Large-format retailer and finance company named finalist in the “Best Example of Customer Implementation of Embedded Finance” category
Parsippany, NJ, Nov. 12, 2021 –Provenir, a global leader in data analytics software and risk decisioning, today congratulated its customer Curacao for being recognized as a Tearsheet Embedded Awards 2021 finalist in the “Best Example of Customer implementation of Embedded Finance” category for expanding financing services to help generations of underbanked consumers.
The nature of the financial institution is changing and embedded finance turns every app, software, retailer, and business into a bank. Tearsheet’s Embedded Awards are the financial industry’s top awards program focused on embedded finance, recognizing the best, most innovative players in the embedded finance and banking as a service space.
Curacao, formerly called La Curacao, began as a small local retail store in 1980 catering primarily to the Latino community in Los Angeles and has since expanded its retail footprint 13 stores and growing in Southern California, Arizona and Nevada. Contributing to Curacao’s growth is its ability to offer leading consumer product brands and services, including its own innovative export, travel and money transfer services, all accessible through its Curacao Credit offering.
Curacao has made credit available and accessible to more than two million customers, enabling them to access the products they need to live their best lives today. By partnering with leading technology and data partners such as Provenir, the company continues to open and streamline the channels for customer acquisition and servicing.
“Curacao continues to innovate and evolve its servicing and decisioning platforms to offer consumers hyper convenience and ubiquitous access to services that meet their current and future needs,” said Kathy Stares, Executive Vice President, Americas, Provenir. “We congratulate Curacao on their recognition and look forward to continuing to support Curacao’s growth by delivering real-time risk decisioning technology that enables the company to easily design, build, and deploy solutions to solve complex business challenges such as retail financing and credit card management.”
Provenir’s flagship product, Provenir AI-Powered Risk Decisioning Platform, is the industry’s first, true risk-decisioning ecosystem, powering Curacao’s offerings. The Provenir AI-Powered Risk Decisioning Platform 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 offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (PaaS) cloud solution that best fits their business needs.