Skip to main content

Industry: Provenir

Credolab

Written by Amy Sariego on . Posted in Partners. No Comments on Credolab

Partners

Credolab

Make Informed Decisions About Credit Risk, Fraud and Marketing

Key Benefits

  • Embedded scores from smartphone and web behavioral metadata. Credolab develops credit and fraud scores based on mobile and web-behavioral metadata to help banks and lenders take a new approach to assessing risk, detecting fraud and approving more customers and more confidently.
  • Non-personal metadata. Credolab uses non-intrusive and anonymous metadata to score customers. We are in full compliance with local data privacy laws, as well as GDPR and the CCPA. Our goal is to protect a customer’s privacy while empowering them financially.

“With credolab, we are now focusing on making our application and underwriting process more efficient so that we can extend credit to a broader market without compromising on our cost of risk.”

VIJAY MANOHARAN, CEO OF CIMB BAN

About credolab

Credolab is a growing B2B SaaS Fintech that develops bank-grade digital scorecards built on mobile devices and online web behavioural metadata. Our pay-per-use solutions are available to banks and neobanks, digital lenders and BNPL players, insurance companies, and any industry at the intersection with financial services (e-commerce, ride-hailing apps, travel, retailers). Established in 2016 in Singapore with offices in Miami, London and a distributed team across Sao Paulo, Mexico City, Dubai, Jakarta, Manila, Bangalore, Sydney, and Nairobi, credolab has 120+ clients including well-known fintech companies and unicorns, in over 30+ countries.

Resources

About Credolab

  • Services

    CredoSDK: Assesses risk, early defaults, device velocity, and enrich marketing segmentation data of any of your Android and iOS mobile app users

    CredoWeb: Assesses risk and detect early defaults of any applicant based on the analysis of their keystroke patterns and web device metadata

  • Regions Supported

    • APAC
    • India
    • LATAM
    • EMEA
    • USA

Continue reading

Finagraph

Written by Amy Sariego on . Posted in Partners. No Comments on Finagraph

Partners

Finagraph

Finagraph’s Strongbox Product Provides Decision-Ready Financial Intelligence from Business Accounting systems

Key Benefits

  • A simple connection experience for your customers. With APIs, the ready-for-use Strongbox widget, or a white-label experience, Strongbox makes it easy for your business customers to connect their accounting system for initial underwriting or loan monitoring.
  • Instant, decision-ready outputs for your credit team. Strongbox’s intelligent data pipeline transforms data with over 40 unique operations across four categories: normalization, validation, enrichment, utilization. The result is ready-to-use, reliable data outputs that can go right into your decisioning model.

“Strongbox is a breakthrough tool we use to better understand customers and deepen that relationship by providing a secure, simple, and easy way for customers to share their information.”

DUANE GOOD, PRESIDENT & COO OF TRIBAL CREDIT

Strongbox Transforms Data into Actionable Intelligence

When a lender wants to improve underwriting speed and loan portfolio performance, they turn to Strongbox.

Through a seamless connection process, borrowers can instantly send all financial statement data required for initial loan underwriting or ongoing monitoring.

Inside the Strongbox Intelligent Data Pipeline, each set of financials is standardized to your unique financial statement presentation, validated and enriched with lending metrics and trend analysis in seconds.

Lenders across the world trust Strongbox to consistently deliver quality financial data to protect their portfolio and grow margins and the bottom line.

Strongbox is built by the Finagraph, a team with 11 years of experience decoding accounting system data and working with lenders to build outputs that are decision-ready and have a high-impact for credit and risk teams.

