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Industry: Provenir

Algoan

Partners

Algoan

Assess Consumers’ Affordability in Real-Time with Open Banking Scoring

Key Benefits

  • Accelerate your time-to-yes! Provide your risk teams and customers a fully digitized experience and get back instantly to your applicants thanks to Open Banking Credit Decisioning.
  • Better risk management decisions. Algoan’s credit decisioning solutions will enable you to accept up to 40% more applicants while maintaining your risk at the same level. Conversely, halve your risk while keeping the same acceptance rate.

Credit and Payment Scoring for Fairer Affordability Assessment

Algoan is a French Fintech that aims to revolutionize the credit sector in Europe through the power of Open Banking. The Fintech innovates at all stages of the credit lifecycle by relying on state-of-the-art proprietary technology. With its Credit Decisioning Open Banking solutions (decisioning engine based on secure sharing of borrower’s bank data), acceptance rates and risk management are significantly improved. In fact, Algoan’s solutions result in a much finer risk analysis than traditional methods and allow many borrower profiles that would normally be rejected to be accepted, with a controlled risk (GINI score up to 80%).

Take informed credit decisions to facilitate split payment, loan origination, debt consolidation, mortgage loan, car subscription/leasing or last-chance loan!

Visit www.algoan.com for more info.

About Algoan Services

  • Services

    Connect: Algoan Connect is the easiest and fastest way to incorporate the Open banking aggregation process in any customer journey to be able to leverage Algoan’s Credit Decisioning solutions.

    Credit Score: Algoan Score is a best-in-class proprietary scoring model supported by dynamic customer information based on financial behavior directly retrieved from banks rather than static and declarative data. Grow your customer base by accepting more loan requests with confidence!

    Payment Score: Behavioral score that analyses 3 months of the consumer’s transactional data (Open Banking data) and returns a simple score (ranging from 1 to 10) that helps automate BNPL origination decisions by being fairer and more responsible.

    Credit Insights: In addition to categorized data, Credit Insights provides actionable insights on top of which lenders can build their own applications and forecasting/predictive models.

    Dashboard: Access a broad and comprehensive view of your clients’ financial situation in a single interface and ramp up your credit decisions.

  • Regions Supported

    EMEA

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Provenir Appoints Cheryl Woodburn New Country Manager for Canada

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Provenir Appoints Cheryl Woodburn New Country Manager for Canada

Woodburn brings more than 25 years’ experience in growing markets and creating new value for customers

Parsippany, NJ — Feb. 3, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Cheryl Woodburn has been appointed Country Manager for Canada to support the record-breaking growth the company is experiencing in North America. Woodburn will manage all operations as Provenir responds to growing demand in Canada.

Woodburn has more than 25 years of experience in global software, analytics, data and technology markets. Prior to joining Provenir, Woodburn served as Vice President, Sales at Equifax. She also held senior leadership roles at FICO and IBM, overseeing sales and customer success teams, sales enablement, and business operations.

“We are thrilled to add Cheryl’s deep product knowledge and leadership experience to our team,” said Kathy Stares, Executive Vice President, Provenir North America. “Demand for Provenir’s AI-powered risk decisioning software is exploding as organizations struggle to pivot to a customer-first model. Provenir expedites the risk-decisioning process, allowing financial services organizations to provide real-time decisions and raise the bar in terms of the customer service they can deliver.”

“Provenir is one of the world’s leading fintechs and is redefining the risk decisioning paradigm,” said Woodburn. “I’m excited to be part of this shift, and I look forward to helping Canadian organizations completely transform their businesses and reimagine their customers’ experience leveraging Provenir’s leading-edge decisioning solutions.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem for fintechs and financial services providers. It brings together a global data marketplace, powerful AI, and world-class decisioning into one single platform so organizations can provide the real-time decisioning today’s consumers demand.

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Provenir Achieves Record Growth in New Customers and Revenue in 2021

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Provenir Achieves Record Growth
in New Customers and Revenue in 2021

AI-powered risk decisioning provider realizes a 190+ percent increase in new customers and a 55 percent SaaS revenue increase, amid continued global expansion

Parsippany, NJ — Feb. 2, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced record growth in 2021, achieving a 194 percent increase in new customers and a 55 percent increase in Software-as-a-Service revenue year over year.

