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

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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.

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Provenir Named Finalist for 2023 Banking Tech Awards

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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.”

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

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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.

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AI-Powered Decisioning is Crucial to Maximize Customer Lifetime Value

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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.

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

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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.”

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Information Age: How Buy Now, Pay Later Technology Works

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Information Age:
How Buy Now, Pay Later Technology Works

BNPL is here to stay. Bank of England figures suggest more than three million households in the UK owe £2.7 billion to BNPL lenders. Over £10 billion has been lent in the past three years. And it’s not just consumers using this payment method – 43% of European businesses have used BNPL to cover a business expense.  What is really astonishing is the accuracy of the lending. Default rates are a fraction of credit card lending, despite a similar user base. So, how do they do it?

In this Information Age article, Corinne Lleti, Director General of Southern Europe for Provenir, explains how BNPL providers use data, AI and ML to make more reliable decisions in a fraction of a second.

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CFO Deep Dive: Why AI Can Be A Game-Changing Hidden Key?

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CFO Deep Dive:
Why AI Can Be A Game-Changing Hidden Key?

In today’s fast-paced business landscape, the role of the Chief Financial Officer (CFO) has evolved beyond traditional financial management to encompass strategic decision-making. With the advent of Artificial Intelligence (AI), CFOs now have a powerful ally in their quest for more informed and strategic financial decisions. DigitalCFO Asia recently engaged in a conversation with Andres Elizondo, Chief Financial Officer at Provenir. In this enlightening discussion, he explored the profound impact of AI, encompassing its ability to deliver invaluable insights and its promising future role in shaping financial decision-making.

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The New World of Risks Faced by Digital Banks in Singapore

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The New World of Risks
Faced by Digital Banks in Singapore

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.

In this Asian Banking & Finance feature, Bharath Vellore, General Manager, APAC for Provenir, discusses the balancing act digital banks must perform between adopting new and rapidly evolving technologies while ensuring regulatory compliance and protection of customers’ assets and the tools to help them achieve both.

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Today’s Data Will Not be Enough Tomorrow

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Today’s Data Will Not be Enough Tomorrow

Listen in to the Mexico Business Now podcast featuring José Luis Vargas, Executive Vice President and General Manager, LATAM for Provenir as he discusses how the fintech sector in Mexico is leveraging real-time decisioning solutions to drive innovation, improve financial services access, and cater to the evolving needs of the population.

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AI ‘Fit for the Fraud Fight’

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AI ‘Fit for the Fraud Fight’

Artificial intelligence is undoubtedly one of the biggest — if not the biggest — buzzwords in technology today.

From chatbots and virtual assistants to autonomous vehicles and facial recognition, the broad application of such tech is having a profound, effective change around the world in myriad fields. One area ripe for AI is fraud prevention for financial services providers and fintechs.

In this interview with Fintech Nexus, Brendan Deakin, general manager of the U.S. market for Provenir, discusses why AI is “fit for the fraud fight.”

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