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Provenir Named Finalist for Best Credit Risk Solution and Best Compliance & Regulatory Technology Solution in the Credit & Collections Technology Awards

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NEWS

Provenir Named Finalist
for Best Credit Risk Solution and Best Compliance & Regulatory Technology Solution in the Credit & Collections Technology Awards

Provenir’s AI-Powered Decisioning Platform empowers organizations to unlock the true value of data, combining universal data access with simplified AI and automated, real-time decisioning

Parsippany, NJ — Oct. 18, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced its finalist status in the “Credit Risk Solution” and “Compliance & Regulatory Technology Solution” categories for the Credit & Collections Technology Awards 2022.

Winners will be revealed Nov. 17 during an awards ceremony at the Midland Hotel in Manchester, United Kingdom.

Now in its sixth year, the Credit & Collections Technology Awards highlight the success of companies and individuals leading the way in enhancing credit and collections technology.

“It’s a tremendous honor to be named a finalist in both the Credit Risk Solution and Compliance & Regulatory Technology Solution categories, as it illustrates that financial services organizations see AI-enabled risk decisioning as key to improving credit risk profile accuracy, fraud prevention, regulatory compliance and financial inclusion, and achieving cost savings,” said Frode Berg, General Manager, Europe, at Provenir. “Provenir’s AI-Powered Decisioning platform empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.”

Provenir’s industry-leading AI-Powered Decisioning Platform enables financial institutions to rapidly overcome the challenges that hold them back – data integration, AI deployment and decisioning automation. With data more accessible and usable than before, financial institutions can automate complex decisions that drive world class customer experiences, addressing identity, credit and fraud for quicker onboarding and serving.

The Ultimate Guide to Decision Engines

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The History of Credit Scores: Infographic

Written by Amy Sariego on . Posted in Resource, Uncategorized. No Comments on The History of Credit Scores: Infographic

INFOGRAPHIC

The History of Credit Scores

The term ‘credit score’ is often thrown around when it comes to financial services and products, but what does it really mean?

There’s a lot to know about how credit scores impact the way the average person goes about their day-to-day life. Whether you’re signing up for your first credit card or looking to apply for a mortgage, your credit score plays a huge role in determining whether you’ll be able to achieve some of your financial goals. 

Something just as important – and a term as equally thrown around – is a credit report. Your credit report determines how much interest you’ll have to pay back on loans, credit cards, and mortgages and whether you’ll be approved for them in the first place. 

Credit scores and reports as we know them have only been around for a few decades but are part of a long history of merchants, lenders, and decision engines. Here, Provenir explores when credit scores were invented, how they’re calculated, and how consumer credit reporting works, so you can know more about your money. 

Read on for your no-nonsense guide to all things credit.

When were credit scores invented and how does credit scoring work?

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RESOURCE LIBRARY

Optimizing Your Data Strategy
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Optimizing Your Data Strategy

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Data Now, Fewer Losses Later: Optimize Your BNPL Data Strategy
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Provenir for Telco Data Sheet

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Provenir for Telco

Finding new, creditworthy subscribers while retaining your current ones can be especially difficult for telcos in a highly competitive landscape.

Activating those subscribers without increasing your risk is even harder. That’s why it’s so important to get the right decisioning technology. With Provenir’s AI-Powered Decisioning platform, telcos have the power to increase activations while minimizing risk across the customer lifecycle. Explore what you can do with a unified decisioning solution that offers more accurate risk assessment, real-time decisions, and flexible, data-driven processes.

Transform Your Telco into a Decisioning Superhero

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ADDITIONAL RESOURCES

Optimizing Your Data Strategy
Blog ::

Optimizing Your Data Strategy

BLOG Mo' Data, Mo' Problems:Choosing the Right Data Why the ...
Read More
Guest Blog: Three Best Practices for Implementing Digital ID Verification
Blog ::

Guest Blog: Three Best Practices for ...

GUEST BLOG Three Best Practicesfor Implementing Digital ID Verification Christina ...
Read More
Infographic ::

Infographic: The Benefits of Unified ...

INFOGRAPHIC The Benefits of Unified Access to AI-Powered Decisioning & ...
Read More
Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence
News ::

Sekura and Provenir Partner to Fortif...

\nThe combination of Sekura and Provenir is ideal to support ...
Read More
Provenir Named Finalist in the 2022 Fintech Futures Banking Tech Awards
News ::

Provenir Named Finalist in the 2022 F...

