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Provenir Statement: COVID-19

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Provenir Statement:
COVID-19

During this turbulent and challenging time, Provenir would like to assure our community that we are committed to helping limit the spread of the Coronavirus (COVID-19) outbreak. The health and safety of our employees and their families, our clients, and the wider community is our primary concern.
Provenir is actively and continuously monitoring the Coronavirus (COVID-19) outbreak and following public health guidelines issued in the areas that we operate. To help do our part in this difficult time we have implemented a Business Continuity Plan that includes a company-wide remote working and travel restriction policy for all employees until further notice.
We’re confident that our team will continue to provide the same high-quality support to our clients and would like to reassure all global customers that we do not anticipate any operational impact on our business. Our services will continue as normal via telephone, email, video or web conferencing facilities.
If you have any questions, then please don’t hesitate to contact us. Let’s stay safe and take care of each other.
Best,
Larry Smith, CEO and Founder

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Meridian Credit Union: Selects Provenir to Power Risk Decisioning Innovation

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Meridian Credit Union:
Selects Provenir to Power Risk Decisioning Innovation

Industry leaders, Provenir and Meridian Credit Union, partner to power industry leading banking experiences for Members.

New Jersey, US – March 11, 2020 – Provenir, a leader in risk decisioning and data analytics software, announced today that Meridian has selected the Provenir Platform to help power innovation strategies and deliver world-class lending experiences for its members. Meridian, Ontario’s largest credit union and the third largest in Canada, is a recognized leader with notable industry-first digital innovations.

Provenir’s Platform will now form the technology foundation used by the Meridian team to robustly manage credit risk, allowing Meridian to rapidly respond to member needs. The Platform processes, assesses, and decisions credit applications in real-time, mitigating potential risks while powering industry-leading consumer experiences.

“With Meridian’s ambitious innovation plans and deep focus on delivering a differentiated experience along with a superior level of service to our Members, the partnership with Provenir is an obvious choice, “said Leo Gautreau, Chief Risk Officer at Meridian  “We will be able to make decisions faster, using accurate and real time data customized to better meet the needs of our Members.”

Provenir’s Executive Vice President for the Americas, Kathy Stares, is thrilled to partner with Meridian, “It’s an incredible opportunity to work with such a creative team and we’re excited to help Meridian lead innovation in the Canadian financial services industry,” said Stares. “It’s rewarding to see the Platform used to power outstanding digital lending experiences and we’re confident that we can help Meridian to continue to support its members with exceptional services as it grows throughout the region!”


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Provenir Announces its First Client in Colombia: Creci

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Provenir Announces its First Client in Colombia:
Creci

Provenir and Creci partner to drive lending innovation, agility and credit risk management to provide social impact companies with faster access to funding.

Miami, Florida – March 4, 2020 – Provenir, a leading risk analytics software company, today announced Creci as a new client. Creci is a Colombian-American Fintech specializing in providing credit to small businesses, both in Latin America and the United States, that generate social impact and are focused on achieving the Sustainable Development Objectives defined by the United Nations.

Creci—a new start-up based in Hollywood, Florida, with offices in Medellin—chose Provenir to meet all of its credit risk decisioning needs. With Provenir, Creci will approve loans instantly through its digital platform and operationalize risk models in real time using the integrations offered by Provenir, thus ensuring future business agility and growth.

Andres Idarraga, CEO and Co-Founder of Creci, explained, “In order to develop our own risk decision models and at the same time meet our goal of empowering small businesses that generate social impact, we needed to digitize our processes. So, we are happy to be working with Provenir, an industry-leading technology company that works on solutions for leading fintech and global financial institutions.”

“We are very excited to have Creci as our first Colombian client using Provenir’s innovative platform, it will help manage not only their real-time risk decision processes, but also ensure an openness to technology and a speedy market entry. Creci is a unique institution in its market, as it is 100% dedicated to financing projects with social impact. And, I am sure that the growth of innovative companies in Latin America, such as Creci, offers a huge opportunity for Provenir and our region,” said Gaston Peralta, Director of Business Development for Latin America.

