Buy Now, Pay Later
BNPL is evolving – is your decisioning technology future-proof?
Accurate Decisioning
Manage risk and mitigate defaults with highly accurate credit risk decisioning technology.
Built-In Evolution
Scalable and flexible technology lets you easily adapt to the evolving market and pending regulation.
Sustainable Profitability
AI/ML-driven insights ensure your technology is performing efficiently to maximize profits in any vertical or market.
BNPL Lending Technology that Powers Accurate Decisions and Agile Growth
The BNPL industry is evolving. Acquisition at any cost is no longer a viable strategy. It’s time to shift into a future-proof mindset. The inflection point for providers to evolve is now.
The leading BNPL players are agile, prepared to make changes rapidly – whether to reflect market demand, new regulation, or new verticals – and prioritize risk management. And Provenir is here to help.
With Provenir, BNPL providers can pivot to profitability by building, launching, and iterating products that will work in any market, any vertical, and with any risk appetite.
Benefits
Pivot to profitability with future-proof tech and sustainable strategies
Easily manage and adjust your data-driven risk models for optimal default and fraud mitigation.
Flexible, business user-friendly tech prepares you for pending regulation and helps you attract the right customers.
Stay on top of your strategy with AI/ML-powered insights to optimize efficiency and scale up or down based on current or projected market conditions.
Integrate Data
With Provenir, you can rely on accurate credit risk decisions. Feed the best relevant data directly into your decisioning engine. Get rapid access to a range of alternative data including behavioral scores, telco, and more.
Simplify Onboarding
Whether onboarding new merchants or signing up customers at checkout, you need to create a seamless application experience that supports real-time KYC, mitigates fraud and powers accurate credit approvals. Use Provenir’s powerful onboarding automation tools to create a streamlined experience that helps you meet current – or future – compliance and audit requirements.
Automate Decisioning
Our lending technology creates a risk decisioning ecosystem that fully automates decisioning across the customer lifecycle, including credit line management, transaction approvals and collections strategies. With straight-through processing to power real-time decisioning, you can meet customers where they are without sacrificing risk.
Deploy, Learn, Iterate
In this rapidly evolving industry, you need the flexibility to iterate often and maximize performance. Provenir’s low-code UI is designed to support a rapid deploy, learn and iterate cycle, while advanced analytics help optimize strategy. Take control of the process and reduce reliance on vendors and IT.
Power Advanced Analytics
Provenir supports an incredible range of advanced analytics and machine learning tools. The model agnostic platform eliminates the recoding delays that slow you down by empowering your team to deploy models in R, Python, SparkML, TensorFlow, and more.
CEO, North America, Klarna
“Provenir has delivered a solution that increases our agility and responsiveness to clients. The implementation of Provenir’s software will contribute towards Klarna’s global market goals.”
CEO, Dun & Bradstreet
“Provenir plays a vital role in navigating this balance between compliance and speed, because it gives us the ability to orchestrate all of our scoring and compliance processes very quickly.”
Credit Manager, Telia
“Provenir empowers the Telia Finance team to create and change credit offerings independently, process customer applications in seconds, and easily integrate to multiple data sources for better quality decisioning.”
VP of Dealer Services, GM Financial
“We have deep insight into every application and contract as we can instantly get real-time information whenever we need it.”
Managing Director, Novuna Capital
“The flexibility of Provenir allows us to create our own risk decisioning workflows that can easily connect with any data source.”
Accurate Decisions. Agile Platform. Future-Proof Technology.
Companies like you use Provenir
SoFi
SoFi benchmarked the project alongside its previous DevOps effort with its in-school college loan application. As a result of building out new automation and leveraging low code/no code technology enabled processes via the Provenir platform, SoFi was able to complete the project and go live in a shorter timeframe (within 10 weeks).
tbi bank
tbi bank is a mobile-first challenger bank in South East Europe and regional leader in alternative payment solutions.
Bigbank
Bigbank needed better credit and lending products that led to better customer experiences. That meant leaving outdated technology behind for a unified platform. That’s where Provenir came in.
BBVA
BBVA wanted scalable decisioning technology to power its SME and commercial business lines and deliver the best possible customer experience. Provenir was the leading choice.
Questions
Frequently asked questions
Get the answers you need to ensure your BNPL platform continues to thrive.
Want to learn more?
Traditional credit scores often don’t cut it when it comes to BNPL customers. Look for a BNPL software platform that enables automated decisions based on real-time, on-demand data from a variety of data sources. To assess creditworthiness more holistically, without having to rely on a hard credit check, look for data platforms that can integrate alternative data sources, like payment history, employment data, spending habits, web presence, travel data and social media info.
Look for a BNPL software platform that enables easy-to-complete applications for your customers, while ensuring accurate, rapid credit decisions based on real-time data. Implement BNPL technology that can leverage advanced analytics like AI/ML, automation in decisioning processes, and a wide variety of easily integrated data sources.
Ensure your BNPL can easily access and integrate real-time data to detect and prevent fraud more effectively. Implement advanced fraud prevention measures with data sources that offer real-time identity verification, KYC data, and alternative data like web presence, social media, and telco data to enhance your fraud prevention strategy. Additionally, look at advanced analytics like artificial intelligence and machine learning to monitor data and minimize losses, while still providing consumers with a seamless buying experience.
As the legislation around BNPL technology changes, providers need to regularly update policies, processes, and workflows to maintain compliance with data protection, privacy, and consumer protection regulations. Cloud-based platforms with low-code UIs ensure processes can be easily changed as required and ensures that security protocols are updated regularly. Look for ISO certifications to be confident your BNPL platform remains compliant.