Financial health startup takes the top honor in the “Serving the Underserved” category
Parsippany, NJ – Nov. 15, 2021 – Provenir, a global leader in data analytics software and risk decisioning, today congratulated its customer SeedFi for winning the Tearsheet Challenger Awards 2021. Tearsheet’s Challengers Awards are the financial industry’s top awards program focused on digital banking.
SeedFi, along with its banking partner Cross River Bank, was selected as the winner in the “Serving the Underserved” category which recognizes and celebrates the companies and products that are enabling underserved consumers to build credit, save, and get immediate cash at responsible interest rates.
This is a critical juncture in the history of finance where the lives of more than 100 million people can improve faster than at any other time in history if they are given the tools needed to strengthen their financial position so they can overcome hardships. SeedFi was created to deliver these tools, helping consumers escape the endless cycles of debt, while securing a more promising financial future.
“According to a 2019 report by the Federal Reserve, 22% of American adults are either unbanked or underbanked, representing a challenge for those consumers to build credit,” said Kathy Stares, executive vice president, Americas, Provenir. “SeedFi is actively changing this dynamic through its innovative solutions that enable the underserved to borrow, save, and build credit. We congratulate SeedFi on the well-deserved honor of winning the prestigious Challenger Awards 2021.”
Provenir’s flagship product, Provenir AI-Powered Risk Decisioning Platform, is the industry’s first, true risk-decisioning ecosystem, powering SeedFi’s product 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.