“Provenir’s globally recognized and experienced solution impressed us in terms of the level of risk management we were aiming for. We were pleased with the quick adaptation to our needs compared to competitors and the satisfactory answers we received.”

The Challenge

• Efficiently assessing credit risk while meeting customer expectations for speed and convenience
• Managing risk accurately and quickly in an uncertain economy
• Matching limited funding resources with the right customers
• Adapting to new technologies and integrating easily
• Providing flexibility for their unique business model

The Solution

• Deployment for retail credit processes, focusing on auto lending and insurance premium loans
• Setting up flexible decisioning flows according to Quick Finans’ business model
• Enabling AML API integration without external software, usable directly in decision trees
• Leveraging Provenir’s adaptability to new technologies like AI, machine learning, and API integrations
• Support from Provenir’s local team, including onthe- job training during initial implementation

The Results

• Increased Automation:
  48% automation rate achieved in automotive lending
• Speed to Market:
  Launched in less than 12 weeks and launched product shortly after
• Product Line Expansion:
  Successful implementation of the automotive lending product led to two more product lines launched
• Improved Risk Management:
  More accurate and quick risk assessment while granting loans
• Quick Decisioning:
  Ability to run formulas and parse raw Credit Bureau data without IT support in almost real-time