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Turkish Consumer Finance Company Quick Finans Selects Provenir’s AI-Powered Data and Decisioning Platform

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Turkish Consumer Finance Company Quick Finans
Selects Provenir’s AI-Powered Data and Decisioning Platform

Provenir’s no-code platform delivers rapid deployment, flexibility and scalability for a growing company

Parsippany, NJ — Jan. 26, 2023 — Provenir, a global leader in data and AI-powered risk decisioning software, announced today that Quick Finans, a consumer finance company located in Turkey, has selected Provenir’s AI-Powered Data and Decisioning Platform to quickly approve and onboard new customers.

Quick Finans, a wholly owned subsidiary of Quick Insurance, which is under the umbrella of Maher Holding, offers solutions for consumer finance loans (GPL), auto financing, mortgages, agricultural financing, and small business lending. They were looking for a low/no code platform that could be deployed quickly, modified in real-time and scale as the company expands its offerings.

“After evaluating several options, we determined that Provenir best met our requirements and could support our aggressive growth strategies,” said Cumhur Taş – Deputy General Manager responsible for Credit & Operations in Quick Finans. “The platform provides the flexibility we need to power our business now and in the future. Another key differentiator was the ability to easily access and integrate new data sources to help us gain a more holistic view of our applicants and customers.”

“We are pleased to partner with Quick Finans to develop real-time decisioning solutions that will provide a superior customer experience,” said Emre Unlusoy, Regional Manager for Provenir. “Provenir’s no-code, visual UI eliminates vendor and development team reliance, and will provide Quick Finans the flexibility and agility needed to rapidly make changes, test new strategies and get products to market faster.”

Provenir’s industry-leading AI-Powered Data and Decisioning Platform is data fueled and AI driven for smarter risk decisioning. The solution, managed through a single UI, empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk. With the unique combination of universal access to data, embedded AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – offering diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement both at onboarding when assessing risk and monitoring ongoing transactions for fraud.

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Fintech in 2023: Predictions From Provenir, THORWallet DEX, Riskified

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Fintech in 2023:
Predictions From Provenir, THORWallet DEX, Riskified

As 2023 kicks off, The Fintech Times is tapping industry experts for their predictions for the coming year.  In this article, Kathy Stares, Executive Vice President, America for Provenir, shares her insights on the incredible opportunity (and challenge) fintechs have to demonstrate how best to operate in uncertain times.

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Interview: Real-Time Credit Decisioning Solutions that will Enable Organizations to Innovate Faster

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Interview:
Real-Time Credit Decisioning Solutions that will Enable Organizations to Innovate Faster

The Fintech space in India has seen tremendous growth in the last few years. According to a recent report by Bain, the fintech sector in India is expected to grow to $350 billion in enterprise value and will account for nearly 15 percent of Financial Services market cap by 2026. With this, the demand for innovative fintech solutions is also on the rise.

In an exclusive interview with CXOToday, Varun Bhalla, Country Manager – Provenir India, shares his insights on the need for purpose-built technology designed to power decisioning innovation across the full customer lifecycle.

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Provenir Named to Credit & Collections Technology Power List of Top 20 Companies in 2022

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Provenir Named to Credit & Collections Technology
Power List of Top 20 Companies in 2022

The annual Power List compiled by Credit Connect features the most influential and innovative companies within the credit and collections technology sector.

Parsippany, NJ — Dec. 22, 2022 — Provenir, a global leader in data and AI-powered risk decisioning software for the fintech industry, today announced it has been named to the Credit & Collections Technology Power List of top 20 companies in 2022.

The Power List is an annual guide to the most influential and innovative companies within the credit and collections technology sector. The list is compiled by Credit Connect and is based upon a company’s performance in the Credit & Collections Technology Awards over the past five years whereby a company has been awarded points based upon wins and finalist status.

Provenir was named the winner for “Best Credit Risk Solution” in the Credit & Collections Technology Awards 2022; Provenir also won in this category in 2021.

“Being named to the Credit & Collections Technology Power List is a great honor for Provenir,” said Provenir’s Frode Berg, General Manager, Europe. “We are proud to work with industry leading financial services providers and fintechs to deliver AI-powered data and decisioning, empowering organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility without increased risk.”

The complete Credit & Collections Technology Power List can be found here.

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Meeting Customers “Where They Are” Through Financial Inclusion and Hyper-Personalization

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Meeting Customers “Where They Are”
Through Financial Inclusion and Hyper-Personalization

The current economic climate poses significant challenges for both businesses and consumers – a situation the financial services industry must recognize as both a threat and an opportunity. With consumers’ shifting economic situations, risk profiles are changing, necessitating that financial services companies meet their customers where they are by providing a higher level of personalization than ever before. It also means changing the traditional business models that have excluded a significant part of the population. 

In this Finance Digest article, Kathy Stares, Provenir’s EVP, North America discusses how the use of prescriptive analytics that leverage alternate data, machine learning and AI can help organizations lean into financial inclusion and hyper-personalization.

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Alejandro Ronzon Joins Provenir as Director of Sales for Latin America

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Alejandro Ronzon Joins Provenir
as Director of Sales for Latin America

Ronzon brings more than 20 years of software sales and business development experience in LATAM

MEXICO CITY – Provenir, a global leader in AI-powered data and risk decisioning software for the fintech industry, announced today that Alejandro Ronzon has joined as the Director of Sales for Provenir in Latin America. In this role, Alejandro will oversee sales, customer success, market development and go-to-market strategies.

