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Provenir Recognized as Finalist for ‘Best Technology Provider’ in the 2023 Credit Awards

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NEWS

Provenir Recognized as Finalist
for ‘Best Technology Provider’ in the 2023 Credit Awards

Company’s AI-Powered Data and Decisioning Platform delivers a unique combination of decisioning, data, and AI resulting in more accurate, automated risk decisions in the areas of identity, credit and fraud

Parsippany, NJ — April 19, 2023 — Provenir, a global leader in data and AI-powered risk decisioning software, today announced it has been recognized as a finalist for “Best Technology Provider” category in the 2023 Credit Awards.

Known as “the Oscars of the industry,” the Credit Strategy Credit Awards recognize and celebrate innovation, best practice and the hard work of individuals, business divisions and pan-global conglomerates across the industry.

Winners will be unveiled at the May 31 awards ceremony at the Grosvenor House Hotel in London.

“Provenir is honored to be recognized as a leader in the ‘Best Technology Provider’ category as technology innovation has exploded across every part of financial services, creating a customer-first world that demands more from data and timely decisioning,” said Frode Berg, General Manager, Europe, for Provenir. “With Provenir, organizations can access and orchestrate new alternative data sources, glean insights from the data and make more accurate and instant decisioning. The result is more inclusive lending, a superior customer experience and a dynamic fraud mitigation strategy that is a win-win for financial institutions and their customers.”

Provenir’s AI-Powered Data and Decisioning Platform is comprised of three essential components – decisioning, data and AI. The platform 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.

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Railz

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Partners

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

  • Real-Time Financial Analytics at Your Fingertips. Railz offers real-time SMB financial data and analytics for informed investment decisions. With accurate data, financial institutions can assess creditworthiness and provide valuable services to SMB clients, using accurate, up-to-date data.
  • Transform your Financial Analysis with Streamlined Efficiency. Railz streamlines SMB financial analysis for efficient data collection, underwriting, and product launches. It saves time, reduces errors, and offers clients a seamless experience.

“Our bank partners love that we have access to real-time accounting data. That was huge in getting a credit facility.”

ZACH JOHNSON, FOUNDER & CEO AT DASH.FI

The Future of Finance Needs Access to Financial Data

Railz: Revolutionize financial services with the largest financial data network in the world.

Railz solves challenges faced by financial institutions in obtaining high-quality financial data for SMBs. We provide one access point for normalized SMB financial data, collected from multiple sources including accounting, banking, tax, and commerce. Railz offers unique features and tools including Railz Credit Score™, Railz Accounting Accuracy Score (RaaS™), cash flow forecasting, benchmarking, and real-time analytics visualization. We help FIs make fast and calculated decisions in lending, business financial management, payment reconciliation, and insurance. Railz normalization process ensures that data is organized, standardized, and up-to-date, making it easy for FIs to safely make informed decisions.

Resources

About Railz

  • Services

    • Railz API: connects to all major accounting service providers like QuickBooks, Netsuite, Xero, Banking via Plaid, and E-Commerce such as Shopify & Square.
    • Lending: optimize credit approval and monitoring process and streamline loan origination and servicing.
    • Valuation and Forecasting: business valuations, cash flow forecasting.
    • Railz Credit Score™: A modern business credit score
    • Accounting Accuracy: Railz accounting accuracy Score (RaaS™) measures accuracy of accounting data when overlaid with banking data.
    • Benchmarking: Financial ratios by market, geography, age of business
    • Railz Normalization: Makes sense of messy financial data across commercial customers in real-time.
    • Railz Dashboard™: Configurable dashboard that provides highlights and insights to build customized dashboards.
    • Railz Visualization SDK: a collection of standardized web components to build customized financial dashboards and develop the next-gen of embedded finance products.
    • E-commerce Integration: integration with Shopify and Square: Pull e-commerce data directly into your application to help reconcile and keep financial records up to date.

  • Regions Supported

    • North America

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Provenir Wins Second Consecutive Data Breakthrough Award

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NEWS

Provenir Wins Second Consecutive Data Breakthrough Award

Prestigious International Awards Program Recognizes Outstanding Data Technology Products and Companies

PARSIPPANY, N.J., April 13, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced that for the second year running, it has been selected as winner of the “Data Solution of the Year for Finance” award in the annual Data Breakthrough Awards program conducted by Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market today.

Provenir Data is a global data and intelligence platform that makes accessing data fast and easy. Through a single API, it brings together a curated range of data and data solutions to enable businesses to make smarter risk decisions across identity, fraud and credit. With this solution, users experience simplified data access, fully managed integrations access to a wide variety of traditional and alternative data, and insights to make smarter decisions across the whole customer lifecycle.