Provenir offers a unique and innovative product to help small fintech companies control their credit risk and in turn powers the growth of SME and individual lending in Latin America. In addition, Provenir supports other financial institutions, such as banks and neo-banks, to manage their risk exposure using solutions that allows them to quickly and easily implement their own strategies and risk models. Which means, that businesses can focus on powering growth and providing a better experience for their users. “Provenir makes the same advanced and innovative technology used by leading global financial institutions available to our region” added Gaston Peralta.

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Provenir Builds on Global Presence with Expansion into Canada

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Provenir Builds on Global Presence
with Expansion into Canada

Provenir Builds on Global Presence with Expansion into Canada

Provenir opens Toronto office, led by Julie Mannella, to support growth into Canadian Financial Services Market

New Jersey, US – November 20, 2019Provenir, leader in decisioning and analytics software, today announced Toronto as the home for their new Canadian branch. The Toronto location will support Provenir’s expansion into Canada and act as a Provenir resource hub for clients in the region. The Toronto office builds on Provenir’s growing global footprint, which includes offices in the UK, Singapore, and the US.

Provenir’s Director of Sales, Julie Manella, based in the Toronto office, will spearhead the company’s expansion into the region. “Canada is home to incredibly innovative financial services companies, and we’re thrilled to join the thriving FinTech community in Toronto.” Says Mannella, “Our new Canadian footprint empowers us to form much closer partnerships with both new and existing clients across the region. We’re excited to join forces with lenders from coast-to-coast. It’s a fantastic opportunity to help them propel decisioning innovation forward with the implementation of sophisticated risk strategies.”

The Toronto office is located at the heart of the Financial District.

About Provenir

Provenir makes risk analytics faster and simpler for financial institutions. The Provenir risk analytics and decisioning platform is a powerful orchestration hub that can listen to any channel, integrate with any data service and operationalize any analytic model. Helping clients process more applications with greater efficiency and increase sales conversions with instant, real-time risk decisioning. Provenir serves clients across a broad range of financial verticals including consumer, cards, payments, ecommerce and auto financing. Provenir is headquartered in Parsippany, New Jersey with EMEA operations based in England, LATAM operations in Miami, and APAC operations in Singapore. For more information please visit www.provenir.com.

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Provenir Announces Expansion to Global Footprint with New Miami Location

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Provenir Announces Expansion to Global Footprint with New Miami Location

Provenir’s new Miami office, headed by Gaston Peralta, expands support for expansion into Latin America

New Jersey, US – July 22, 2019 – Provenir, leader in decisioning and analytics software, today announced Miami as the location for their latest regional branch. The Miami location expands support for Provenir’s growth into Latin America and provides clients with more convenient access to Provenir resources. The Miami office adds to Provenir’s global presence, which includes teams based in the UK, Singapore, and at their New Jersey headquarters.

Gaston Peralta, Provenir’s Director of Business Development for the LATAM region, heads the Miami team. “The growth of innovative financial service organizations in Latin America offers an exciting opportunity for Provenir.” Says Peralta, “And, with the addition of a Miami team, we’re in a much stronger position to help our clients in the region implement sophisticated risk strategies that power innovation in all areas of financial services. We’re thrilled to have the opportunity to work with new partners and support our existing clients growth throughout Latin America.”

The Miami office is located at the heart of the Miami Brickell Financial District.

About Provenir
Provenir makes risk analytics faster and simpler for financial institutions. The Provenir risk analytics and decisioning platform is a powerful orchestration hub that can listen to any channel, integrate with any data service and operationalize any analytic model. Helping clients process more applications with greater efficiency and increase sales conversions with instant, real-time risk decisioning. Provenir serves clients across a broad range of financial verticals including consumer, cards, payments, ecommerce and auto financing. Provenir is headquartered in Parsippany, New Jersey with EMEA operations based in England and APAC operations in Singapore.

For more information please visit www.provenir.com.

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Creditsafe Announces New Partnership with Provenir

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Creditsafe Announces New Partnership with Provenir

“This new approach to data will allow organizations to successfully deploy their risk strategies and in turn allow them to focus on providing their customers with a better experience”

Global business intelligence specialist Creditsafe has announced a new partnership with risk decisioning and data science solution Provenir to provide automated investment and credit risk decisioning to businesses.

