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Provenir Named Finalist in the ‘Best Technology Partner’ Category for the Credit Strategy Lending Awards 2022

NEWS

Provenir Named Finalist
in the ‘Best Technology Partner’ Category for the Credit Strategy Lending Awards 2022

The annual awards program recognizes success in consumer, commercial and residential lending

Parsippany, NJ — Oct. 4, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, is a finalist in the “Best Technology Partner” category of the Credit Strategy Lending Awards 2022.

The Credit Strategy Lending Awards is the only awards program honoring individuals, teams and businesses across alternative lending, commercial finance, and mortgage industries. The awards celebrate excellence across the entire lending market. Award winners will be announced Nov. 1 during the awards ceremony at the Hilton London Bankside.

“Provenir is proud to be recognized as a finalist for ‘Best Technology Partner’ as it illustrates our commitment to delivering a cohesive risk ecosystem that enables lenders to make smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, optimized decisions and a continuous feedback loop for constant improvement,” said Frode Berg, General Manager, Europe, for Provenir. “Provenir incorporates AI and machine learning into data models which enables lenders to mitigate risk, institute real-time fraud strategies and ensure regulatory compliance for their customers.”

Provenir’s industry-leading AI-Powered Decisioning Platform is data-fueled and AI-driven for risk decisioning. The solution empowers fintechs and 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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4 Ways to Boost Hyper-Personalization for Financial Services

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4 Ways to Boost Hyper-Personalization
for Financial Services

Many established financial services organizations struggle to provide the hyper-personalization today’s consumers demand. In this CMSWire feature, Kathy Stares, Executive Vice President, North America for Provenir joins other experts in offering insights on tapping into and improving those hyper-personalized experiences.

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Harnessing AI in Risk Decisioning

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Harnessing AI in Risk Decisioning

Risk decisioning or risk assessment has traditionally been a detail intensive task with someone sifting through information or data to make informed decisions based on the risk profiles. Using AI, organizations can process a larger volume and variety of data to spot patterns, gain better insight into their customers and identify potential risks at scale. 

Listen to this podcast on BFM 89.9, The Business Station, as Bharath Vellore, Provenir’s General Manager for the APAC region, shares insights into how AI can help improve the customer experience and financial inclusion. 

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Provenir Expands Presence in Middle East and Africa with New Prominent Appointment

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Provenir Expands Presence in Middle East and Africa with New Prominent Appointment

Industry veteran appointed to meet growing demand for its products and services

Parsippany, NJ — Sept. 21, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced today that Adrian Pillay has joined as Vice President of Sales for Middle East and Africa as part of the company’s expanding investment in the region to meet growing demand for its AI-driven risk decisioning platform.

Adrian brings more than 20 years of experience implementing successful go-to-market strategies and building key partnerships in numerous financial markets. He has served in a variety of leadership roles at FICO, TransUnion, Experian, Dun & Bradstreet and Accenture. Adrian joins existing sales associates Elias Gitau and Tatenda Nigel Chinodakufa and is quickly building out a broader sales and go to market team to service the region. 

“The number of fintechs in Africa is exploding with thousands being set up every year,” said Geoff Miller, Chief Commercial Officer for Provenir. “These fintechs are raising record investments as they seize the opportunity to provide a more responsive customer experience. According to McKinsey, nearly two-thirds of Africa’s 1.3 billion people do not have a bank account or full access to financial services, and 90% of all transactions on the continent are still cash-based. The opportunity to provide digital finance to this underserved population is enormous, and Provenir’s AI-powered decisioning platform can quickly help fintechs extend financial services to previously unbanked individuals.”

Nigerian consumer fintech company Carbon is leveraging Provenir’s technology to bring transformative change to the payments industry in Africa. “Delivering on customer expectations and providing a superior experience that is safe and reliable is a key priority. Partnering with Provenir allows us to give customers greater access to credit and quality financial services and we look forward to helping reshape the overall payment experience,” said Ngozi Dozie, Co-founder of Carbon.

Commenting on his appointment, Adrian said: “This is a time of unprecedented growth and disruption across the Middle East and Africa and Provenir has a very compelling solution that fits perfectly in this landscape. I am excited to join the company and help the team meet the growing demand for AI-driven risk decisioning solutions.”

Provenir’s industry-leading AI-Powered Decisioning Platform uniquely combines universal access to data, simplified AI, and sophisticated decisioning technology. This provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, optimized decisions, and a continuous feedback loop for constant improvement.

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Transforming Financial Institutions through Data-as-a-Service

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Transforming Financial Institutions
through Data-as-a-Service

Outdated system capabilities, limited access to data and outdated decisioning engines make it difficult for many financial institutions to implement advanced credit models to gain a holistic view of the consumer and help make more equitable credit decisions.

