NEWS

Provenir, a gold event sponsor, will unveil its new Provenir AI risk decisioning solution for fintechs and financial services providers

Parsippany, NJ — March 9, 2022 —Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced that Carol Hamilton, Provenir senior vice president of Global Solutions, will participate in a panel session titled, “Achieving Digital Acceleration – What Do Incumbents Need To Do?” at Finovate Europe 2022, held at the Intercontinental O2 in London March 22-23.

Provenir will also use the event as the global launch pad for its new Provenir AI-Powered Decisioning Platform that delivers a unique combination of data, decisioning and AI for more accurate, automated risk decisions across the customer lifecycle.  Attendees can view a demo at the Provenir stand #43 in the Expo Hall.

Hamilton’s panel session takes place on Wednesday, March 23 at 9:35 a.m. BST and will be moderated by Maria Phillips of Bridge RegTech. Hamilton will be joined by fellow panelists from SEB, ING, and AXA Next to discuss creating a lasting culture of innovation, competing in the global battle for talent, and strategies for incumbents to compete against fintechs.

During the session, Hamilton will speak to how fintechs and financial services organizations can adopt AI-powered decisioning to access the right data and support improved decisioning across the customer lifecycle.

According to a recent survey sponsored by Provenir, AI-enabled risk decisioning is seen as key to usher in improvements in many areas, including fraud prevention (78%), automating decisions across the credit lifecycle (58%), improving cost savings and efficiency (57%), more competitive pricing (51%) and improving accuracy of credit risk profiles (47%).

Finovate Europe showcases cutting-edge banking and financial technology through a unique blend of short-form demos and key insights from industry thought leaders. Attendees can watch the session live or on demand by purchasing a Finovate Europe 2022 digital pass.

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

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Appointment highlights company’s expanding global footprint

Parsippany, NJ — Feb. 8, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Lewis Horder has been appointed Sales Executive to serve the growing number of organizations seeking AI-powered risk decisioning solutions. Lewis will oversee sales operations, business development and go-to-market strategies for Benelux.

Horder brings more than 15 years’ experience in financial services. Prior to joining Provenir, Horder served as a Sales Director for EMEA at FIS. He also held various sales management roles at WorldPay UK, developing marketing strategies and identifying and building technology partnerships to reach new customers.

“Lewis has a deep understanding of the financial services market in Benelux and strong relationships having served as a trusted advisor to many organizations,” said Frode Berg, Provenir’s Managing Director of EMEA. “Similar to other areas in the region, the need to improve the customer experience is driving innovative fintechs and banks in Benelux to seek out real-time decisioning solutions. Lewis will lead our efforts to address the growing demand for Provenir’s AI-Powered Risk Decisioning Platform.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for fintechs and financial services providers. It brings together a global data marketplace, powerful AI, and world-class decisioning into one single platform so organizations can provide the real-time decisioning today’s consumers’ demand.

Connect with Lewis on LinkedIn

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

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Woodburn brings more than 25 years’ experience in growing markets and creating new value for customers

Parsippany, NJ — Feb. 3, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Cheryl Woodburn has been appointed Country Manager for Canada to support the record-breaking growth the company is experiencing in North America. Woodburn will manage all operations as Provenir responds to growing demand in Canada.

Woodburn has more than 25 years of experience in global software, analytics, data and technology markets. Prior to joining Provenir, Woodburn served as Vice President, Sales at Equifax. She also held senior leadership roles at FICO and IBM, overseeing sales and customer success teams, sales enablement, and business operations.

“We are thrilled to add Cheryl’s deep product knowledge and leadership experience to our team,” said Kathy Stares, Executive Vice President, Provenir North America. “Demand for Provenir’s AI-powered risk decisioning software is exploding as organizations struggle to pivot to a customer-first model. Provenir expedites the risk-decisioning process, allowing financial services organizations to provide real-time decisions and raise the bar in terms of the customer service they can deliver.”

“Provenir is one of the world’s leading fintechs and is redefining the risk decisioning paradigm,” said Woodburn. “I’m excited to be part of this shift, and I look forward to helping Canadian organizations completely transform their businesses and reimagine their customers’ experience leveraging Provenir’s leading-edge decisioning solutions.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for fintechs and financial services providers. It brings together a global data marketplace, powerful AI, and world-class decisioning into one single platform so organizations can provide the real-time decisioning today’s consumers demand.

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

NEWS

AI-powered risk decisioning provider realizes a 190+ percent increase in new customers and a 55 percent SaaS revenue increase, amid continued global expansion

Parsippany, NJ — Feb. 2, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced record growth in 2021, achieving a 194 percent increase in new customers and a 55 percent increase in Software-as-a-Service revenue year over year.