The partnership will see Creditsafe incorporate Provenir’s risk decisioning and data science platform into its Connect API, allowing connection to major CRM and ERP systems. This will allow users to be able to access and analyse financial data regarding possible investment and lending opportunities in real-time. Thanks to this new partnership companies will be able to make more informed choices, reducing the risk of bad debt and empowering business growth.  Automating the credit check process will allow businesses to incorporate data concerning a company’s financial health into the onboarding process, reducing the need for manual data checks that take time and increase the likelihood of human error.

Read the full press release here.

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Dzone: Tom’s Tech Notes: Container Fails [Podcast]

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Dzone: Tom’s Tech Notes: Container Fails [Podcast]

Dzone’s latest podcast examines how devs and ops can go wrong with containers. The podcast features conversations that Dzone’s research analyst Tom Smith has had with software industry experts from around the world. Provenir’s Anand Shah’s joins industry leaders to contribute to this podcast.

Listen to the podcast at Dzone.com.

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The 2018 Dzone Guide to Microservices

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The 2018 Dzone Guide to Microservices

With the continued evolution of Microservices we are seeing more developers beginning to experiment with modular applications in both production and development. Dzone’s latest guide shares how top companies and fellow readers have adopted microservices and the challenges they’ve had to overcome. Look out for comments from Mike LaFleur, Provenir’s awesome Global Head of Solution Architecture.

Download the full guide at Dzone.com.

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The Data Disconnect: Why Even FinTechs Struggle

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The Data Disconnect:
Why Even FinTechs Struggle

Redefining the relationship with data, FinTech industry veteran and Managing Director of Provenir, Paul Thomas explores the data disconnect troubling financial institutions in this in-depth interview.

Paul Thomas has witnessed the data struggle firsthand in his work with both traditional financial institutions as well as disruptive fintech innovators. At first glance, the struggle doesn’t make sense. There’s no shortage of data—most organizations are drowning in data. It’s not the lack of tools that’s the problem—analytics-tools like Python are widely accessible. It’s not even a lack of talent, with some fintech firms employing the brightest data scientists from the most prestigious graduate programs. So what exactly are the issues that prevent financial organizations from fully using data and how can they be solved?

Thomas has a unique, perhaps even renegade, approach to solving data challenges. He believes that organizations need to reimagine their relationship with data and restructure their infrastructure to take advantage of new data sources and cloud-based technology partners.

In a fast-paced and far-reaching interview peppered with many industry examples and anecdotes, Thomas explains why—and most importantly, how—financial services providers can transform how they use data to deliver the products and services consumers want.

Read the full article here >> American Banker

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Saying Yes More: How GM Financial, Yapstone, and Insikt use Risk Analytics and Decisioning to Drive Business Growth

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Saying Yes More:
How GM Financial, Yapstone, and Insikt use Risk Analytics and Decisioning to Drive Business Growth

Provenir clients GM Financial, YapStone, and Insikt talk risk decisioning over on AmericanBanker.com today. The article delves into their risk decisioning processes and uncovers how robust risk analytics allow them to ‘say yes more’.

“To the outside world, loan decisions and payment approvals can seem like a simple yes or no decision: either the application is approved or it’s declined. However, the most successful financial services organizations know that determining a yes, no, or even maybe response requires a robust decisioning process that not only protects all parties, but also drives an organization towards its goals.

In today’s tech savvy world risk decisioning has become an artform that has the power to make or break a financial services organization in a number of ways, from its impact on user experience, to the risks it exposes the business to or protects it from. Businesses who embrace this new risk management artform are developing sophisticated risk decisioning processes that incorporate more than the traditional credit scores we all love to hate.

It’s no secret that digitization has created huge disruption within the financial services industry, replacing traditionally paper-based processes with tech-powered automated systems that make it possible to process loan applications and make payments instantly. But this ‘instant gratification’ culture has also created new opportunities for fraud and increased threats that have the potential to outsmart traditional risk decisioning processes that don’t keep up with the evolving risk landscape.

So how can businesses use risk decisioning not just as a form of protection but also as an opportunity to innovate and grow? GM Financial, Yapstone, and Insikt are three examples of organizations that are using strategic tech partnerships to create sophisticated risk decisioning processes that secure their positions as industry leaders.”

Read the full article at AmericanBanker.com to learn more about how these three innovative businesses are using smarter risk decisioning to drive business growth, expand market opportunities, and improve the consumer experience.

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