Data-as-a-Service: The Next Transformation for India’s Financial Institutions
With India’s analytics market expected to reach INR 11,200.42 billion by 2027, financial institutions in the country will become dependent on more data to speed up innovation, deliver unparalleled customer experiences and build the resilience.
In this Dataquest article, Varun Bhalla, General Manager, India for Provenir, explains how data marketplaces provide easy access to many types of data, allowing businesses to deliver higher value, eliminate risk and become the disruptor instead of the disrupted.
Credit and Alternative Credit Data. Credit data of credit bureaus and direct lenders supply. Aggregated transaction and telecom information. Biggest data one-stop shop.
Address Verification. Electronic utility bill of 90% of electricity grid payers in Nigeria.
Biggest Data Aggregator in Nigeria
CARMACHAIN gives you access to 80 million profiles of credit and alternative credit information in Nigeria.
Despite SMEs representing an overwhelming majority of businesses (and jobs) globally, they struggle to gain access to credit. Fintechs are rising to the SME lending challenge, with automated risk decisioning technology that provides instant approvals and speeds up funding from 10+ weeks to only HOURS. Is your decisioning tech up for the challenge?
Read the infographic to learn more on moving your SME lending process into the fast lane.
90% reduction in GTM timelines and cost. We are a one-stop platform where you can integrate with desired banking APIs and then go live within a few days. No need to run around for 5+ months to integrate with multiple banking partners to launch your products.
10x simple and seamless financial infrastructure. We are a full-stack platform, where you can select your desired modules, play in the sandbox, and launch your product with the APIs within a couple of weeks! Not only that, but we also take care of all upcoming fixes, iterations, and updates without breaking any flow.
“Decentro’s flexible and scalable APIs allow us to transform our consumer experience and also unlock many new opportunities to thrive in the neo-banking and lending space.”
Open Banking APIs to Launch Products 10x Faster
Decentro is an extremely easy-to-use API platform for banking integrations in India (and soon beyond). We do the hard work of tying up with legacy institutions so that you can just integrate your desired APIs and launch! We act as a full-stack platform where you can come, select your desired modules, play in the sandbox and launch your product with the APIs within a couple of weeks! Not only that, but we also take care of all upcoming fixes, iterations, and updates without breaking any flow.
In this interview with The Manila Times, Bharath Vellore, General Manager, Asia Pacific for Provenir, discussed how Data-as-a-Service cloud software can help the banking and finance industry gain deeper insights on credit risks so financial institutions could better serve the unbanked and improve fraud detection.
Thirty-two percent of SMEs now work with online lenders for business credit. Convenience, efficiency and the ability to get rapid approvals make working with digital lenders an obviously attractive choice. If you aren’t making it easy for SMEs to get the credit they need, your competitors will.
Discover how to:
Power quick and easy applications
Automate processes for real-time approvals
Lower the cost of loan origination
Use predictive analytics to keep risk in check
Check out the eBook and learn how to accelerate your SME lending and pave the way for world-class lending experiences.
Buy Now Pay Later has moved beyond a fad into an e-commerce staple, with a 200% increase in the use of BNPL services since the Covid-19 pandemic began. But as with most things in fintech, the landscape of BNPL is evolving, quickly. New competitors are popping up every day, regulations are changing rapidly and consumers’ expectations are growing – in fact, 80% of consumers rank speed as a key buying factor.
Join us for this panel discussion where we will discuss all things BNPL, including onboarding, the customer journey, changing regulations and more – and how to ensure you are prepared for the evolution.
Buy now pay later is here to stay and exploding with providers offering financing for everything… from electronics and fashion to home services and a whole range of consumables.
Consumers are adding BNPL payments to their existing lending debts at a blinding pace. FinTechs are leading the charge in BNPL offerings however traditional lenders are rapidly going to market with solutions to compete. The global BNPL industry is now around 24 billion dollars, and experts are saying the industry will grow as much as 15 times its current volume by 2025.
Speakers:
Cheryl Woodburn
Cheryl Woodburn serves as Country Manager for Canada at Provenir, a global leader in AI-powered risk decisioning software. Cheryl manages all operations as Provenir responds to the record-breaking growth the company is experiencing in North America.
Michael Shurley
Michael Shurley is the Vice President of Presales Solutions at Provenir and has more than two decades of experience working for financial services software vendors. Prior to joining Provenir in 2015, Michael was the Director of Industry Solutions at CapitalStream, a leading loan origination software provider, and the Director of Sales Consulting at AFS, a leading commercial loan servicing provider. Earlier in his career, Michael worked for both Wells Fargo Bank and Prudential Financial.
Online lending is a prime example of an industry tackling the ever-present issue of ease of customer journey vs secure customer identification.
Online applications are a perfect testing ground for cybercriminals to attempt to commit fraud so organizations must ensure their defences are resilient enough to only approve good customers.
Yet, new sources of data provide exciting new opportunities for both fintech companies and banks to provide a super streamlined process. In this webinar, you’ll learn:
Key market trends
How and why the fraudsters target online lenders
Ways in which to differentiate bad users from legitimate users
Challenges faced with regard to data and ID verification
How to develop the best strategies to combat online fraud
The most useful technologies available at your disposal
Join the conversation during our monthly fireside chat with a panel of industry experts as they discuss their best practices and experiences while answering your questions on hot topics that matter to you.
No PowerPoints. No scripts. No sales pitches.
Our first session will feature a discussion between Flinks and Provenir on how intelligent financial services have evolved—and where they’re going next.