Provenir also continued its global expansion in response to increased demand for its products and services. In 2021, the company moved into new markets, including Germany, Austria, Switzerland (DACH), Turkey, the Middle East, the Balkans, and Africa, and expanded its presence in Latin America and Asia, bringing the total number of countries served to nearly 50.

As a result of this growth, the company increased its global workforce by 49 percent last year.

This growth sets the stage for Provenir to gain additional traction in key global regions and in the growing Buy Now Pay Later (BNPL) and challenger bank sectors, which need technology that provides access to alternative data for smarter decisioning and faster client onboarding.

“We are extremely proud of our record-breaking performance in 2021, and we see no signs of this momentum slowing down in 2022,” said Larry Smith, Founder and CEO of Provenir. “We are witnessing significant expansion in the types of businesses seeking our real-time decisioning solution across all geographies. Our unified solution brings together the three essential components of risk decisioning – data, AI and decisioning – into one single decisioning platform to help organizations provide the real-time decisioning customers demand today.”

Additional key company milestones achieved in 2021 include:

  • Introduced product innovations such as Cloud 2.0 and Provenir AI, which continue to simplify data access, make AI accessible and automate decisioning.  
  • Invested 25 percent of revenue in research and development to continue developing industry-defining solutions, including extending AI capabilities.
  • Welcomed more than 60 new partners to the Provenir Marketplace, a comprehensive fintech data and intelligence ecosystem providing access to more than 530 country/data/partner combinations through a single Application Programming Interface (API).
  • Expanded the use of Provenir for financial inclusion with customers in all regions.
  • Among other accolades received, Provenir was recognized as the “Best Credit Risk Solution” in the Credit & Collections Technology Awards, qualified as a finalist in Credit Strategy’s Credit Awards in the “Best Technology Provider” category and was named to the Inc. 5000 Fastest Growing Private Companies in America.

Provenir customers include leaders and challengers in the fintech and financial service sectors such as Zilch, AskIf, Kueski, Koko, Reliant Funding and Rent-A-Center that are gaining a decisive advantage

15 Companies Changing the Landscape of Buy Now, Pay Later

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Provenir Appoints Waldemar Faltenberg: to Lead Expansion in the DACH Region

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Provenir Appoints Waldemar Faltenberg:
to Lead Expansion in the DACH Region

Appointment underscores company’s growing presence in the region.

Parsippany, NJ —Jan. 11, 2022 — Provenir, a global leader in AI-powered risk decisioning software, today announced Waldemar Faltenberg has been appointed Senior Sales Executive, DACH, following the company’s rapid growth in 2021 and increased demand for its products and services in the region. Faltenberg will manage sales operations for Austria, Germany and Switzerland as Provenir continues to expand its presence worldwide.

Faltenberg brings more than 15 years’ experience in financial servicesto his new role. Prior to joining Provenir, he served in senior sales management and consulting positions at BFS finance GMBH, VR Smart Finanz AG, VR Leasing AG and Coface, developing marketing strategies, building and expanding partnerships and guiding clients through digitalization projects to modernize their online channels. 

“Waldemar has a wealth of experience in the German banking market and in credit risk decisioning specifically,” said Frode Berg, Managing Director EMEA. “An increasing number of organizations in EMEA are selecting Provenir as their risk decisioning partner. Waldemar will spearhead our efforts to engage with fintech innovators and innovative banks seeking access to industry-leading AI-powered risk decisioning software for real-time credit decisioning.”

“I am excited to join Provenir at this pivotal time as demand for solutions enabling real-time processes is surging to meet customers’ desire for instant decisions,” said Waldemar. “The market for financial services solutions in DACH is growing rapidly, and I look forward to continuing to build upon Provenir’s momentum in the region.”

Provenir’s AI-powered risk decisioning software is the industry’s first, true risk-decisioning ecosystem. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience, users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs.

