SME Lending
It’s a world of instant everything. Why should SME loan approvals be any different?
Rapid innovation
Our low-code user interface lets you make changes in minutes and get to market faster.
Smarter decisioning
Simple data integration makes accessing and using data in your decisioning fast and easy.
Faster approvals
Sophisticated automation tools empower your business to automatically approve loans in milliseconds.
Make smarter SME lending decisions, faster.
With its high risk and high costs, traditional banks shy away from SME lending. At Provenir, we work with innovative small business lenders like you who are stepping up to take on the challenge.
While automated processes and real-time decisioning are the minimum requirements you expect from an online SME lending platform, you know you need more. You need a solution that drives risk strategy innovation. That means making changes in minutes, deploying sophisticated credit risk models without relying on vendors and accessing the right data, at the right time.
Benefits
Increase SME loan approvals without increasing risks.
Industry-leading automation and integration capabilities are at the heart of the Provenir AI-Powered Decisioning Platform. We streamline every step of the lending process so you can lower origination costs, make smarter decisions and power the rapid approvals customers expect.
Easy integration
Say goodbye to the days of scattered data. Use the Provenir Marketplace and advanced integration tools to rapidly integrate with a wide variety of data sources. Plus, you can connect internal and external disparate systems to create a powerful decisioning hub.
Eliminate recoding
Provenir’s model-agnostic platform supports rapid deployment of models developed in virtually any analytics tool including R, Python, SAS and Excel, without recoding. Our visual interface empowers your business and dev teams to collaborate, eliminating delays that slow down product launches and impede your agility.
Design, don’t build
Use Provenir’s low-code platform to rapidly create, test and operationalize sophisticated decisioning workflows. The visual interface makes it easy for both technical and business users to add models, integrate data and automate decisioning.
Automate decisioning
Provenir’s digital lending platform lets you approve loans in real time with fully automated, straight-through processing. Streamlined workflows eliminate manual processing and let you focus expensive resources on high-risk applications — and other strategic growth areas for your business.
Launch at speed
We get it, you need to get new products to market faster. The visual testing within the Provenir AI-Powered Decisioning Platform lets you do just that. Rapidly test and operationalize processes directly in your web browser to mobilize new product verticals.
Innovate + iterate
To disrupt the traditional SME lending industry, you need technology that powers innovation. Provenir is designed and built to improve collaboration, increase agility and encourage the creativity that drives your business forward.
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.”
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.”
Novuna Business Cash Flow
“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.”
Our platform makes us unique. Our results make you stand out.
Companies like you choose 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 for more accurate, faster decisions when lending to SMEs.
Want to learn more?
By automating your decisioning process and using advanced analytics like machine learning and AI to find patterns in your decisioning data and quickly analyze large amounts of data, you can help ensure better fraud prevention by more quickly and accurately predicting and detecting suspicious activity. With easy access to a variety of data sources through Provenir Data, including traditional and alternative data, you can more easily verify identity, business status, credit score and other essential business information to detect fraudulent activity.
Improved data quality and a variety of data sources improve your risk assessments and more accurately determine the creditworthiness of SMEs. Better data also helps to reduce fraud, and improves your efficiency in processing loan applications, allowing your customers to get approved and get access to funds in days instead of weeks or months. Better data and analysis of that data also helps you identify critical cross-sell and upsell opportunities, increasing revenue and profitability per customer.
Using automated decisioning and machine learning algorithms as part of your SME lending solutions reduces your team’s reliance on manual processing, allowing you to increase capacity and scale as needed when the market demands. And with a low-code user interface with drag-and-drop functionality, you can also make changes to your processes quickly and easily, allowing you to iterate workflows and pivot to your customers’ needs.
Innovation is the name of the game when it comes to SME lending. With a low-code user interface, you can make changes to processes and launch new decisioning workflows in minutes to get new products to market faster. And with automated decisioning, real-time data, and advanced analytics, you are able to automatically approve more loans, faster – because if you aren’t offering credit quickly, your competitors will.