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Provenir Expands Presence in Middle East and Africa with New Prominent Appointment

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Provenir Expands Presence in Middle East and Africa with New Prominent Appointment

Industry veteran appointed to meet growing demand for its products and services

Parsippany, NJ — Sept. 21, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced today that Adrian Pillay has joined as Vice President of Sales for Middle East and Africa as part of the company’s expanding investment in the region to meet growing demand for its AI-driven risk decisioning platform.

Adrian brings more than 20 years of experience implementing successful go-to-market strategies and building key partnerships in numerous financial markets. He has served in a variety of leadership roles at FICO, TransUnion, Experian, Dun & Bradstreet and Accenture. Adrian joins existing sales associates Elias Gitau and Tatenda Nigel Chinodakufa and is quickly building out a broader sales and go to market team to service the region. 

“The number of fintechs in Africa is exploding with thousands being set up every year,” said Geoff Miller, Chief Commercial Officer for Provenir. “These fintechs are raising record investments as they seize the opportunity to provide a more responsive customer experience. According to McKinsey, nearly two-thirds of Africa’s 1.3 billion people do not have a bank account or full access to financial services, and 90% of all transactions on the continent are still cash-based. The opportunity to provide digital finance to this underserved population is enormous, and Provenir’s AI-powered decisioning platform can quickly help fintechs extend financial services to previously unbanked individuals.”

Nigerian consumer fintech company Carbon is leveraging Provenir’s technology to bring transformative change to the payments industry in Africa. “Delivering on customer expectations and providing a superior experience that is safe and reliable is a key priority. Partnering with Provenir allows us to give customers greater access to credit and quality financial services and we look forward to helping reshape the overall payment experience,” said Ngozi Dozie, Co-founder of Carbon.

Commenting on his appointment, Adrian said: “This is a time of unprecedented growth and disruption across the Middle East and Africa and Provenir has a very compelling solution that fits perfectly in this landscape. I am excited to join the company and help the team meet the growing demand for AI-driven risk decisioning solutions.”

Provenir’s industry-leading AI-Powered Decisioning Platform uniquely combines universal access to data, simplified AI, and sophisticated decisioning technology. This provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, optimized decisions, and a continuous feedback loop for constant improvement.

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Cedar Rose

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Partners

Cedar Rose

Global Business Intelligence and Compliance Solutions for Fast Client Onboarding

Key Benefits

  • Access to over 150 million entities in over 230 countries. Gain real-time access to one of the world’s largest corporate and legal entity databases. Reduce onboarding costs, identify and stop fraud, prevent financial and reputational losses, avoid non-compliance penalties and combat financial crime such as money laundering and terrorism financing.
  • Create valuable opportunities and sustainable long-term business relationships. Identify and onboard new customers, partners or investors seamlessly through our identification and compliance management solutions. For existing business relationships, our solutions can help monitor any changes and provide critical alerts like bankruptcies, liquidation, and change of ownership.

“The range of projects has covered almost every possible due diligence requirement, from the most basic documentation verification to some of the most challenging individual profiles. Cedar Rose has always performed to the highest standards of expertise.”

B&K INTERNATIONAL, USA

Building Trust, Driving Smart Decisions

Cedar Rose provides high-quality credit risk reporting and analysis, business intelligence and investigative due diligence on companies across the world.

Our core belief is simple: by facilitating trust, we can help our clients create valuable opportunities and sustainable long-term business relationships. With unparalleled access to solid, reliable information on your business partners, transactions can be made safer and more secure so your company can continue to grow with confidence.

With our state-of-the-art AI-powered processes and technology to capture, edit and present information, we deliver reports that are reliable and complete, quickly. Our services include company credit reports, full due diligence, electronic identity verification (KYC and KYB), compliance checks, and many other risk analysis and verification solutions.

Resources

About Cedar Rose

  • Services

    Company credit reports

    Due Diligence Reports (Individual and Company)

    Electronic Identity Verification (KYC and KYB)

    Automated Compliance Screening

    Global Sanctions and Watchlists Checks

    PEP Screening

    Adverse Media Checks

    Data Sets

    Marketing Lists

  • Regions Supported

    Global

    Europe

    Middle East

    Africa

    Asia

    Australia

    North America

    South America

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Transforming Financial Institutions through Data-as-a-Service

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Transforming Financial Institutions
through Data-as-a-Service

Outdated system capabilities, limited access to data and outdated decisioning engines make it difficult for many financial institutions to implement advanced credit models to gain a holistic view of the consumer and help make more equitable credit decisions.

