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The appointment reflects Provenir’s commitment to growth and the development of innovative industry solutions

Parsippany, NJ – Sept. 5, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced the appointment of Andres Elizondo as its new Chief Financial Officer. Elizondo brings a wealth of experience which combines both finance and strategy, with a focus on driving and delivering long-term business value.

With more than 15 years of experience, Elizondo has a proven track record in creating and leading the finance functions of global technology companies as well as private equity-backed firms. Previously, Elizondo was the Group CFO at software development platform Builder.ai and served as CFO of the EMEA region at Rackspace Technology and was part of the leadership team that took the company public. In these roles, he implemented strategies that drove growth and delivered exceptional shareholder value.

“Provenir’s mission is to help fintechs and financial services providers around the globe make smarter risk decisions and disrupt the increasingly competitive financial technology landscape,” said Larry Smith, Founder and CEO of Provenir. “Andres brings a unique blend of technical knowledge and financial expertise. I am confident the addition of Andres to our leadership team will help support Provenir’s expansion and market leadership goals.”

“I’m very excited to join Provenir and be part of the company’s growth,” said Elizondo. “Provenir has been at the forefront of developing industry-leading risk decisioning and data analytics solutions to meet the rising need for high-quality financial services. I’m looking forward to championing Provenir’s growth plans and delivering even more value for our customers.”

Elizondo received a bachelor’s degree in Mechatronics Engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey in Mexico. He completed his master’s degree in Business Administration at London Business School as well as The Wharton School at University of Pennsylvania. Currently based in London, Elizondo will work with Provenir’s global finance team in New Jersey, the United Kingdom, and India.

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

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The company’s London team grew by 138% in the last 12 months as Provenir sees strong demand for its AI-powered risk decisioning software in the British market.

London, UK – 08 August 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announces the relocation of its London office to a larger facility at 76 Charlotte St. Fitzrovia W1T 4QS to accommodate its expanding team. Over the past 12 months, Provenir has experienced a remarkable 138% growth in its London team, owing to the continuous acquisition of new customers in the UK and throughout Europe.

Provenir saw strong growth in 2022 globally, achieving 35% growth in revenue and expanding its customer base by 24%, adding new customers worldwide, including AMU Leasing, AutoChek, Davivienda, DeltaPay, Investree, Provu, Quick Finans, Topi and Varo. The company also expanded into France, Germany, Italy, Spain, Turkey, the Balkans and Benelux; Colombia, Brazil and Mexico; and Indonesia, the Philippines and Vietnam to meet customer demand.

“We have seen a real surge in demand for our credit risk decisioning solutions in recent years,” said Frode Berg, Managing Director of Europe at Provenir. “In times of uncertainty such as these, where consumers face a heightened need for credit and financial institutions adopt a more cautious lending approach, advanced AI-powered decisioning tools play a crucial role in navigating uncertainties and facilitating informed lending decisions. As I reflect on our exciting milestones and sustained growth in the UK, I am incredibly proud of our exceptionally talented workforce. The relocation of our office will allow us to accommodate our growing team and better support our rapidly growing customer base.”

An £83.5 billion opportunity

The UK has one of the strongest AI markets in the world, behind only the United States and China, with significant government funding and research activity in the field. Earlier this year, the British government pledged £1 billion of government funding for the next generation of supercomputing and AI research to establish the UK as a science and technology superpower.

Already, 15.1% of all British businesses have adopted at least one AI technology, with the adoption rate expected to increase to 22.7% by 2025 and 34.8% by 2040, according to the UK government. Expenditure on AI technologies is expected to increase from £16.7 billion in 2020 to £83.5 billion in 2040 at a compound annual growth rate of 8.4%, presenting Provenir with an immense growth opportunity as a leading provider in the market.

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SINGAPORE, July 6, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced that its Data and Decisioning Platform has been shortlisted as a finalist in the “LendTech of the Year” category for this year’s Asia Fintech Awards, an industry award that celebrates Asia’s fintech community.

Provenir’s Data and AI-Powered and Risk Decisioning Platform was evaluated based on its ability to meet customers’ needs and requirements, how it can achieve critical mass, and the innovative aspects developed to bring the product to market.

