Retail + Point-of-Sale
Retail + POS Lending
Say hello to real-time POS lending, and goodbye to abandoned carts.
POS lending technology that powers retail financing.
As a point-of-sale lender, you know that two things matter: making the right decisions, and having the right tools to make them quickly. Whether you’re powering after-purchase payments, offering rent-to own-financing or providing retail financing for customers, buyers demand an extraordinary user experience — or they’ll walk away.
You need technology that supports one-click financing, and automation that powers approvals before a customer has time to walk away — and the data for retail credit risk management that also simplifies user experiences.
Benefits
Simple POS products as easy as one, two, checkout.
From in-store financing options to online payment choices at checkout, the Provenir AI-Powered Decisioning Platform lets you provide simple financing experiences that win new customers. Use advanced automation and predictive analytics to decision credit in real time.
Simplify applications
Want to make your application processes as simple as possible? Your answer is data. The Provenir Marketplace lets you integrate to new data sources in minutes. Explore alternative and traditional data options to improve decisioning accuracy.
React + adapt
Your risk technology should help you gain business agility. Provenir’s visual, no-code, drag-and-drop interface puts risk strategy innovation in your team’s hands. Gain the power to make rapid changes to risk models, decisioning processes and data integrations.
Predict risk
Eliminate recoding delays using Provenir’s model agnostic cloud suite. Upload predictive analytics models in R, SAS, Python, TensorFlow and more without recoding, easily testing and deploying using the visual user interface.
Instant decisioning
Convert buyers to borrowers with powerful automation workflows that turn data to decisions in under a second. Run applications through powerful predictive models, return personalized pricing options to customers and improve accuracy with machine learning capabilities.
Analyze performance
In a rapidly evolving market, you need to identify and quickly respond to new threats and opportunities. Our Business Intelligence solution lets you use the power of advanced data science capabilities to dive deeper into your data.
Drive innovation
Take control of innovation with the no-code, visual interface that lets your teams collaborate, iterate and get changes to market faster. Leverage autoscaling and support for multiple product lines to grow and evolve your business on your terms.
Our platform makes us unique. Our results make you stand out.
Resources to dig a little deeper
Companies like you choose Provenir
Questions
Frequently asked questions
Get the answers you need around POS lending technology and say goodbye to abandoned carts.
Want to learn more?
When you incorporate real-time credit risk decisioning into your POS lending technology, you enable instant approvals for your customers. Reducing friction in the buying process greatly improves the overall customer experience and reduces the likelihood of cart abandonment. Bonus: with real-time data and advanced analytics, you can even enable more personalized offers for your customers, improving their experience even more!
With an automated credit risk decisioning process behind your POS lending technology, you can make changes to decisioning processes on your timeline, not your IT department’s or your tech vendor’s. This allows you to respond to market changes faster and iterate on your workflows/products in market or launch new ones at record speed.
Variety is the spice of life – and it’s the case for data too. Using a combination of traditional credit data (including credit scores/credit bureau reports) and alternative data (transactional data, open banking, social media activity, mobile usage patterns, rent/utility payments) ensures a more holistic, accurate view of your customers – and a better understand of their creditworthiness, all in real-time.
The more accurate view of your customers, the more accurate your credit risk assessments. This means that you can say yes to more customers and their financing requests, detect fraud more effectively, reduce friction in the buying process for your customers, and launch new products with ease. With advanced analytics and real-time data access, you can ensure that you are always making the smartest, fastest risk decisions without sacrificing your risk strategy.