Resources

About Finagraph

  • Services

    • Accounting System Connections – Integrations with the most commonly used systems by SMBs.
    • Data validation – A comprehensive set of 50+ checks to uncover missing or questionable financial data.
    • Intelligent Mapping – Business financial statements automatically mapped to your configured chart-of-accounts.
    • Comprehensive Analysis – Ratios, trending, vertical + horizontal analysis, cash flow, and more.
    • Cash Flow – A detailed cash flow statement and analysis built from transaction-level data to analyze risk.
    • TaxReader Add-on – In addition to accounting system data, accept borrower tax returns (business or personal) auto-mapped for decisioning.
    • Concierge-level support – Our team is dedicated to your success, providing implementation assistance, support, and training.

  • Countries Supported

    • United States
    • Canada
    • Australia
    • New Zealand

Continue reading

Yoti

Written by Amy Sariego on . Posted in Partners. No Comments on Yoti

Partners

Yoti

Robust, Flexible KYC and AML Solutions

Key Benefits

  • KYC solutions – get genuine customers through faster. No matter your company’s size, we’re here to make verifying customers easier for you. Our customizable verification tools give you the flexibility you need to deliver the perfect balance of speed and fraud prevention.
  • Enhanced KYC and AML checks. Complete KYC and AML checks in one integration. We offer additional checks for more robust customer integration including proof of address with a supporting document, third party data checks and AML watchlist and ongoing screening.

Verification for a Digital World

We created Yoti to give individuals a simple way of proving who they are, online and in person. We verify users to the highest security standards, using a flexible combination of world leading AI and expert security personnel according to your risk profile.

About Yoti

  • Services

    KYC

    • Data extraction
    • Document authenticity
    • Liveness
    • Facematch
    • Reusable digital identity
    • In person KYC checks (UK only)

    AML

    • PEPs and sanctions watchlists
    • Adverse media
    • Ongoing monitoring

    Age Verification

    • Facial age estimation
    • Reusable Digital ID

    eSigning

    • Authentication

  • Regions Supported

    • Global

Continue reading

Provenir Appoints Lewis Horder to Lead Expansion in Benelux Region

Written by Amy Sariego on . Posted in News. No Comments on Provenir Appoints Lewis Horder to Lead Expansion in Benelux Region

NEWS

Provenir Appoints Lewis Horder
to Lead Expansion in Benelux Region

Appointment highlights company’s expanding global footprint

Parsippany, NJ — Feb. 8, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Lewis Horder has been appointed Sales Executive to serve the growing number of organizations seeking AI-powered risk decisioning solutions. Lewis will oversee sales operations, business development and go-to-market strategies for Benelux.

Horder brings more than 15 years’ experience in financial services. Prior to joining Provenir, Horder served as a Sales Director for EMEA at FIS. He also held various sales management roles at WorldPay UK, developing marketing strategies and identifying and building technology partnerships to reach new customers.

“Lewis has a deep understanding of the financial services market in Benelux and strong relationships having served as a trusted advisor to many organizations,” said Frode Berg, Provenir’s Managing Director of EMEA. “Similar to other areas in the region, the need to improve the customer experience is driving innovative fintechs and banks in Benelux to seek out real-time decisioning solutions. Lewis will lead our efforts to address the growing demand for Provenir’s AI-Powered Risk Decisioning Platform.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for fintechs and financial services providers. It brings together a global data marketplace, powerful AI, and world-class decisioning into one single platform so organizations can provide the real-time decisioning today’s consumers’ demand.

Connect with Lewis on LinkedIn

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

Algoan

Written by Amy Sariego on . Posted in Partners. No Comments on Algoan

Partners

Algoan

Assess Consumers’ Affordability in Real-Time with Open Banking Scoring

Key Benefits

  • Accelerate your time-to-yes! Provide your risk teams and customers a fully digitized experience and get back instantly to your applicants thanks to Open Banking Credit Decisioning.
  • Better risk management decisions. Algoan’s credit decisioning solutions will enable you to accept up to 40% more applicants while maintaining your risk at the same level. Conversely, halve your risk while keeping the same acceptance rate.

