NEWS

Company wins the “Credit Risk Solution” category for its Provenir AI-Powered Risk Decisioning Platform product that improves risk modeling

Parsippany, NJ, Nov. 5, 2021 – Provenir, a global leader in data analytics software and risk decisioning, today announced that it has been named a 2021 Credit & Collections Technology Awards winner in the “Credit Risk Solution” category.

The Credit & Collections Technology Awards highlight the success of companies and individuals across 21 categories who garnered technological achievements in the UK credit and collections sector in 2021. Winners were recognized during an awards ceremony that took place Nov. 4 at the Midland Hotel in Manchester, United Kingdom.

Provenir was selected from five other vendors that had been named finalists in the “Credit Risk Solution” category.

“This is a wonderful achievement for Provenir and a testament to the hard work of our employees who continue to usher in innovative technology advancements to revolutionize credit risk-decisioning,” said Frode Berg, Managing Director, EMEA for Provenir. “I would like to thank the esteemed panel of industry experts who served as the award judges for recognizing Provenir as the UK’s leading credit risk solution provider.”

Provenir’s flagship product, Provenir AI-Powered Risk Decisioning Platform, 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 offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs.

About Provenir

Provenir helps fintechs, financial institutions, and payment providers make smarter decisions faster by simplifying the risk decisioning process. Its no-code, cloud-native SaaS products form a risk decision engine for real-time approvals and make it easy to rapidly create sophisticated decisioning workflows. With a global data marketplace for seamless integration, powerful AI and machine learning models, and real-time insights, Provenir has supercharged decisioning speed. Provenir works with disruptive financial services organizations in more than 40 countries and processes more than 2 billion transactions annually.

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

NEWS

Award recognizes women that have demonstrated admirable leadership across a variety of roles within the software industry.

Parsippany, NJ, Oct. 27, 2021– Provenir, a global leader in data analytics software and risk decisioning, today announced that Kathy Stares, executive vice president, North America, has been named one of the “Top 50 Women Leaders in SaaS” by The Software Report, a comprehensive source for market research and insights, business news, investment activity and corporate actions related to the software sector.

Awardees are recognized for their performance within their roles, their ability to foster innovation and growth, and their expertise in software-as-a-solution (SaaS) solutions.

Stares leads sales, customer success, pre-sales consulting teams across North America for Provenir, and also oversees strategic partnerships. As a member of Provenir’s executive team, she has played a key role in supporting the company’s growth, increasing its SaaS solutions revenue 25 percent year-over-year. The company has experienced a 22 percent increase in Provenir’s customer base of fintech disruptors, and its increasing presence in the Buy Now, Pay Later (BNPL) and challenger bank markets.

“I am deeply honored to be included among this esteemed group of female leaders who are spearheading innovation in the SaaS market and driving the industry forward,” said Stares. “I am passionate about enabling our customers to be change agents, and to raise the bar in terms of the customer experience they deliver. We continue to invest significantly in our SaaS technologies to help our customers expedite the risk-decisioning process, which in turn, allows them to provide real-time decisions and respond to their end customers immediately.”

Provenir’s technology enables fintechs, financial institutions, and payment providers to easily design, build, and deploy solutions to solve complex business challenges such as digital onboarding, retail financing, Buy Now Pay later (BNPL) approvals, SME lending, insurance, credit card management, eCommerce, eWallet, digital banking, and open banking. 

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The appointment reinforces Provenir’s commitment to support financial institutions in simplifying their risk decisioning and driving innovative products to market faster

PARSIPPANY, NJ–Sept. 1, 2021 – Provenir, a global leader in data analytics software and risk decisioning, has appointed José Luis Vargas-Favero as its new executive vice president and general manager for Latin America. In his new role, Vargas-Favero will be responsible for leading Provenir’s ambitious expansion plans to triple its footprint in the region by the end of 2021.

Vargas-Favero brings more than 25 years of financial services experience in management, sales, business development, consulting, data analytics, decision management technology, digital transformation and risk management to Provenir. Prior to joining Provenir, he held several global senior leadership roles at FICO.

“José’s deep industry knowledge and global experience will be invaluable as we seek to become the leading trusted risk decisioning partner across Latin America,” said Larry Smith, founder and CEO of Provenir. “We see tremendous opportunity to help financial institutions in the region provide a superior and more inclusive customer experience by providing them with access to alternative types of data to assess risk and make smarter decisions.”

Latin America is producing a large and rapidly growing number of innovative and disruptive fintechs, which are raising record amounts of investment as they seize the opportunity to provide a superior and more responsive customer experience to a region with a population of more than 650 million and a combined economy of over 5 trillion USD. According to estimates, more than 70% of adults in the region have a smartphone yet only 30% have a banking relationship. Under Vargas-Favero’s leadership, Provenir will enhance its ability to support financial and non-financial institutions in providing better credit options to this unbanked population through alternative data powered technology.

“I am honored to join a company that shares my passion for using data, analytics and decisioning technology to improve the financial services landscape for all, and to contribute to eliminating financial exclusion for the vast population of underserved and unbanked individuals in the region,” said Vargas-Favero. “Provenir has distinguished itself as a global leader in risk decisioning processes with its amazing cloud-native technology, and I am excited to join at this pivotal time to help accelerate the company’s existing growth trajectory.”

The company is actively recruiting talent to expand the team in the region and is establishing alliances with local data partners to continue developing the Provenir Marketplace and better service the region.

Connect with Jose on Linkedin!

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

NEWS

Provenir announces the appointment of Linda M. Lovett, Esq. as in-house Legal Counsel to partner globally on all commercial legal matters

Parsippany, NJ, April 22, 2021 – Provenir, a global leader in risk decisioning and data analytics software, welcomes Linda M. Lovett, Esq. as their in-house Legal Counsel. In her new role, Linda will be responsible for overseeing all Provenir’s commercial legal matters and supporting all Provenir’s new and existing product offerings, which include the Provenir AI-Powered Risk Decisioning Platform delivering data, decisioning, insight and solutions capabilities.

As a Columbia Law School Stone scholar, Linda brings a wealth of commercial legal experience as well as deep expertise in international and Fintech law. Prior to joining Provenir, Linda led significant engagements across debt restructuring, securities, and mergers and acquisitions, and negotiated more than 5,000 complex commercial agreements for large Fintech corporations, small start-up companies major New York law firms and non-profit foundations.

“We plan to sustain Provenir’s growth trajectory over the next few years, and I am thrilled to have Linda’s deep experience to help us achieve this goal,” said Kerri Antles, CFO. “Linda will help us put the appropriate infrastructure in place to support this growth, and her experience in international law will be invaluable as we continue to expand our global reach.” 

Commenting on her appointment, Linda added, “I am especially honored to be joining such a diverse and innovative group of brilliant executive team members under the leadership of Larry Smith. I’m extremely excited to join Provenir at such pivotal moment in its history. I see Provenir becoming one of the top leaders in the Fintech industry, and I look forward to helping them get there.”

About Provenir

Provenir helps fintechs, financial institutions, and payment providers make smarter decisions faster by simplifying the risk decisioning process. Its no-code, cloud-native SaaS products make it easy to rapidly create sophisticated decisioning workflows. With a global data marketplace for seamless integration, powerful AI & machine learning models, and real-time insights, Provenir has supercharged decisioning speed. Provenir works with disruptive financial services organizations in more than 33 countries and processes more than 2 billion transactions annually.

Connect with Linda on Linkedin.

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