Skip to main content

Resource: News

Evolving Buy Now, Pay Later and Pivoting to Profitability

Written by Amy Sariego on . Posted in News. No Comments on Evolving Buy Now, Pay Later and Pivoting to Profitability

NEWS

Evolving Buy Now, Pay Later
and Pivoting to Profitability

Why is BNPL so popular? Consumers don’t have to pay interest, and some providers don’t even charge late fees for missed payments. The risk checkpoints that have historically acted as barriers for the credit unserved or underserved no longer exist. And without the data and risk technology in place to fill in those gaps, delinquency can and will happen, especially given the economic context fueling BNPL usage  – cost of living crises is impacting developed and emerging markets, inflation is high and delinquencies across consumer lending are the highest they’ve been in a decade.

Financial IT tapped Kathy Stares, Executive Vice President, North America at Provenir, to share her guidance on what BNPL providers can do to mitigate risk and maximize process/cost efficiency in these highly volatile times.

Read Now

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Seven Ways in Which Technology is Boosting Access to Credit in West Africa

Written by Amy Sariego on . Posted in News. No Comments on Seven Ways in Which Technology is Boosting Access to Credit in West Africa

NEWS

Seven Ways in Which Technology is Boosting Access to Credit in West Africa

Technology plays a pivotal role in the fast-moving world of finance. This is particularly true in West Africa, where the intersection of economic growth, financial inclusion, and technological advancement has created a rather unique environment.

According to the World Bank, West African Economic and Monetary Union (WAEMU) countries have seen a spike in financial account ownership since 2014, with mobile money accounts driving adoption and usage. Against this backdrop, credit risk decisioning software providers are having a positive impact on West Africa’s financial landscape, using data and analytics to extend credit to those who would have been previously denied it. In this exclusive article in RegTech Africa, Tatenda Nigel Chinodakufa, Sales Executive at Provenir, shares seven ways in which the latest technology is reshaping lending practices across the region.

Read Now

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Alternative Data in Credit Decisioning: Meeting the Demands of the Expanding Canadian Financial Services Market

Written by Amy Sariego on . Posted in News. No Comments on Alternative Data in Credit Decisioning: Meeting the Demands of the Expanding Canadian Financial Services Market

NEWS

Alternative Data in Credit Decisioning:
Meeting the Demands of the Expanding Canadian Financial Services Market

It’s a challenging time in the Canadian market. Between high interest rates, inflation stubbornly sticking at close to 4% and consumers’ fear of a potential recession starting to curb spending, it’s hard to find the growth we need to fuel our businesses. At the same time, competition has never been stiffer. In this op-ed, Cheryl Woodburn, Country Manager for Canada at Provenir, shares two market trends that are offering growth opportunities for all types of lenders.

Read Now

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Provenir Expands its Presence in France with Key Appointments

Written by Amy Sariego on . Posted in News. No Comments on Provenir Expands its Presence in France with Key Appointments

NEWS

Provenir Expands its Presence in France with Key Appointments

Brice Barouch and Yasmine Ouirhrane join team in response to increasing demand for company’s AI-powered risk decisioning software

Parsippany, NJ — Nov. 14, 2023 — Provenir, a global leader in AI-powered risk decisioning software, today announced the appointments of Brice Barouch as Country Manager and Yasmine Ouirhrane, Business Development Manager, who will be joining the Provenir team in France to serve the growing number of financial services providers seeking AI-powered risk decisioning solutions. Based in France, Brice Barouch will lead Provenir’s operations in the region with Yasmine Ouirhrane responsible for creating go-to-market strategies and leading business development activities. 

Barouch brings more than twenty years’ experience in sales strategy and business development with a strong track record of driving new businesses and boosting sales revenue across the financial services industry. He’s held senior positions at Mirantis, Red Hat, Experian and Ayming.

Prior to joining Provenir, Ouirhrane served as a strategic seller at Varicent. She also brings years of experience defining marketing and commercial strategies, developing sales strategies, and identifying market opportunities. Both Barouch and Ouirhrane are located in France.

“Financial services providers and fintechs must deliver personalized customer experiences and meet consumer expectations for instant decisions to remain competitive,” said Corinne Lleti, Provenir’s Director General of Southern Europe. “Organizations are increasingly looking for our AI-powered risk decisioning platform to gather deeper insights from many types of data and make automated, hyper-personalized decisions. We are excited to welcome Brice on board to lead our French operations and Yasmine, who will play a pivotal role in addressing the rapidly increasing demand in the region.”

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Provenir Named Winner of ‘Data Initiative of the Year’ in the 2023 US Fintech Awards

Written by Amy Sariego on . Posted in News. No Comments on Provenir Named Winner of ‘Data Initiative of the Year’ in the 2023 US Fintech Awards

NEWS

Provenir Named Winner
of ‘Data Initiative of the Year’ in the 2023 US Fintech Awards

The company’s AI-Powered Risk Decisioning platform continues to garner industry accolades for excellence in driving success for financial institutions in 50 countries worldwide

Parsippany, NJ – Nov. 6, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named winner of the “Data Initiative of the Year” category for the 2023 US Fintech Awards. Winners were unveiled during an awards ceremony at The Edison Ballroom in New York City on Nov. 2.

The US Fintech Awards is a key benchmark by which financial services modernization and technological progress in the world’s premier financial services center are judged. The awards program is organized by FinTech Intel, the global market intelligence platform for financial services technology.

“This is a tremendous honor for Provenir and we thank the judging panel for recognizing the innovation our technology delivers to financial institutions in decisioning at every turn throughout the customer lifecycle,” said Kathy Stares, Executive Vice President for North America, Provenir. “Through a unique combination of universal access to data, simplified AI, world-class decisioning technology and holistic case management capabilities, Provenir provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle.”