“We are thrilled to be recognised as a finalist for this awards program that celebrates the best and brightest of APAC’s fintech community,” said Bharath Vellore, General Manager of Provenir for APAC. “This reflects our growing commitment in Asia to empower lenders in each market with world-class decisioning, comprehensive data and advanced analytics to improve credit assessment on consumers, supporting the underserved population with more equitable lending decisions and providing SMEs access to finance their working capital.”

Winners of this year’s awards will be announced at Asia Fintech Awards’ ceremony on August 24 at the Hilton Singapore Orchard.

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The company’s Data and AI-Powered Risk Decisioning Platform offers a streamlined single point of access to credit bureaus and data sources for more accurate credit decisioning

London, UK – June 23rd, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced that it has been awarded the Best AI-Driven Credit Decisioning Solution Provider of the Year at the annual Africa Bank 4.0 Awards for North Africa.

The Africa Bank 4.0 Awards recognises the pioneers and visionaries who are transforming the fintech industry and making financial services in Africa more accessible, innovative, convenient and affordable. Every year, they acknowledge the startups, banks and technology providers that are developing breakthrough technologies focused on financial inclusion.

Provenir’s data and AI-powered risk decisioning software allows businesses worldwide to easily create automated decisioning workflows across the entire customer lifecycle, integrate these workflows with data through a simplified single-API process, and apply AI to all data to automate the development of new credit risk models. From loan origination to merchant onboarding, Provenir’s software enables businesses to make smarter risk decisions across compliance, fraud and credit. Provenir is dedicated to redefining banking services and products by catering to the unique needs of the unbanked and underserved populations in Africa, leveraging alternative data and advanced analytics to catalyse financial inclusion while reducing risk and preventing fraud.

“We’re proud to be recognized in this year’s Africa Bank 4.0 Awards in North Africa for our industry-leading credit risk decisioning solutions,” said Adrian Pillay, Vice President of Sales, MEA, at Provenir. “The current approach to determining credit risk profiles using only traditional data unfairly impacts the unbanked population. At Provenir, we’re committed to setting the benchmark when it comes to providing tools that enable real-time decisioning processes and put financial inclusion at the heart of financial services. Our unique AI-driven solution enables lenders to leverage data quickly, simply and affordably to make better credit decisions.”

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

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The appointment reflects Provenir’s dedication to fostering innovation and delivering exceptional customer care

LONDON, UK – June 22, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced the appointment of Carol Hamilton as its Chief Product Officer.

Based in Provenir’s London office, Hamilton will be responsible for shaping the company’s global product strategy, overseeing product development and management, and identifying new growth opportunities. She will play a pivotal role in driving innovation and expanding Provenir’s product suite, including decisioning, data and artificial intelligence to help lenders make smarter decisions across credit, compliance and fraud.

Since joining Provenir in 2021, Hamilton has served as Senior Vice President, Global Solutions and Chief Commercial Officer of Provenir AI, showcasing her expertise and profound understanding of the company’s operations.

With a wealth of experience in product strategy, innovation, and customer-centric design, Hamilton is uniquely suited to drive Provenir’s product vision and lead the company’s next phase of growth; she brings rich experience in developing fraud, compliance, and security solutions for the financial services industry. Prior to joining Provenir, Hamilton held senior leadership roles at GBG, SAS and BAE Systems, where she led regional teams responsible for creating long-term strategy, driving growth, and seeking new areas for expansion.

“In today’s ever-evolving market, organizations’ real-time decisioning software needs to keep pace. Provenir is built to solve industry-specific needs today, while anticipating the ones businesses will face tomorrow. Carol’s recent efforts leading Provenir AI give her an ideal background to assume overall responsibility for Provenir’s full product suite. She’ll be instrumental in the advancement of our strong value proposition and capabilities to organizations worldwide.”

Larry Smith, Provenir Founder and CEO

“Provenir has long delivered on its promise of increasing customers’ agility and responsiveness to market challenges and client needs, from supporting banks in embracing digital strategies to partnering with fintechs on their growth journey. I’m looking forward to further developing our product suite and helping our customers to maintain their rank as innovative and disruptive financial services players.”

Carol Hamilton, Chief Product Officer

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