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Industry: Provenir

Middesk

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Partners

Middesk

The New Standard in Business Identity

Key Benefits

  • 100% Coverage of Registered Businesses. Built on our own data infrastructure, Middesk provides complete and up-to-date data on every registered business across the United States.
  • Everything you need to know about a business’s identity. Get a complete and accurate view of your customers — entity names, officers, business addresses, TIN verification, watchlist screening, and more.

“With Middesk, what ordinarily would have taken us hours to do is now taking us minutes. We take pride in partnering with technology companies that help us serve our customers better.”

RADIUS BANK

The Complete and Modern Solution for Verifying Any Business

The way that businesses engage with one another has changed. Business owners expect instant onboarding to the products and services they need to establish and scale. Service providers manage an increasingly complex set of regulatory, reputational, and financial risks. Compounding these challenges is a shift away from face-to-face interactions in favor of high velocity, digital experiences. To meet this growing set of needs, service providers require new tools and data products that allow them to scale their processes for establishing trust with their customers.

Middesk’s mission is to make it easy for businesses to access the products and services that they need to grow and thrive. Our customers leverage our data services to build an intelligent and complete perspective on every business. Whether you’re looking to onboard businesses for payment processing, issue lines of credit, or simply open a new commercial account, Middesk can help you do it all with a toolkit designed for modern companies.

About Middesk

  • Services

    • Secretary of State Searches
    • Address Analysis
    • Web Presence Analysis
    • OFAC Watchlist
    • True Industry
    • EIN Verification

  • Countries Supported

    United States

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Jumio

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Partners

Jumio

Automate Identity Verification & KYC with Jumio’s AI-Powered Technology

Key Benefits

  • User Experience. Award-winning user experience keeps good customers moving forward. Consume KYC services based on your unique use case, risk appetite and budget. Anytime, anywhere, Jumio covers over 200 countries and territories and more than 3,500 ID types.
  • Technology. Powered by AI and machine learning with unmatched real production data sets. Consume KYC services based on your unique use case, risk appetite, and budget. Bank-grade security and compliance features help protect user data and privacy.

About Jumio

Deter fraud and provide a seamless user experience to transform your account opening and loan application processes.

With Jumio, vetting new customers and loan applicants is as easy as taking a selfie. Jumio offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.

Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR.

Jumio has verified more than 300 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors.

Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation.

About Jumio

  • Services

    • Jumio ID Verification
    • Jumio Identity Verification
    • Jumio Go
    • Jumio Authentication
    • Jumio Transaction Monitoring
    • Jumio Document Verification
    • Jumio Screening
    • Jumio Address Services
    • Jumio Video Verification

  • Regions Supported

    • Global

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Credolab

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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

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Finagraph

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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

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Yoti

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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

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Provenir Appoints Lewis Horder to Lead Expansion in Benelux Region

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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

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Algoan

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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

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Provenir Appoints Cheryl Woodburn New Country Manager for Canada

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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?

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Provenir Achieves Record Growth in New Customers and Revenue in 2021

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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

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