Financial institutions will increasingly depend on data as the go-to solution to accelerate innovation and create opportunities. In this article in Financial CIO, Bharath Vellore, General Manager of Asia-Pacific at Provenir, discussed the role Data-as-a-Service (DaaS) plays in opening doors to improve credit decisioning and ensure financial inclusivity, through efforts to bank the unbanked in Southeast Asia.

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Ten Companies Using Alternative Data for the Greater Good

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How BNPL Providers can Future Proof Their Technology Platforms

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How BNPL Providers
can Future Proof Their Technology Platforms

In the fast-moving BNPL sector, risk decisioning that’s accurate and based on real-time information is essential. Equally important is the ability to adapt and comply with a changing regulatory landscape.

In this interview with Nordic Fintech Magazine, Frode Berg, General Manager of EMEA for Provenir, discusses how an AI-powered, purpose-built risk decisioning platform can deliver benefit for BNPL consumers and merchants.

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15 Companies Changing the Landscape of Buy Now, Pay Later

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Provenir Expands its Presence in Spain, Growing the Company’s Global Footprint

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NEWS

Provenir Expands its Presence in Spain,
Growing the Company’s Global Footprint

Sales and SaaS industry veteran Pablo Pérez Álvarez joins team in response to increasing demand for company’s AI-powered risk decisioning software

Parsippany, NJ — Sept. 20, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Pablo Pérez Álvarez will be joining the company’s sales team in Spain to serve the growing number of financial services organizations seeking AI-powered risk decisioning solutions. Pérez Álvarez will be responsible for creating go-to market strategies and leading business development activities.  

Prior to joining Provenir, Pablo served as a business development executive in the SaaS industry. He has experience defining marketing and commercial strategies, developing sales strategies, and identifying market opportunities. Alvarez will be based in Valencia.. 

“Financial services providers and fintechs must deliver personalized customer experiences and meet consumer expectations for instant decisions to remain competitive,” said Frode Berg, Provenir’s Managing Director of EMEA. “A growing number of organizations are seeking our AI-powered risk decisioning platform to gather deeper insights from many types of data and make automated decisions that best serve the needs of consumers. Pablo will help us meet this quickly growing demand in the region.” 

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for financial services organizations. 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, users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs. 

15 Companies Changing the Landscape of Buy Now, Pay Later

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Inovatec Partners with Provenir to Deliver Advanced Decisioning Solutions to Lenders

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NEWS

Inovatec Partners with Provenir
to Deliver Advanced Decisioning Solutions to Lenders

AI-Powered Capabilities Improve Accuracy and Efficiency to Accelerate Automobile Lending  

BURNABY, BC, September 20, 2022 – Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software. As a result, Inovatec’s roster of automobile lenders can access Provenir’s proven portfolio of AI-driven decisioning solutions through open APIs that are embedded into Inovatec’s market-leading LOS platform. 

Headquartered in Parsippany, New Jersey, Provenir is a global provider of smart decisioning solutions that enable lenders, finance companies and other financial institutions to lower risk and make faster, more accurate decisions on credit applications. The company’s Provenir AI-Powered Decisioning Platform is a no-code cloud-based solution that serves a multitude of markets, including BNPL, retail point-of-sale, fintech, banking, as well as automobile lending.

“Inovatec’s configurable loan origination and loan management solutions efficiently support third party solutions that improve the speed, reliability and efficiency of the entire lending process,” said Bob Metodiev, head of business development at Inovatec. “We are very happy to make Provenir’s decisioning solutions available to our customers and deliver these robust benefits. This integration continues our effort to ensure that the lenders we serve have access to the most impactful services available in the market.”    

Inovatec’s LOS, LMS and Consumer Direct technology allows lenders to streamline loan processing, decisioning, and management with intelligent automation that can be configured to meet lender needs. The company’s offerings enable lenders to leverage a range of innovative services through open APIs, giving lenders the power to adjust workflows and utilize advanced features like analytics and alternative data to make accurate decisions, grow their portfolios and build marketshare.

“We are excited to partner with market leader Inovatec  to help lenders provide an excellent consumer experience while meeting consumers demand for real-time decisions,” said Kathy Stares, executive vice president, North America for Provenir. “Through the unique combination of universal access to data, simplified AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem that enables organizations to make smarter decisions instantly across the entire customer lifecycle. Combined with Inovatec’s industry-leading solutions, lenders will be empowered to make smart, automated decisions while providing the best possible experience to their customers, thus gaining a competitive advantage.”