Provenir also continued its global expansion in response to increased demand for its products and services. In 2021, the company moved into new markets, including Germany, Austria, Switzerland (DACH), Turkey, the Middle East, the Balkans, and Africa, and expanded its presence in Latin America and Asia, bringing the total number of countries served to nearly 50.

As a result of this growth, the company increased its global workforce by 49 percent last year.

This growth sets the stage for Provenir to gain additional traction in key global regions and in the growing Buy Now Pay Later (BNPL) and challenger bank sectors, which need technology that provides access to alternative data for smarter decisioning and faster client onboarding.

“We are extremely proud of our record-breaking performance in 2021, and we see no signs of this momentum slowing down in 2022,” said Larry Smith, Founder and CEO of Provenir. “We are witnessing significant expansion in the types of businesses seeking our real-time decisioning solution across all geographies. Our unified solution brings together the three essential components of risk decisioning – data, AI and decisioning – into one single decisioning platform to help organizations provide the real-time decisioning customers demand today.”

Additional key company milestones achieved in 2021 include:

• Introduced product innovations such as Cloud 2.0 and Provenir AI, which continue to simplify data access, make AI accessible and automate decisioning.  
• Invested 25 percent of revenue in research and development to continue developing industry-defining solutions, including extending AI capabilities.
• Welcomed more than 60 new partners to the Provenir Marketplace, a comprehensive fintech data and intelligence ecosystem providing access to more than 530 country/data/partner combinations through a single Application Programming Interface (API).
• Expanded the use of Provenir for financial inclusion with customers in all regions.
• Among other accolades received, Provenir was recognized as the “Best Credit Risk Solution” in the Credit & Collections Technology Awards, qualified as a finalist in Credit Strategy’s Credit Awards in the “Best Technology Provider” category and was named to the Inc. 5000 Fastest Growing Private Companies in America.

Provenir customers include leaders and challengers in the fintech and financial service sectors such as Zilch, AskIf, Kueski, Koko, Reliant Funding and Rent-A-Center that are gaining a decisive advantage

NEWS

Appointment underscores company’s growing presence in the region.

Parsippany, NJ —Jan. 11, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Waldemar Faltenberg has been appointed Senior Sales Executive, DACH, following the company’s rapid growth in 2021 and increased demand for its products and services in the region. Faltenberg will manage sales operations for Austria, Germany and Switzerland as Provenir continues to expand its presence worldwide.

Faltenberg brings more than 15 years’ experience in financial servicesto his new role. Prior to joining Provenir, he served in senior sales management and consulting positions at BFS finance GMBH, VR Smart Finanz AG, VR Leasing AG and Coface, developing marketing strategies, building and expanding partnerships and guiding clients through digitalization projects to modernize their online channels. 

“Waldemar has a wealth of experience in the German banking market and in credit risk decisioning specifically,” said Frode Berg, Managing Director EMEA. “An increasing number of organizations in EMEA are selecting Provenir as their risk decisioning partner. Waldemar will spearhead our efforts to engage with fintech innovators and innovative banks seeking access to industry-leading AI-powered risk decisioning software for real-time credit decisioning.”

“I am excited to join Provenir at this pivotal time as demand for solutions enabling real-time processes is surging to meet customers’ desire for instant decisions,” said Waldemar. “The market for financial services solutions in DACH is growing rapidly, and I look forward to continuing to build upon Provenir’s momentum in the region.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem. 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.

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

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Hamilton brings experience in delivering value to customers through creation of innovative technology solutions

PARSIPPANY, NJ–Dec. 14, 2021 – Provenir, a global leader in AI-powered risk decisioning software, has appointed Carol Hamilton as the new Senior Vice President, Global Solutions, to accelerate the company’s business strategy and growth plan. In her new role, Hamilton will be responsible for leading and extending Provenir’s solutions including credit, fraud and identity and expanding Provenir’s market-leading cloud data offering, the Provenir Marketplace, to help customers tackle real business challenges and make smarter, faster decisions.

Hamilton brings rich experience in developing fraud, compliance and security solutions for the financial services industry. Prior to joining Provenir, Hamilton held senior leadership roles at GBG, SAS and BAE Systems leading regional teams responsible for creating long-term strategy, driving growth, and seeking new areas for expansion.

“We are thrilled to have Carol join our leadership team,” said Larry Smith, CEO and Founder. “Her wealth of experience in creating solutions that address specific challenges within the financial services industry will be integral to expanding our offerings to help fintechs and financial services organizations drive innovation and efficiency.”

“I’m delighted to join Provenir at such an exciting time,” Hamilton said. “The entire landscape of finance is changing, driven by the need for flexible solutions that can respond in real-time to ever changing consumer expectations, regulations and fraud. I look forward to working with the team at Provenir to help organizations build their processes and systems to provide the best experience for their customers.”

Connect with Carol on LinkedIn

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