Credit and Payment Scoring for Fairer Affordability Assessment

Algoan is a French Fintech that aims to revolutionize the credit sector in Europe through the power of Open Banking. The Fintech innovates at all stages of the credit lifecycle by relying on state-of-the-art proprietary technology. With its Credit Decisioning Open Banking solutions (decisioning engine based on secure sharing of borrower’s bank data), acceptance rates and risk management are significantly improved. In fact, Algoan’s solutions result in a much finer risk analysis than traditional methods and allow many borrower profiles that would normally be rejected to be accepted, with a controlled risk (GINI score up to 80%).

Take informed credit decisions to facilitate split payment, loan origination, debt consolidation, mortgage loan, car subscription/leasing or last-chance loan!

Visit www.algoan.com for more info.

About Algoan Services

  • Services

    Connect: Algoan Connect is the easiest and fastest way to incorporate the Open banking aggregation process in any customer journey to be able to leverage Algoan’s Credit Decisioning solutions.

    Credit Score: Algoan Score is a best-in-class proprietary scoring model supported by dynamic customer information based on financial behavior directly retrieved from banks rather than static and declarative data. Grow your customer base by accepting more loan requests with confidence!

    Payment Score: Behavioral score that analyses 3 months of the consumer’s transactional data (Open Banking data) and returns a simple score (ranging from 1 to 10) that helps automate BNPL origination decisions by being fairer and more responsible.

    Credit Insights: In addition to categorized data, Credit Insights provides actionable insights on top of which lenders can build their own applications and forecasting/predictive models.

    Dashboard: Access a broad and comprehensive view of your clients’ financial situation in a single interface and ramp up your credit decisions.

  • Regions Supported

    EMEA

Continue reading

Provenir Appoints Cheryl Woodburn New Country Manager for Canada

Written by Amy Sariego on . Posted in News. No Comments on Provenir Appoints Cheryl Woodburn New Country Manager for Canada

NEWS

Provenir Appoints Cheryl Woodburn New Country Manager for Canada

Woodburn brings more than 25 years’ experience in growing markets and creating new value for customers

Parsippany, NJ — Feb. 3, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Cheryl Woodburn has been appointed Country Manager for Canada to support the record-breaking growth the company is experiencing in North America. Woodburn will manage all operations as Provenir responds to growing demand in Canada.

Woodburn has more than 25 years of experience in global software, analytics, data and technology markets. Prior to joining Provenir, Woodburn served as Vice President, Sales at Equifax. She also held senior leadership roles at FICO and IBM, overseeing sales and customer success teams, sales enablement, and business operations.

“We are thrilled to add Cheryl’s deep product knowledge and leadership experience to our team,” said Kathy Stares, Executive Vice President, Provenir North America. “Demand for Provenir’s AI-powered risk decisioning software is exploding as organizations struggle to pivot to a customer-first model. Provenir expedites the risk-decisioning process, allowing financial services organizations to provide real-time decisions and raise the bar in terms of the customer service they can deliver.”

“Provenir is one of the world’s leading fintechs and is redefining the risk decisioning paradigm,” said Woodburn. “I’m excited to be part of this shift, and I look forward to helping Canadian organizations completely transform their businesses and reimagine their customers’ experience leveraging Provenir’s leading-edge decisioning solutions.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for fintechs and financial services providers. It brings together a global data marketplace, powerful AI, and world-class decisioning into one single platform so organizations can provide the real-time decisioning today’s consumers demand.

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

Provenir Achieves Record Growth in New Customers and Revenue in 2021

Written by Amy Sariego on . Posted in News. No Comments on Provenir Achieves Record Growth in New Customers and Revenue in 2021

NEWS

Provenir Achieves Record Growth
in New Customers and Revenue in 2021

AI-powered risk decisioning provider realizes a 190+ percent increase in new customers and a 55 percent SaaS revenue increase, amid continued global expansion

Parsippany, NJ — Feb. 2, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced record growth in 2021, achieving a 194 percent increase in new customers and a 55 percent increase in Software-as-a-Service revenue year over year.

