Retail + POS Lending
Say hello to real-time POS lending, and goodbye to abandoned carts.
Instant approvals
Get shoppers through checkout lines faster with automated credit decisions and personalized pricing.
Reduced risk
Easy data access and advanced machine learning capabilities let you better predict buyer risk.
Faster launches
Get new products to market faster. Use our no-code tools to build and launch on your timeline.
POS lending technology that powers retail financing.
As a point-of-sale lender, you know that two things matter: making the right decisions, and having the right tools to make them quickly. Whether you’re powering after-purchase payments, offering rent-to own-financing or providing retail financing for customers, buyers demand an extraordinary user experience — or they’ll walk away.
You need technology that supports one-click financing, and automation that powers approvals before a customer has time to walk away — and the data for retail credit risk management that also simplifies user experiences.
Benefits
Simple POS products as easy as one, two, checkout.
From in-store financing options to online payment choices at checkout, the Provenir AI-Powered Decisioning Platform lets you provide simple financing experiences that win new customers. Use advanced automation and predictive analytics to decision credit in real time.
Simplify applications
Want to make your application processes as simple as possible? Your answer is data. The Provenir Marketplace lets you integrate to new data sources in minutes. Explore alternative and traditional data options to improve decisioning accuracy.
React + adapt
Your risk technology should help you gain business agility. Provenir’s visual, no-code, drag-and-drop interface puts risk strategy innovation in your team’s hands. Gain the power to make rapid changes to risk models, decisioning processes and data integrations.
Predict risk
Eliminate recoding delays using Provenir’s model agnostic cloud suite. Upload predictive analytics models in R, SAS, Python, TensorFlow and more without recoding, easily testing and deploying using the visual user interface.
Instant decisioning
Convert buyers to borrowers with powerful automation workflows that turn data to decisions in under a second. Run applications through powerful predictive models, return personalized pricing options to customers and improve accuracy with machine learning capabilities.
Analyze performance
In a rapidly evolving market, you need to identify and quickly respond to new threats and opportunities. Our Business Intelligence solution lets you use the power of advanced data science capabilities to dive deeper into your data.
Drive innovation
Take control of innovation with the no-code, visual interface that lets your teams collaborate, iterate and get changes to market faster. Leverage autoscaling and support for multiple product lines to grow and evolve your business on your terms.
Questions
Frequently asked questions
Get the answers you need around POS lending technology and say goodbye to abandoned carts.
Want to learn more?
When you incorporate real-time credit risk decisioning into your POS lending technology, you enable instant approvals for your customers. Reducing friction in the buying process greatly improves the overall customer experience and reduces the likelihood of cart abandonment. Bonus: with real-time data and advanced analytics, you can even enable more personalized offers for your customers, improving their experience even more!
With an automated credit risk decisioning process behind your POS lending technology, you can make changes to decisioning processes on your timeline, not your IT department’s or your tech vendor’s. This allows you to respond to market changes faster and iterate on your workflows/products in market or launch new ones at record speed.
Variety is the spice of life – and it’s the case for data too. Using a combination of traditional credit data (including credit scores/credit bureau reports) and alternative data (transactional data, open banking, social media activity, mobile usage patterns, rent/utility payments) ensures a more holistic, accurate view of your customers – and a better understand of their creditworthiness, all in real-time.
The more accurate view of your customers, the more accurate your credit risk assessments. This means that you can say yes to more customers and their financing requests, detect fraud more effectively, reduce friction in the buying process for your customers, and launch new products with ease. With advanced analytics and real-time data access, you can ensure that you are always making the smartest, fastest risk decisions without sacrificing your risk strategy.
Our platform makes us unique. Our results make you stand out.
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.”
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.”
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.”
Companies like you choose Provenir
tbi bank
tbi bank is a mobile-first challenger bank in South East Europe and regional leader in alternative payment solutions.
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).
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.
Carbon
To support its ambitious growth plans to operate across Nigeria, Carbon needed a more flexible decision engine solution to manage their credit policies, scorecards, pricing and decisioning.
Resources to dig a little deeper
The Lending Revolution: Building World-Class Digital Lending Experiences in Southeast Asia
Read More
5 Ways Credit Risk Analytics Can Help Your Business Make Better Decisions
Read More
Building a Data-Driven Future: Credit Risk Management in India with AI and ML
Read More
Our reach is global
Provenir operates around the world, providing you with the data, technology and support you need to power a global business. We’re your go-to partner, regardless of time zone.