Alejandro brings more than 20 years of experience in the technology space, developing successful organizations from the ground-up and building solid relationships with key partners and customers across the Latin America region. Prior to joining Provenir, Alejandro served in leadership roles at Snow Software, Microsafe and CityCom.

“The fintech space in the LATAM region, including the Caribbean, has experienced triple-digit growth in the last four years,” said Jose Vargas, Executive Vice President, LATAM for Provenir. “This growth has resulted in unprecedented demand for Provenir’s AI-powered Data and AI risk decisioning software as organizations seek new ways to minimize risk, identify and prevent fraud, and serve individuals and SMEs who do not qualify for credit using traditional lending practices. Alejandro brings a unique combination of experience and knowledge that will help us engage with these innovators to revolutionize risk decisioning in Latin America.”

“With more than 2,500 fintechs driving innovation across the region, banking has become more agile and easier for the people that traditionally did not have access, commented Alejandro. “More than 400 million citizens are currently unbanked/underbanked which provides fintechs and financial services providers the opportunity to grow their customer bases significantly. I am excited to be part of this company that will make a difference in the lives of millions of people by helping clients reinvent their credit risk decisioning practices.”

Provenir’s industry-leading AI-Powered Data and Decisioning Platform ease of use and flexibility allows for smarter risk decisioning. The solution, managed through a single UI, empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.

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Fintech DeltaPay Selects Provenir’s AI-Powered Data and Risk Decisioning Platform to Power its Buy Now, Pay Later Offerings

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Fintech DeltaPay Selects Provenir’s AI-Powered Data and Risk Decisioning Platform
to Power its Buy Now, Pay Later Offerings

DeltaPay cites Provenir’s flexible architecture, easy access to data and technical expertise as key to providing more citizens with access to affordable credit

Parsippany, NJ — Provenir, a global leader in AI-powered risk decisioning software, announced today that DeltaPay, an emerging fintech headquartered in Kenya, has selected Provenir’s AI-Powered Data and Risk Decisioning Platform to power its Buy Now, Pay Later offerings.

DeltaPay’s mission is to empower people with the financial access to enable them pursue lives of dignity and prosperity. By leveraging alternative data, including behavioral data, DeltaPay provides more citizens with access to affordable and flexible credit. This allows them to improve their purchasing power, and ultimately, their livelihoods.

“Our mission is to provide millions of unbanked and neglected segments with access to affordable credit. In our quest, we sought a like-minded partner to complement our business model and help us scale,” said Kiprop Chirchir, CEO and co-founder, DeltaPay. “Provenir’s architectural design, platform flexibility and technical capabilities set them apart from their competitors.

The Provenir Marketplace provides easy access to financial and behavioral data partners through a single API, which not only makes technical implementation easier but also enables us to go to market faster. Following our launch in Kenya, we plan to scale our operation to other regions including Uganda, Tanzania, Rwanda, DRC, Nigeria and Ghana in the next five years. Provenir will be our partner of choice in this expansion plan.”

“DeltaPay is differentiating itself by creating a holistic view of an individual’s ability to pay through the use of alternative data,” said Adrian Pillay, Vice President, Middle East and Africa for Provenir. “Our AI-Powered Data and Decisioning Platform provides the data, AI and decisioning capabilities needed to help DeltaPay eradicate financial exclusion and improve the customer experience by consistently removing friction from the process for both consumers and merchants. We are excited to partner with them on this journey.”

Provenir’s industry-leading AI-Powered Data and Decisioning Platform ease of use and flexibility allows for smarter risk decisioning. The solution, managed through a single UI, empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.

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How AI-Driven Data Enhances CX

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How AI-Driven Data Enhances CX

The use of artificial intelligence and machine learning continues to exponentially increase across a wide variety of industries. This CMSWire article taps several experts, including Kathy Stares, EVP, North America at Provenir, to take a look at the ways that AI and ML can enhance a brand’s data strategy and improve the customer experience.

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Ten Fintechs Using Alternative Data for Financial Inclusion

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Attacking Banking and Fintech Fraud Head-On Through AI-Infused Strategies

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Attacking Banking and Fintech Fraud Head-On
Through AI-Infused Strategies

New research shows that 43 percent of financial services organizations expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months, as scammers target vulnerable consumers struggling with rising bills.

In this Finance Digest article, Carol Hamilton, Chief Growth Officer for Provenir, shares why traditional policy-based approaches to identifying fraud often fail. A more enlightened approach involves leveraging optimized contextual scorecards, machine learning algorithms and outlier detection — all types of AI-infused strategies to improve fraud detection and accuracy.

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The Alternative Data and AI Imperative for Inclusive Credit Decisioning

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The Alternative Data and AI Imperative
for Inclusive Credit Decisioning

Gen Z, which is transitioning from school to the workforce, and has never known life without a smartphone or the Internet, has an estimated collective buying power that is nearing $150 billion. However, one study shows that only 47 percent of Gen Z — versus 75 percent of Baby Boomers and 70 percent of Millennials — has an account with a traditional bank, credit union, neobank or technology company.

In this Datatechvibe article, Kim Minor, Senior Vice President, Marketing for Provenir, discusses how alternative data and AI can help traditional financial institutions serve this unbanked/underbanked population.

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Ten Fintechs Using Alternative Data for Financial Inclusion

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