Provenir also continued its global expansion in response to increased demand for its products and services. In 2021, the company moved into new markets, including Germany, Austria, Switzerland (DACH), Turkey, the Middle East, the Balkans, and Africa, and expanded its presence in Latin America and Asia, bringing the total number of countries served to nearly 50.

As a result of this growth, the company increased its global workforce by 49 percent last year.

This growth sets the stage for Provenir to gain additional traction in key global regions and in the growing Buy Now Pay Later (BNPL) and challenger bank sectors, which need technology that provides access to alternative data for smarter decisioning and faster client onboarding.

“We are extremely proud of our record-breaking performance in 2021, and we see no signs of this momentum slowing down in 2022,” said Larry Smith, Founder and CEO of Provenir. “We are witnessing significant expansion in the types of businesses seeking our real-time decisioning solution across all geographies. Our unified solution brings together the three essential components of risk decisioning – data, AI and decisioning – into one single decisioning platform to help organizations provide the real-time decisioning customers demand today.”

Additional key company milestones achieved in 2021 include:

  • Introduced product innovations such as Cloud 2.0 and Provenir AI, which continue to simplify data access, make AI accessible and automate decisioning.  
  • Invested 25 percent of revenue in research and development to continue developing industry-defining solutions, including extending AI capabilities.
  • Welcomed more than 60 new partners to the Provenir Marketplace, a comprehensive fintech data and intelligence ecosystem providing access to more than 530 country/data/partner combinations through a single Application Programming Interface (API).
  • Expanded the use of Provenir for financial inclusion with customers in all regions.
  • Among other accolades received, Provenir was recognized as the “Best Credit Risk Solution” in the Credit & Collections Technology Awards, qualified as a finalist in Credit Strategy’s Credit Awards in the “Best Technology Provider” category and was named to the Inc. 5000 Fastest Growing Private Companies in America.

Provenir customers include leaders and challengers in the fintech and financial service sectors such as Zilch, AskIf, Kueski, Koko, Reliant Funding and Rent-A-Center that are gaining a decisive advantage

15 Companies Changing the Landscape of Buy Now, Pay Later

Read the Blog

LATEST NEWS

Continue reading

Provenir Appoints Waldemar Faltenberg: to Lead Expansion in the DACH Region

Written by Amy Sariego on . Posted in News. No Comments on Provenir Appoints Waldemar Faltenberg: to Lead Expansion in the DACH Region

NEWS

Provenir Appoints Waldemar Faltenberg:
to Lead Expansion in the DACH Region

Appointment underscores company’s growing presence in the region.

Parsippany, NJ —Jan. 11, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Waldemar Faltenberg has been appointed Senior Sales Executive, DACH, following the company’s rapid growth in 2021 and increased demand for its products and services in the region. Faltenberg will manage sales operations for Austria, Germany and Switzerland as Provenir continues to expand its presence worldwide.

Faltenberg brings more than 15 years’ experience in financial servicesto his new role. Prior to joining Provenir, he served in senior sales management and consulting positions at BFS finance GMBH, VR Smart Finanz AG, VR Leasing AG and Coface, developing marketing strategies, building and expanding partnerships and guiding clients through digitalization projects to modernize their online channels. 

“Waldemar has a wealth of experience in the German banking market and in credit risk decisioning specifically,” said Frode Berg, Managing Director EMEA. “An increasing number of organizations in EMEA are selecting Provenir as their risk decisioning partner. Waldemar will spearhead our efforts to engage with fintech innovators and innovative banks seeking access to industry-leading AI-powered risk decisioning software for real-time credit decisioning.”

“I am excited to join Provenir at this pivotal time as demand for solutions enabling real-time processes is surging to meet customers’ desire for instant decisions,” said Waldemar. “The market for financial services solutions in DACH is growing rapidly, and I look forward to continuing to build upon Provenir’s momentum in 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.

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