Financial institutions will increasingly depend on data as the go-to solution to accelerate innovation and create opportunities. In this article in Financial CIO, Bharath Vellore, General Manager of Asia-Pacific at Provenir, discussed the role Data-as-a-Service (DaaS) plays in opening doors to improve credit decisioning and ensure financial inclusivity, through efforts to bank the unbanked in Southeast Asia.

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How BNPL Providers can Future Proof Their Technology Platforms

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How BNPL Providers
can Future Proof Their Technology Platforms

In the fast-moving BNPL sector, risk decisioning that’s accurate and based on real-time information is essential. Equally important is the ability to adapt and comply with a changing regulatory landscape.

In this interview with Nordic Fintech Magazine, Frode Berg, General Manager of EMEA for Provenir, discusses how an AI-powered, purpose-built risk decisioning platform can deliver benefit for BNPL consumers and merchants.

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Provenir Expands its Presence in Spain, Growing the Company’s Global Footprint

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Provenir Expands its Presence in Spain,
Growing the Company’s Global Footprint

Sales and SaaS industry veteran Pablo Pérez Álvarez joins team in response to increasing demand for company’s AI-powered risk decisioning software

Parsippany, NJ — Sept. 20, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Pablo Pérez Álvarez will be joining the company’s sales team in Spain to serve the growing number of financial services organizations seeking AI-powered risk decisioning solutions. Pérez Álvarez will be responsible for creating go-to market strategies and leading business development activities.  

Prior to joining Provenir, Pablo served as a business development executive in the SaaS industry. He has experience defining marketing and commercial strategies, developing sales strategies, and identifying market opportunities. Alvarez will be based in Valencia.. 

“Financial services providers and fintechs must deliver personalized customer experiences and meet consumer expectations for instant decisions to remain competitive,” said Frode Berg, Provenir’s Managing Director of EMEA. “A growing number of organizations are seeking our AI-powered risk decisioning platform to gather deeper insights from many types of data and make automated decisions that best serve the needs of consumers. Pablo will help us meet this quickly growing demand in the region.” 

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for financial services organizations. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience, users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs. 

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Inovatec Partners with Provenir to Deliver Advanced Decisioning Solutions to Lenders

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Inovatec Partners with Provenir
to Deliver Advanced Decisioning Solutions to Lenders

AI-Powered Capabilities Improve Accuracy and Efficiency to Accelerate Automobile Lending  

BURNABY, BC, September 20, 2022 – Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software. As a result, Inovatec’s roster of automobile lenders can access Provenir’s proven portfolio of AI-driven decisioning solutions through open APIs that are embedded into Inovatec’s market-leading LOS platform. 

Headquartered in Parsippany, New Jersey, Provenir is a global provider of smart decisioning solutions that enable lenders, finance companies and other financial institutions to lower risk and make faster, more accurate decisions on credit applications. The company’s Provenir AI-Powered Decisioning Platform is a no-code cloud-based solution that serves a multitude of markets, including BNPL, retail point-of-sale, fintech, banking, as well as automobile lending.

“Inovatec’s configurable loan origination and loan management solutions efficiently support third party solutions that improve the speed, reliability and efficiency of the entire lending process,” said Bob Metodiev, head of business development at Inovatec. “We are very happy to make Provenir’s decisioning solutions available to our customers and deliver these robust benefits. This integration continues our effort to ensure that the lenders we serve have access to the most impactful services available in the market.”    

Inovatec’s LOS, LMS and Consumer Direct technology allows lenders to streamline loan processing, decisioning, and management with intelligent automation that can be configured to meet lender needs. The company’s offerings enable lenders to leverage a range of innovative services through open APIs, giving lenders the power to adjust workflows and utilize advanced features like analytics and alternative data to make accurate decisions, grow their portfolios and build marketshare.

“We are excited to partner with market leader Inovatec  to help lenders provide an excellent consumer experience while meeting consumers demand for real-time decisions,” said Kathy Stares, executive vice president, North America for Provenir. “Through the unique combination of universal access to data, simplified AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem that enables organizations to make smarter decisions instantly across the entire customer lifecycle. Combined with Inovatec’s industry-leading solutions, lenders will be empowered to make smart, automated decisions while providing the best possible experience to their customers, thus gaining a competitive advantage.”

For information on Inovatec’s integrated loan origination system, loan management system, and customer portal solution, visit www.inovatec.com.

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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking

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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking

Younger generations’ expectations of engaging or interacting with a bank or financial institution is very different from that of previous generations. These digital native consumers expect instant decisions, personalized offers, and automated, digital experiences. This requires

In this InformationWeek article, Kathy Stares, Executive Vice President, North America for Provenir, shares her thoughts on how banks and FIs can gain deeper insights by using more data sources, AI and machine learning to power a new level of decisioning speed and accuracy.

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How can Fintechs Help the Developing World?

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How can Fintechs Help
the Developing World?

During August, The Fintech Times, highlighted some of the amazing things fintechs are doing around the world. In this article, Provenir’s SVP of Global Solutions, Carol Hamilton, weighs in on how fintechs can help the developing world.

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