Provenir brings together the power of decisioning, data, AI and case management via its AI-powered Risk Decisioning platform. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, access to financial services, business agility, and more.

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Provenir Recognized for Credit Risk Solution Excellence in the 2023 Credit & Collections Technology Awards

Written by Amy Sariego on . Posted in News. No Comments on Provenir Recognized for Credit Risk Solution Excellence in the 2023 Credit & Collections Technology Awards

NEWS

Provenir Recognized for Credit Risk Solution Excellence
in the 2023 Credit & Collections Technology Awards

Parsippany, NJ – Nov.  2, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a finalist in the “Credit Risk Solution” category for the 2023 Credit & Collections Technology Awards.

Winners will be unveiled Nov. 23 during an awards ceremony at The Midland Hotel in Manchester, England.

The Credit & Collections Technology Awards provide a focus on technology at a time when credit and collections companies face business pressure in the form of continued regulatory scrutiny. The awards examine different types of technology solutions which are helping companies enhance business strategy.

“A unified decisioning platform, covering everything from credit, fraud, compliance and product decisions, is key to long-term success, growth, and profitability,” said Frode Berg, Provenir’s Managing Director for EMEA. “Provenir provides AI-powered decisioning complete with case management, data, and insights, delivering the foundation for more accurate, automated risk decisions across the entire customer lifecycle. We’re pleased to be recognized for excellence in credit risk decisioning supporting a superior customer experience that maximizes the customer lifetime value.” 

Provenir’s AI-Powered Risk Decisioning Platform is a single, comprehensive cloud-based solution –not a selection of vendor products tied together. The platform unifies all of a financial services provider’s risk decisioning, data, AI and case management through a centralized user interface. It’s a unified solution that works together seamlessly and enables organizations to shorten the development lifecycle and get products to market faster.

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Provenir Named Finalist for 2023 Banking Tech Awards

Written by Amy Sariego on . Posted in News. No Comments on Provenir Named Finalist for 2023 Banking Tech Awards

NEWS

Provenir Named Finalist
for 2023 Banking Tech Awards

Provenir’s AI-Powered Risk Decisioning Platform provides a cohesive risk ecosystem to enable smarter decisions across the full customer lifecycle

Parsippany, NJ – October 25, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a 2023 Banking Tech Awards finalist in the “Tech of the Future – AI and Data – Decision Engine” category.

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. Winners will be unveiled Nov. 30 during an awards ceremony at the Royal Lancaster in London.

“We are honored to be named winner of the ‘Tech of the Future – AI and Data – Decision Engine’ category for this very prestigious and global awards competition,” said Frode Berg, Provenir’s Managing Director for EMEA. “Provenir continues to power real-time risk decisioning by delivering a low-code, drag-and-drop studio platform, enabling the financial services community to design, deploy, and deliver decisioning processes with ease.”

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Women in Fintech: The Importance of Mentorship with Worldline, TreviPay and more!

Written by Amy Sariego on . Posted in News. No Comments on Women in Fintech: The Importance of Mentorship with Worldline, TreviPay and more!

NEWS

Women in Fintech:
The Importance of Mentorship with Worldline, TreviPay and more!

Though progress has been made to reduce the gender gap in fintech, the industry still has far to go until it hits true representation and champions full equality.

To help highlight the influential and significant contributions of women to the industry, The Fintech Times asked influential fintech leaders (who just so happen to be women) to share their thoughts on the importance of mentorship and knowledge sharing when fostering women’s talent in the industry. 

Our own Kim Minor, Senior Vice President, Global Marketing, weighed in on navigating the male-dominated executive suite.

Read Now

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

AI-Powered Decisioning is Crucial to Maximize Customer Lifetime Value

Written by Amy Sariego on . Posted in News. No Comments on AI-Powered Decisioning is Crucial to Maximize Customer Lifetime Value

NEWS

AI-Powered Decisioning
is Crucial to Maximize Customer Lifetime Value

Discussions of risk decisioning platforms often focus on onboarding and loan origination. However, the investment in the start of the customer journey is only one piece of the puzzle; an organization’s growth depends not only on attracting new customers, but also on retaining and maximizing the value of its existing customers.

In this Fintech Futures article, Kathy Stares, EVP of North America for Provenir, outlines why it’s important to focus on the tools needed to support the myriad other decisions across the life of each customer to enable a superior customer experience and maximize customer lifetime value.

Read Now

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading

Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’

Written by Amy Sariego on . Posted in News. No Comments on Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’

NEWS

Provenir Garners Credit Strategy Lending Awards 2023 Finalist Honors for ‘Best Technology Partner’

The company’s AI-Powered Risk Decisioning Platform brings together decisioning, data and AI to enable smarter decisions across the entire customer lifecycle

Parsippany, NJ – October 11, 2023 – Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a Credit Strategy Lending Awards 2023 finalist in the “Best Technology Partner” category.

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. Winners will be announced Nov. 14 at an awards ceremony at the Hilton London Watford.

“To compete successfully in the digital-first, instant gratification world, financial services organizations need a solution to automate credit assessment processes so lending decisions can be made quickly and more efficiently,” said Frode Berg, Provenir’s Managing Director for EMEA. “Provenir’s AI-Powered Risk Decisioning Platform delivers diverse data for deeper insights and a continuous feedback loop for constant improvement, enabling lenders to support credit decisions in real-time at scale and more easily tailor lending products and terms to meet the specific needs of their customers.”

The Ultimate Guide to Decision Engines

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

Learn More

LATEST NEWS

Continue reading