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IDology

Partners

IDology

Innovative Solutions to Streamline Customer Acquisition, Deter Fraud, and Drive Revenue

Key Benefits

  • Approve More Legitimate Customers. Detecting and preventing fraud goes far beyond basic identity matching, especially in today’s threat-heavy environment. With our ExpectID® platform, you have access to more layers of physical and digital identity attributes, which enable you to see the holistic consumer identity in high resolution. And when higher levels of assurance are needed, you can dynamically escalate to additional layers of authentication while still delivering fast, automated decisions. These orchestrated layers work together seamlessly to deliver the speed, simplicity, and convenience your customers expect.
  • Unlock Stronger Fraud Intelligence. IDology’s Consortium Fraud Network amplifies real-time fraud intelligence between companies and across industries. With IDology, you can detect repeated transaction attempts or bar specific attributes associated with known fraud. And by applying machine learning to the identity verification process, supervised by IDology’s dedicated team of tenured fraud experts—your neighborhood watch for fraud, IDology is able to track suspicious activity across its vast network of customers and industries, giving you a system of defense against fraud and insight to improve decision making.
  • Get More Control and Flexibility. With criminals attempting new tricks every day, keeping pace with the rapidly changing fraud landscape is a necessity. Our on-demand ExpectID® platform is fully configurable and offers point-and-click flexibility, so you can be nimble, dynamic, and efficient in the face of evolving risk. With ExpectID®, you can fine-tune rules and settings, customize decisioning, and dynamically escalate to higher levels of verification for optimal risk and fraud protection—without burdening your IT team or compromising the smoothness of the customer experience.

IDology, the Trusted Leader in Digital Identity Verification

IDology, a GBG Company, is transforming identity verification for businesses worldwide with an innovative suite of multi-layered identity verification solutions built to drive revenue, deter fraud, and maintain compliance in a digital world. IDology leverages thousands of diverse data sources to deliver the industry’s most accurate locate results as well as actionable transparency and on-demand control over the entire identity proofing process.

By applying machine learning to identity verification, supervised by a team of fraud analysts, IDology provides thousands of businesses in multiple industries worldwide with a powerful network of defense against fraud. With frictionless secure digital identity verification, IDology helps businesses stay ahead of shifting fraud trends, while onboarding more customers faster and with confidence.

About IDology

  • Services

    • ExpectID®
    • ExpectID® Scan Verify
    • ExpectID® IQ
    • ExpectID® Mobile Attributes
    • ExpectID® GeoTrace
    • Cross-border Identity Verification Available
  • Regions Supported

    • Latin America
    • EMEA
    • North America

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Provenir Appoints Carol Hamilton to Lead Global Solutions Business

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Provenir Appoints Carol Hamilton
to Lead Global Solutions Business

Hamilton brings experience in delivering value to customers through creation of innovative technology solutions

PARSIPPANY, NJ–Dec. 14, 2021 – Provenir, a global leader in AI-powered risk decisioning software, has appointed Carol Hamilton as the new Senior Vice President, Global Solutions, to accelerate the company’s business strategy and growth plan. In her new role, Hamilton will be responsible for leading and extending Provenir’s solutions including credit, fraud and identity and expanding Provenir’s market-leading cloud data offering, the Provenir Marketplace, to help customers tackle real business challenges and make smarter, faster decisions.

Hamilton brings rich experience in developing fraud, compliance and security solutions for the financial services industry. Prior to joining Provenir, Hamilton held senior leadership roles at GBG, SAS and BAE Systems leading regional teams responsible for creating long-term strategy, driving growth, and seeking new areas for expansion.

“We are thrilled to have Carol join our leadership team,” said Larry Smith, CEO and Founder. “Her wealth of experience in creating solutions that address specific challenges within the financial services industry will be integral to expanding our offerings to help fintechs and financial services organizations drive innovation and efficiency.”

“I’m delighted to join Provenir at such an exciting time,” Hamilton said. “The entire landscape of finance is changing, driven by the need for flexible solutions that can respond in real-time to ever changing consumer expectations, regulations and fraud. I look forward to working with the team at Provenir to help organizations build their processes and systems to provide the best experience for their customers.”

Connect with Carol on LinkedIn

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Provenir Named Finalist for the 2021 Credit Strategy Credit Awards

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Provenir Named Finalist for the 2021 Credit Strategy Credit Awards

The Credit Awards celebrate innovation and best practices in the UK credit and financial services industry

Parsippany, NJ, Nov. 5, 2021 – Provenir, a global leader in data analytics software and risk decisioning, today announced it has been named finalist for the 2021 Credit Strategy Credit Awards in the “Best Technology Provider” category.

The Credit Awards are recognized as the gold standard within UK risk, credit and collections markets, honoring the individuals, teams and organizations that make up a vital part of the UK financial services sector.

Winners will be unveiled at the Credit Awards ceremony on Dec. 14 at the Grosvenor House Hotel in London.