NEWS Provenir Named Finalistin the 2022 Fintech Futures Banking Tech ...
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Provenir’s AI-Powered Risk Decisioning Software is Soaring through the Fintech Community
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Data Now, Fewer Losses Later: Optimize Your BNPL Data Strategy
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Buy Now, Pay Later: Automated Decisioning Technology for a Frictionless Customer Experience

Written by Amy Sariego on . Posted in Resource, Webinars. No Comments on Buy Now, Pay Later: Automated Decisioning Technology for a Frictionless Customer Experience

ON-DEMAND WEBINAR

Buy Now, Pay Later:
Automated Decisioning Technology for a Frictionless Customer Experience

Book a Meeting

The Buy Now, Pay Later market continues to grow and diversify. New providers are still emerging, partnerships between fintechs and larger, traditional banking institutions are solidifying – and consumers are getting more and more demanding. Sixty percent of customers abandon applications for unsecured lending products during digital onboarding, due to slow or complex application processes and a lack of(real or perceived) security. Whether you’re a new entrant to the market or a seasoned BNPL provider, providing a frictionless customer experience is critical to maintaining your competitive advantage. But how can you stay ahead of the competition and still effectively manage your risk?

Key Highlights:

  • Why a unified platform for data, AI and decisioning can help you analyze and action your data (including decisioning performance data, credit risk, fraud and compliance) for flexibility and scalability throughout the entire customer lifecycle
  • How easily accessing a variety of data sources(including alternative data) via a single API, offers a more holistic view of your customers, and encourages financial inclusion
  • The importance of automated decisioning for real-time approvals and a frictionless customer experience
  • How to develop, deploy and adapt sophisticated risk models without heavy reliance on your vendors/partners – getting you to market faster than your competition

RESOURCES

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Mistho

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

Partners

Mistho

Mistho – Open Payroll API

Key Benefits

  • Collect 100% verified payroll and employment information including original documents. With Mistho your end-users will be able to share their income and employment information with you straight from their employer’s HR and payroll system. No more risk of fraud, no more unreliable manual uploads.
  • Build fully digital customer journeys and improve conversion. With Mistho, you can turn long verification processes into seconds and all within your existing digital flows via our SDK, allowing you to better qualify leads and convert those that matter.

“With Mistho, we can turn verification processes that sometimes take days waiting for manual responses from individuals or their employers into seconds.”

ANONYMOUS

Mistho – Open Payroll Connectivity for Europe

Mistho offers the first open payroll API for Europe that enables consumers to easily access and securely share their employment and payroll data with counterparties such as banks, insurers and lenders at the click of a button.

Our goal is to build the backend infrastructure for sharing payroll information and to help businesses offer the best consumer experience across the Fintech industry. We allow businesses to easily integrate the Mistho flow seamlessly into their existing customer journeys to verify end-user income without disrupting the user experience.

Using the Mistho API, customers can improve conversion rates, time in underwriting, reduce fraud and significantly reduce manual verification costs.

Resources

About Mistho

  • Services

    • Income Verification
    • Employment Verification
    • Manual upload and OCR for payslips

  • Regions Supported

    United Kingdom

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Provenir for Collections

Written by Amy Sariego on . Posted in Resource, Uncategorized. No Comments on Provenir for Collections

DATA SHEET

Provenir for Collections

Faster strategy deployment. Reduced losses. Improved customer relationships.

Take your collections management to the next level with Provenir’s AI-Powered Decisioning Platform. Your collections success relies on using the right treatment strategy at exactly the right time – and with Provenir at the center of your customer relationship management ecosystem, you’ll have the power to use all your customer data with advanced analytics tools, including AI/ML, to fully optimize your collection strategy.

The Ultimate Guide to Decision Engines

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

Read the Blog

RESOURCE LIBRARY

Optimizing Your Data Strategy
Blog ::

Optimizing Your Data Strategy

BLOG Mo' Data, Mo' Problems:Choosing the Right Data Why the ...
Read More
Guest Blog: Three Best Practices for Implementing Digital ID Verification
Blog ::

Guest Blog: Three Best Practices for ...

GUEST BLOG Three Best Practicesfor Implementing Digital ID Verification Christina ...
Read More
Infographic ::

Infographic: The Benefits of Unified ...

INFOGRAPHIC The Benefits of Unified Access to AI-Powered Decisioning & ...
Read More
Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence
News ::

Sekura and Provenir Partner to Fortif...

\nThe combination of Sekura and Provenir is ideal to support ...
Read More
Provenir Named Finalist in the 2022 Fintech Futures Banking Tech Awards
News ::

Provenir Named Finalist in the 2022 F...

NEWS Provenir Named Finalistin the 2022 Fintech Futures Banking Tech ...
Read More
Provenir’s AI-Powered Risk Decisioning Software is Soaring through the Fintech Community
News ::

Provenir’s AI-Powered Risk Decisionin...

NEWS Provenir’s AI-Powered Risk Decisioning Softwareis Soaring through the Fintech ...
Read More
Data Now, Fewer Losses Later: Optimize Your BNPL Data Strategy
Blog ::

Data Now, Fewer Losses Later: Optimiz...

BLOG Data Now, Fewer Losses Later:Optimize Your BNPL Data Strategy ...
Read More
What’s BNPL and How Does it Help You?
News ::

What’s BNPL and How Does it Help You?