For information on Inovatec’s integrated loan origination system, loan management system, and customer portal solution, visit www.inovatec.com.

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ID-Pal

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Partners

ID-Pal

Real-Time Identity and Address Verification across any customer channel

Key Benefits

  • Compliant by design. Fully customizable. The best of both worlds: An out-of-the-box solution available as an API/SDK. Integrate seamlessly with existing KYC/KYB processes. Customize every touchpoint for your AML and KYC process in a branded business portal.
  • Simple, seamless and secure. Delight users with a seamless onboarding experience. Enable real-time decision-making for your team. Prioritize high-risk submissions and remove bad actors sooner using a multi-layered verification solution that verifies both identities and addresses in seconds.

“With a relentless focus on continuously improving our customer experience, we look forward to continuing to work together with ID-Pal to further enhance our on-boarding experience, bringing efficiencies to our clients and partners whilst also achieving our regulatory compliance objectives.”

HUBERT O’DONOHUE, GENERAL MANAGER OF AIB MERCHANT SERVICES

Identify Verification. Made Simple.

ID-Pal enables the seamless exchange of trusted identities anytime, anywhere. For your business, it gives confidence in decisions made while saving time and money from the efficiencies delivered.  Our use of biometrics, AI and database checks offer the easiest and fastest way to a robustly verify an identity.

ID-Pal delivers:

  • A seamless user experience that enables a customer to verify their identity credentials in real-time across any channel, simply and securely.
  • Robust multi-layered verification of an individual’s identity and address, with fraud prevention and data protection best practices integrated into every step of the journey.
  • Accelerated digital transformation with a solution that maximizes customer conversion rates whilst preventing fraud at source during onboarding – a key component of a compliance framework.

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About ID-Pal

  • Services

    • Identity & Address Verification: Industry-leading Biometric, Facial and Document checks.
    • Global Coverage: 6000+ Identity Documents and 200+ Verified Address Data Sources.
    • Onboarding Efficiencies: Automated decisioning, dynamic workflows for streamlined exceptions process.
    • Built-in Compliance: Best Practice AML & GDPR compliance built into every step of the journey.
    • Transparent Audit Trail: Comprehensive Client Due Diligence Report automatically generated within business portal.

  • Regions Supported

    • Global

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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking

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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking

Younger generations’ expectations of engaging or interacting with a bank or financial institution is very different from that of previous generations. These digital native consumers expect instant decisions, personalized offers, and automated, digital experiences. This requires

In this InformationWeek article, Kathy Stares, Executive Vice President, North America for Provenir, shares her thoughts on how banks and FIs can gain deeper insights by using more data sources, AI and machine learning to power a new level of decisioning speed and accuracy.

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10 Fintechs that are Transforming SME Lending

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Codat

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Partners

Codat

Make Faster, More Accurate SMB Credit Decisions

Key Benefits

  • Get smarter insights and a 360° view of your small business customers’ financial health. Assess enriches your customers’ real-time accounting, commerce, and banking data and surfaces intelligent insights you didn’t have before. Assess enriches your SMB customers’ data and produces actionable insights to help you underwrite better.
  • Say yes and launch new products faster. Simple and quick data sharing for business customers. SMB data in the right format, ready to be plugged into credit models. Access to real-time data with the ratios and metrics you need to launch new products faster.

“Accounting data is a critical part in making the best investment decisions for Clearco’s customers. Codat’s API allows us to quickly assess accuracy and risk while at the same time maintain our streamlined application process.”

BEN BRIDEAUX, DIRECTOR OF OPERATIONS AT CLEARCO

Codat is the Universal API for Small Business Data

Codat helps banks build deeper connections with business customers.

We offer products that make it easy to access, synchronize, and interpret data from customers’ financial software for specific use cases, such as onboarding suppliers to commercial card programs and underwriting business loans.

Codat is used by the largest banks in the world to grow share of wallet, reduce churn & scale their operations. We are backed by leading investors including JP Morgan, Canapi Ventures, Shopify, Plaid, Tiger Global, PayPal Ventures, Index Ventures, and American Express Ventures.

Resources

About Codat

  • Standardized Integrations

    Accounting API – Connect to your SMB customers’ accounting data

    Commerce API – Connect to your SMB customers’ commerce data

    Open Banking API – Connect to your SMB customers’ banking data

  • Automate Reconciliation

    Sync for Commerce – Embedded accounting integrations for PoS and eCommerce platforms

    Sync for Expenses – Embedded accounting integrations for corporate card providers

  • Regions Supported

    Global

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