Provenir’s breakthrough solution allows financial institutions to access third-party data sources to make accurate credit decisions in real-time without the high-dollar overhead of a credit decisioning infrastructure. This streamlined process enables organizations to simply feed the applicant information into risk models, test the impact of the data of their choosing and receive decisions in real time.

“We are honored to be recognized again as the ‘Data Solution of the Year for Finance’ by Data Breakthrough,” said Larry Smith, Founder and CEO of Provenir. “Provenir provides organizations with access to diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement both at onboarding when assessing risk and monitoring ongoing transactions for fraud. Banks and fintechs are now empowered to take control of their risk strategy with unified data, artificial intelligence, and decisioning capabilities via a centralized, no-code platform.”

“Data is at the core of today’s digital business and this is especially evident in the financial services market as innovative fintechs and financial institutions are looking beyond traditional data sources,” said James Johnson, Managing Director, Data Breakthrough. “In this new world, to really level-up their decisioning, businesses need more data, automation, sophisticated processes, and forward-looking predictions to break through. With the unique combination of real-time, on-demand data access, machine learning and world-class decisioning technology, Provenir provides a compelling and robust risk ecosystem that enables smarter decisions across identity, fraud, and credit. Congratulations for the second straight year on being our choice for ‘Data Solution of the Year for Finance.”

Now in its fourth year, the annual Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including Data Analytics, Big Data, Business Intelligence, Data Storage and many more. The 2023 Data Breakthrough Award program attracted more than 2,000 nominations from across the globe.

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“Don’t wait to be approached”: IWD Spotlight with Mei Ye

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“Don’t wait to be approached”:
IWD Spotlight with Mei Ye

Being told she wouldn’t be promoted because “senior positions are for men” incentivized Mei Ye, Head of Pre-Sales (APAC) at Provenir, to change careers. Mei shares her journey and perspective on the importance of mentors and mistakes.

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The Ultimate Guide to Decision Engines

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Brankas

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Partners

Brankas

Brankas – Leading Open Finance Technology Leader

Key Benefits

  • Instant Multi-Bank Integrations with Brankas Data APIs. Let users connect their bank account to your platform, giving them faster access to their data and a better experience.
  • Capture Data Intelligently and Interpret it Faster. With quicker access to reliable data, you can personalize your customer’s experience depending on their wants and needs.

“Our partnership with Brankas allows us to help clinics in Indonesia finally move into a digital future that can make healthcare easier and more available for everyone. We are excited for the future of healthcare.”

OGY WINENRIANDHIKA, CO-FOUNDER & CEO AT KLINIKGO

Brankas – Leading Open Finance Technology Leader

Brankas helps businesses unlock modern financial services with market-leading technology. We have the largest network of bank APIs in Southeast Asia. We are also the only company invested in both API aggregation, which helps online businesses connect digitally to banks, as well as financial and payment infrastructure, which help banks and financial institutions monetize their banking platforms.

Resources

  • Visa Card Data Product

About Brankas

  • Services

    Account Opening

    Open Core

    Open Finance Suite

    Merchant Link

    Brankas Direct

    Brankas Disburse

    Brankas Bank Data

  • Profiles and Scores

    Life-centric profile

    Financial health profile

    Life-centric credit score

    Other risk scores

  • Custom Solutions

    Score card development

    Model development

    Design AI strategies and roadmaps for and with boards and management

    Education and training on AI for co-workers

  • Countries/Regions Supported

    Indonesia

    Philippines

    Vietnam

    Thailand

    Malaysia

    Bangladesh

    EMEA

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Monto

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Partners

Monto

SME Lending Powered by Real-Time Financial Data

Key Benefits

  • Better data. Better credit decisions. Monto’s API provides a detailed, real-time view of SME business performance. We collect, standardize and visualize data from leading accounting providers to help lenders make faster and more accurate credit decisions.
  • Enhance your processes while improving the user experience. With Monto, lenders can easily authenticate borrowers and start working with high-quality data. Depending on your specific needs, our connectivity can make everything from data collection and onboarding to loan underwriting more efficient.

“The process of sharing financials is very easy with Monto. Our applicants can grant access to their accounting software in seconds.”

FLOAT LENDING

Your Single Access Point to SME Financial Data

Monto is a Stockholm-based fintech that helps Nordic SME lenders harness the power of real-time data. We combine smart tech and deep industry know-how to help fintechs, banks, lending brokers and BaaS platforms make better credit decisions, streamline processes and improve the customer experience.

With Monto, lenders no longer have to rely on manual, dated or mediocre data sources in their credit reviews. Our API unlocks instant access to up-to-date income statements, ledger quality, financial ratios, and more, fetched from leading accounting software providers in Sweden. We also provide a visual interface that allows credit teams to gain a comprehensive financial understanding of their connected borrowers. 