“Provenir is honored to be named a finalist in the best technology category for this very prestigious awards competition that recognizes the stellar achievements of companies supporting the UK financial services market,” said Frode Berg, Managing Director, EMEA for Provenir. “With Provenir, financial institutions can improve their credit decisioning by leveraging more data in less time, reducing costs, and improving agility through better use of internal expertise and reduced reliance on outside IT support.” Provenir’s flagship product, Provenir AI-Powered Risk Decisioning Platform, is the industry’s first, true risk-decisioning ecosystem. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs.

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Provenir Named Winner of the 2021 Credit & Collections Technology Awards

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Provenir Named Winner of the 2021 Credit & Collections Technology Awards

Company wins the “Credit Risk Solution” category for its Provenir AI-Powered Risk Decisioning Platform product that improves risk modeling

Parsippany, NJ, Nov. 5, 2021 Provenir, a global leader in data analytics software and risk decisioning, today announced that it has been named a 2021 Credit & Collections Technology Awards winner in the “Credit Risk Solution” category.

The Credit & Collections Technology Awards highlight the success of companies and individuals across 21 categories who garnered technological achievements in the UK credit and collections sector in 2021. Winners were recognized during an awards ceremony that took place Nov. 4 at the Midland Hotel in Manchester, United Kingdom.

Provenir was selected from five other vendors that had been named finalists in the “Credit Risk Solution” category.

“This is a wonderful achievement for Provenir and a testament to the hard work of our employees who continue to usher in innovative technology advancements to revolutionize credit risk-decisioning,” said Frode Berg, Managing Director, EMEA for Provenir. “I would like to thank the esteemed panel of industry experts who served as the award judges for recognizing Provenir as the UK’s leading credit risk solution provider.”

Provenir’s flagship product, Provenir AI-Powered Risk Decisioning Platform, is the industry’s first, true risk-decisioning ecosystem. It provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (Paas) cloud solution that best fits their business needs.

About Provenir

Provenir helps fintechs, financial institutions, and payment providers make smarter decisions faster by simplifying the risk decisioning process. Its no-code, cloud-native SaaS products form a risk decision engine for real-time approvals and make it easy to rapidly create sophisticated decisioning workflows. With a global data marketplace for seamless integration, powerful AI and machine learning models, and real-time insights, Provenir has supercharged decisioning speed. Provenir works with disruptive financial services organizations in more than 40 countries and processes more than 2 billion transactions annually.

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Provenir Executive Vice President Kathy Stares Named One of The Top 50 Women Leaders in SaaS by The Software Report

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Provenir Executive Vice President Kathy Stares
Named One of The Top 50 Women Leaders in SaaS by The Software Report

Award recognizes women that have demonstrated admirable leadership across a variety of roles within the software industry.

Parsippany, NJ, Oct. 27, 2021– Provenir, a global leader in data analytics software and risk decisioning, today announced that Kathy Stares, executive vice president, North America, has been named one of the “Top 50 Women Leaders in SaaS” by The Software Report, a comprehensive source for market research and insights, business news, investment activity and corporate actions related to the software sector.

Awardees are recognized for their performance within their roles, their ability to foster innovation and growth, and their expertise in software-as-a-solution (SaaS) solutions.

Stares leads sales, customer success, pre-sales consulting teams across North America for Provenir, and also oversees strategic partnerships. As a member of Provenir’s executive team, she has played a key role in supporting the company’s growth, increasing its SaaS solutions revenue 25 percent year-over-year. The company has experienced a 22 percent increase in Provenir’s customer base of fintech disruptors, and its increasing presence in the Buy Now, Pay Later (BNPL) and challenger bank markets.

“I am deeply honored to be included among this esteemed group of female leaders who are spearheading innovation in the SaaS market and driving the industry forward,” said Stares. “I am passionate about enabling our customers to be change agents, and to raise the bar in terms of the customer experience they deliver. We continue to invest significantly in our SaaS technologies to help our customers expedite the risk-decisioning process, which in turn, allows them to provide real-time decisions and respond to their end customers immediately.”

Provenir’s technology enables fintechs, financial institutions, and payment providers to easily design, build, and deploy solutions to solve complex business challenges such as digital onboarding, retail financing, Buy Now Pay later (BNPL) approvals, SME lending, insurance, credit card management, eCommerce, eWallet, digital banking, and open banking. 

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