”

“APAC is forecast to top 50 percent of Global GDP by 2040 accounting for 40 percent of the world’s total consumption. While this provides an incredible opportunity, there are numerous challenges in the region, including fraud, financial exclusion and disruptive changes in consumer behavior. This is driving lenders to implement new AI-enabled technology to minimize risk while serving a larger population of customers,” said Bharath. “I am excited to continue building upon Provenir’s existing presence and momentum to serve the region.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience, users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs.

NEWS

AI-powered risk decisioning is about more than just more accurate decisions and better predictability. Implemented correctly, AI positively impact the entire credit risk lifecycle.

In this video interview, Carol Hamilton, SVP of Global Solutions at Provenir, provides insights on the current challenges and opportunities organizations are experiencing using AI, and how embedded AI helps organizations gain a holistic view across identity, fraud and credit risk for their customers along their entire journey.

Watch the video Fintech Finance News.

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

NEWS

Provenir’s data-fueled and AI-driven decisioning platform improves accuracy and enhances customers’ experience

Parsippany, NJ — April 11, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution Program. Through this alliance, TransUnion clients will be able to take advantage of Provenir’s industry-leading platform to gain deeper insights from more data sources to power a new level of decisioning speed and accuracy.

The way consumers interact with financial services products is changing, rapidly – consumers expect instant decisions, personalized offers and automated, digital experiences. Meanwhile, fraud losses hit $56 billion in 2020 and fraud attacks are only getting more sophisticated and widespread. To address these challenges, financial organizations are increasingly seeking technology that provides flexibility, scalability, access to new data sources and self-learning models.

Provenir provides the answer with its industry-leading AI-Powered Decisioning Platform that uniquely combines universal access to data, including TransUnion’s world-class data, simplified AI and sophisticated decisioning technology. This provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement.

“Provenir is a valued long-term business partner,” said Aaron Smith, TransUnion Vice President of Global Platform Partnerships. “Now our customers can leverage TransUnion data in more ways as it is integrated within the Provenir platform. Backed by a strong commitment to R&D and ongoing product development, Provenir offers the flexibility and scalability our clients say they need to respond quickly to changing market conditions and to support rapid growth.”

“We’re excited to expand our relationship with TransUnion and help clients of all sizes and complexity benefit from our AI-powered platform,” said Kathy Stares, Executive Vice President, North America for Provenir. “While organizations may understand the transformative power of AI-enabled risk decisioning, they often struggle with mounting the resources needed to develop, deploy and maintain AI initiatives. Our platform does this for them, eliminating high development costs and resources, enabling organizations to recognize ROI often within at little as 60 days.”

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