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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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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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Provenir Recognized as Best Credit Risk Solution in the Credit & Collections Technology Awards for the Second Year Running

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Provenir Recognized as Best Credit Risk Solution
in the Credit & Collections Technology Awards for the Second Year Running

The accolade underscores the importance of data and AI-enabled risk decisioning to fortify fraud prevention, improve credit risk management, and automate decisions across the customer lifecycle

Parsippany, NJ — Nov. 21, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced it was named the winner for “Best Credit Risk Solution” in the Credit & Collections Technology Awards 2022. Provenir also won in this category in 2021.

The Credit & Collections Technology Awards highlight the success of companies and individuals leading the way in enhancing credit and collections technology.

“Provenir is honored to win the award for Best Credit Risk Solution again, which is a testament to our continued focus on innovation to drive the best business outcomes,” said Frode Berg, General Manager, Europe, at Provenir. “Provenir lets financial services providers push the boundaries of what’s possible with data, AI and decisioning to provide real-time approvals and more inclusive financial services access to individuals and companies worldwide.”

Provenir’s industry-leading AI-Powered 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 real-time, on-demand access to data, embedded AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem to enable smarter decisions across identity, fraud and credit – offering diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement both at onboarding when assessing risk, and in monitoring ongoing transactions for fraud.

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Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence

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Sekura and Provenir Partner
to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence

The combined solution is ideal to support BNPL, SME lending, retail and POS, new customer onboarding, auto financing, and banking and loan origination

Parsippany, NJ — Oct. 27, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced it has entered into a global partnership with Sekura Mobile Intelligence, a global provider of mobile data solutions. This partnership enables Provenir to provide customers access to trusted mobile data, direct from mobile operators through the Provenir Marketplace.

Sekura provides real-time mobile identity data signals direct from global mobile operators, providing trusted, secure and easy to consume solutions for identity (ID) verification, anti-fraud and secure online authentication use cases.

The Sekura ‘SAFr’ API, built to deliver industry-leading data, performance and reliability, enables Provenir customers to consume a suite of ID verification and fraud protection data attributes in real time. Sekura’s mobile solutions are available across five continents, spanning key global markets such as the U.K., France, Germany, Spain, Netherlands, Brazil, Canada, U.S., India and South Africa.

The combination of Sekura and Provenir is ideal to support customer use cases including BNPL, SME lending, retail and POS, new customer onboarding, auto financing, and banking and loan origination, delivering world-class user experiences and secure fraud protection for existing and new user workflows.

“With fraud incidents escalating, all organizations must be laser focused on preventing fraud,” said Carol Hamilton, Senior Vice President, Global Solutions at Provenir. “Sekura provides a comprehensive suite of mobile intelligence and identity data services that help Provenir customers identify fraudsters faster and protect their organizations from threatening activity.”

“The Sekura team is delighted to partner with Provenir and excited about the opportunities to combine the industry-leading skills and knowledge on both sides to create significant value for Provenir’s customers and their end users,” said Jim Small, Chief Operations Officer at Sekura.

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Provenir Named Finalist in the 2022 Fintech Futures Banking Tech Awards

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Provenir Named Finalist
in the 2022 Fintech Futures Banking Tech Awards

Company’s AI-Powered Risk Decisioning Platform recognized in the “Best Smart Banking Tech Solution – AI-Driven Data Insights” category

Parsippany, NJ — Oct. 25, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced it has been named a finalist in the “Best Smart Banking Tech Solution – AI-Driven Data Insights” category of the 2022 Fintech Futures Banking Tech Awards.

Winners will be unveiled on Dec. 1 during an awards ceremony at the Royal Lancaster Hotel in London.

The Banking Tech Awards recognize excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen. The awards are owned and produced by FinTech Futures, the definitive source of news and analysis of the global fintech sector.

“Provenir is honored to be named a Banking Tech Awards finalist, recognizing our innovative technology driving the financial services market forward,” said Frode Berg, General Manager, Europe, for Provenir. “Our research has shown that financial services executives see AI-enabled risk decisioning as the cornerstone to improvements in myriad areas. Provenir’s AI-Powered Risk Decisioning Platform delivers a unique combination of data, decisioning and AI that provides the foundation for more accurate, automated risk decisions across the customer lifecycle, resulting in much higher customer engagement.”

Provenir’s industry-leading AI-Powered Decisioning Platform is data-fueled and AI-driven for risk decisioning. The solution empowers financial services organizations to unlock the true value of data, combining universal data access with simplified AI and automated, real-time decisioning. With data more accessible and usable than before, financial institutions can automate complex decisions that drive world class customer experiences, addressing identify, credit and fraud for quicker onboarding and serving.

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Provenir’s AI-Powered Risk Decisioning Software is Soaring through the Fintech Community

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Provenir’s AI-Powered Risk Decisioning Software
is Soaring through the Fintech Community

In an exclusive discussion with Rajneesh De, Consulting Editor, APAC News Network, Varun Bhalla, Country Manager, Provenir India shares how easy access to many types of data and AI can empower financial services providers to provide credit to more consumers and SMEs in India while remaining compliant with regulations.

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What’s BNPL and How Does it Help You?

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What’s BNPL and How Does it Help You?

In Asia Pacific, ecommerce sales are skyrocketing and are poised to reach a new milestone of $2 trillion by 2025, a testament to the growth of ecommerce platforms and the shifting consumer behavior from retail to online sales. Along with that, adoption of new payment options, such as BNPL, has quickly expanded. India’s BNPL market stands at $3 to $3.5 billion today but is expected to see a huge surge of up to $45 to $50 billion by 2026. In this article in The Times of India, Varun Bhalla, Country Manager of Provenir, India explains how BNPL can help drive financial inclusion and e-commerce convenience.

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Provenir Named Finalist for Best Credit Risk Solution and Best Compliance & Regulatory Technology Solution in the Credit & Collections Technology Awards

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Provenir Named Finalist
for Best Credit Risk Solution and Best Compliance & Regulatory Technology Solution in the Credit & Collections Technology Awards

Provenir’s AI-Powered Decisioning Platform empowers organizations to unlock the true value of data, combining universal data access with simplified AI and automated, real-time decisioning

Parsippany, NJ — Oct. 18, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced its finalist status in the “Credit Risk Solution” and “Compliance & Regulatory Technology Solution” categories for the Credit & Collections Technology Awards 2022.

Winners will be revealed Nov. 17 during an awards ceremony at the Midland Hotel in Manchester, United Kingdom.

Now in its sixth year, the Credit & Collections Technology Awards highlight the success of companies and individuals leading the way in enhancing credit and collections technology.

“It’s a tremendous honor to be named a finalist in both the Credit Risk Solution and Compliance & Regulatory Technology Solution categories, as it illustrates that financial services organizations see AI-enabled risk decisioning as key to improving credit risk profile accuracy, fraud prevention, regulatory compliance and financial inclusion, and achieving cost savings,” said Frode Berg, General Manager, Europe, at Provenir. “Provenir’s AI-Powered Decisioning platform empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.”

Provenir’s industry-leading AI-Powered Decisioning Platform enables financial institutions to rapidly overcome the challenges that hold them back – data integration, AI deployment and decisioning automation. With data more accessible and usable than before, financial institutions can automate complex decisions that drive world class customer experiences, addressing identity, credit and fraud for quicker onboarding and serving.

The Ultimate Guide to Decision Engines

What is a decision engine and how does it help your business processes?

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