Our platform is tech agnostic and available for a free trial.

Resources

About Monto

  • Services

    Monto API. Seamless API connections to accounting software makes access to real-time financial data smooth, safe, and tailored to credit teams’ needs. Get full details on everything from rolling income statements to ROI and profit margins.

    Standardized data. We categorize and standardize relevant financial data, allowing your team to access high-quality information and make better credit assessments. This helps you eliminate tedious and time-consuming manual data collection.

    Visual interface. Get a comprehensive view of your customers’ financial situation in a single interface to enhance your credit decisions. We cover many of the key metrics and KPIs that drive a customer’s financial performance.

    Easy onboarding. Monto’s pre-built authentication flow enables you to onboard new and existing customers in seconds. Your SME customers simply have to grant access to their financial data, and connect to their accounting provider.

    Extensive coverage. Monto’s accounting integrations cover an estimated 95% of the SMEs in Sweden that use cloud-based accounting. Our future roadmap includes the other Nordic countries.

  • Countries Supported

    • Sweden
    • Norway

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CXO of the Week: Varun Bhalla, Country Manager, India, Provenir

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CXO of the Week:
Varun Bhalla, Country Manager, India, Provenir

CIOL recently interviewed Varun Bhalla, Provenir’s Country Manager for India. Varun shared his views on Provenir’s key offerings and unique value, his entrepreneurial journey, the company’s growth, and much more.

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EV Exclusive NBFC AMU Leasing Onboards Provenir’s Decisioning Platform to Accelerate Loan Decisions

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NEWS

EV Exclusive
NBFC AMU Leasing Onboards Provenir’s Decisioning Platform to Accelerate Loan Decisions

With Provenir, AMU Leasing will be able to disburse loans to its end users with speed, accuracy and precision

New Delhi, India – Provenir, a global leader in AI-powered risk decisioning software, announced today that AMU Leasing, India’s leading and only woman-led, tech-driven NBFC startup exclusively serving the Electric Vehicle ecosystem. With this partnership, the Delhi-based company will be able to make faster decisions and offers to end-users, putting it ahead of its competition.

AMU Leasing’s goal is to support India’s emerging initiatives for self-employment and micro entrepreneurship for citizens across Tier 2 and 3 cities. By supporting the alternate fuel-based transportation sector, they plan to propel and sustain revenue generation for self-employed livelihoods.

The government of India is targeting EV sales to account for 30 percent of private cars, 70 percent of commercial vehicles, 40 percent of buses and 80 percent of two and three-wheelers by 2030 to help reduce carbon emissions. The combination of AMU Leasing and Provenir is ideal for new as well as existing customers seeking EV financing solutions with seamless processing and a world-class user experience.

“We are focused on helping develop an efficient ecosystem where leasing, financing and purchasing electric vehicles is one seamless process,” said Nehal Gupta, CEO of AMU Leasing. “We needed an automated decisioning solution that would enable us to make faster decisions and extend offers to end users. Provenir’s low code interface empowers our business users to easily design, build and test decisioning models themselves. The Provenir Marketplace also provides access and easy integration to new data sources, providing us with greater insights to make more accurate decisions.”

“The EV market is quickly growing and AMU Leasing is well positioned to support the entire value chain, particularly entrepreneurial businesses,” said Varun Bhalla, Country Manager, India for Provenir. “Our AI-Powered Data and Decisioning Platform provides the access to data, AI and decisioning capabilities needed to accelerate and improve their lending decisions and expand with them. We look forward to helping them meet their goal of one million EV disbursements by 2027.”

Provenir’s industry-leading AI-Powered Data and Decisioning Platform delivers smarter risk decisioning. The solution, managed through a single UI, empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.

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Client Management with Provenir + Mobile Intelligence

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ON-DEMAND WEBINAR

Client Management
with Provenir + Mobile Intelligence

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Discover Our Global Support Capabilities

Have you been wondering what Provenir’s Global Support Team is all about? Interested in hearing about our new investments to better serve your needs and enhance client management? Watch now and discover how we’re constantly improving our support capabilities to help you achieve your business goals.

Tune in and learn:

  • How we are working to improve the support portal for a better ticket management experience
  • Why we’ve moved to a tiered support model to keep your business running more efficiently
  • How we’re enhancing our customer engineering team to continue the focus on our ‘customer first’ approach
  • The ins and outs of maintenance/incident notifications, ticket priority definitions, and steps to raising/submitting support tickets

Speakers:

  • Julie Manella

    Vice President, Client Experience

  • Jason Panke

    Senior Director, Operations

RESOURCES

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