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CRiskCo

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

Partners

CRiskCo

CRiskCo – Open Accounting API

Key Benefits

  • Single API to gain Financial & Accounting aggregate data. Automated financial spreading including calculating key financial ratios (DSO, Quick Ratio, Debt Ratio), with 60 seconds of client onboarding time and real-time financial alerts.
  • Increasing financial visibility and lowering risk exposure. Enabling SMBs and professional credit providers to better evaluate the credibility of their business customers, detect fraud and prevent future credit failures.

“CRiskCo enables us to leverage off additional financial data, streamline our processes and make faster decisions, resulting in better outcomes for our clients and us.”

CEO, BUSINESS FUEL

Single API to Gain Financial and Accounting Data

CRiskCo platform aids the customer by providing automated financial insights, credit reports, and ongoing monitoring, measuring, and alerting on their clients’ financial health.

CRiskCo collects financial data straight from the source, from the accounting systems of the business or alternative resources (e.g. SAT in Mexico). Based on the client’s customer journey and requirements, data can be collected from one or more resources. CRiskCo then standardizes the data and runs predictive analytics to generate a real-time risk score and financial health alerts.

The ease of use, the standardized reporting and advanced Risk report assist our clients in evaluating commercial credit applications and monitoring the financial health of customers throughout the trade credit life cycle.

Resources

About CRiskCo

  • Services

    CRiskCo Approve

  • Countries Supported

    • Mexico
    • United States
    • Australia
    • United Kingdom
    • Israel

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IN-D.AI

Written by Amy Sariego on . Posted in Partners. No Comments on IN-D.AI

Partners

IN-D.AI

Automate Document-Based Operations with IN-D’s AI-Powered Solutions

Key Benefits

  • Digital Identity Verification for KYC Checks. Deter fraud and provide a seamless user experience to let your customers prove their identity by just scanning their ID document and taking a selfie. Build trust with your customers by our image forensics and passive liveness AI/ML technology.
  • Income Verification and Analysis Checks. Auto classify (sort) income documents (scanned or PDF), verify and extract key borrower data while keeping an eye out for potential frauds. Verify applicant income to manage risk, exposure limits and assess credibility in no time.

Contactless but Connected Enterprise Powered by AI

IN-D (www.in-d.ai) is an AI Powered platform that enables low-cost and location agnostic digital operations by automating “Document to Data” processes. Our pre-trained models help organizations in performing identity verification checks for KYC (including video KYC), income analysis by processing bank statements/salary slips, conduct risk audits or perform due diligence in securitization transactions, among other things.

IN-D’s focus on innovation has been recognized by enterprises and tech leaders – it is part of the Microsoft for Startups program, winner of United Nations PFIP Innovation contest, selected for EY Foundry, finalist at AWS ML Elevate and has won many other accolades.

Resources

About IN-D.AI

  • Services

    • IN-D Income Verification & Analysis
      • IN-D Bank Statement Analyzer
      • IN-D Salary Slip
      • IN-D Financial Statements

    • IN-D Identity Verification
      • IN-D ID OCR
      • IN-D Document Forensics
      • IN-D Face Match
      • IN-D Face Liveness
      • IN-D Signature Match
      • IN-D Document Quality Check

  • Regions Supported

    • Global

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Ekata

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

Partners

Ekata

Global Identity Data to Streamline Passive Authentication

Key Benefits

  • Use of Probabilistic Data for Identity Verifications. Utilizing a probabilistic approach enables passive authentication by weaving different types of dynamic data available in online sign-ups or transaction flow to authenticate a customer behind the scenes without introducing friction.
  • Proprietary Datasets Underlies the Identity Engine. The Identity Graph and Identity Network datasets are built around core identity attributes (name, address, phone, email, IP address) that are transformed into valuable insights that allow businesses to make risk decisions about their customers.

“By implementing Ekata’s data into our workflow, we increased our pre-KYC approval rate by 60% and reduced application abandonment by 50%.”

LEADING GLOBAL BUY NOW, PAY LATER COMPANY

Trusted Data for Digital Identity Verification

Ekata provides global identity verification solutions via enterprise-grade APIs for automated decisioning, and Pro Insight, a SaaS solution for manual review. Ekata’s product suite is powered by the Ekata Identity Engine, the first and only cross-border identity verification engine of its kind. It uses complex machine learning algorithms across the five core consumer attributes of name, address, phone, email, and IP address, to derive unique data links and features from billions of real-time transactions within the Ekata proprietary network and data licensed from a broad spectrum of global providers. Businesses around the world leverage Ekata’s product suite to reduce customer friction at account opening, increase approvals of good transactions, and find fraud.

Resources

About Ekata

  • Services

    • Detect creation of fraudulent user accounts to stop bad actors from accessing your platform
    • Reduce false declines to improve customer experiences
    • Fight payment fraud and make accurate risk decisions pre-, post-, and during authorization
    • Expedite authorization and reduce customer friction at the point of transaction
    • Cross verify customer information with credible data and improve confidence in manual reviews

  • Regions Supported

    • Global

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