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Industry: Provenir

Centrix

Partners

Centrix

Centrix – Credit Bureau of New Zealand

Key Benefits

  • Consumer Credit Reports: Make better lending decisions. Backed by New Zealand’s largest credit database, Centrix credit reports help you reduce risk when lending to consumers. Centrix consumer credit reports include an easy-to-read credit score, repayment history and driver license verification.
  • Business Credit Reports. Centrix credit reports help you reduce risk when lending to businesses with an easy-to-read credit score. Business credit reports help you manage your cashflow and reduce lending and payment risk with customers and suppliers.

“Data from Centrix enables us to maximise the information on a customer’s credit file, through its strong positive credit reporting solutions. That enables us to simplify the application process for our customers. The comprehensiveness of Centrix information helps prevent fraudulent applications, non-disclosure, and gives us greater comfort from a credit risk perspective.”

PEPPER MONEY

Centrix is New Zealand’s local credit bureau, helping Kiwi businesses of all sizes help make more informed business decisions. Centrix credit checking and identity verification services allow decision makers to make quick and confident risk assessments and comply with the latest regulations.

Centrix business reports help you reduce risk when making decisions about who to do business with – customers, suppliers, and even employees. Keep track of those that owe you money and get alerts when their financial position changes.

Centrix holds the most comprehensive consumer credit information database in New Zealand – with credit information for over 4 million Kiwi consumers as well as a commercial bureau with information about NZ Companies and business accounts.

Resources

About Centrix

  • Services

    Business Credit Reports – Manage your cashflow and reduce lending and payment risk.

    Consumer Credit Reports – View a consumer’s credit score, repayment history and driver license verification.

    Comprehensive Credit Reports (CCR) – View defaults, enquiries, any company affiliations an individual has and insolvency records.

    Fraud & Identify Verification – SmartID simplifies AML and ID verifications while reducing fraud. SmartID with biometrics allows you to digitally verify the identiy of your customers.

    Beneficial Ownership Checks – Cut through complex company ownership structures with ease to identify beneficial owners and remain compliant with legislation.

    Vehicle Ownership Checks – View claims, vehicle ownership and registration.

    Tenancy Credit Checks – View Tenancy Tribunal files and an easy-to-read credit score with the click of a button.

    Personal Properties Securities Register – Manage security interests and improve your chances of recovering debt by registering your security interest.

    Credit Data Analytics – Use Centric analytics capability to gain market intelligence on customer risk profiles.

    Portfolio Healthchecks – Determine the health of your accounts and risks, optimise your sales and growth strategies, and be alerted to credit score changes as they happen.

    Alerts Monitoring – Know about changes to your customers’ financial position as they happen and avoid risk to your cash flow with tailored alerts.

    SmartLink Credit Reporting – Backed by information from multiple credit bureaus, SmartLink enables you to make more informed, prompt credit decisions.

  • Regions Supported

    • New Zealand
    • APAC

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ComplyAdvantage

Partners

ComplyAdvantage

The Leader in AI-Driven Fraud and AML Risk Detection

Key Benefits

  • Automate customer onboarding and monitoring. Onboard legitimate customers quickly and confidently, keep bad actors out of your business and comply with AML obligations. Access ComplyAdvantage’s extensive risk database via our powerful screening and monitoring engine to protect your organization.
  • Identify and stop suspicious transactions. Detect suspicious transactions, identify potential fraud and take action while reducing false positive rates. AI-powered transaction monitoring from ComplyAdvantage, flags and prioritizes true risk for your analysts’ review whilst simultaneously reducing noise.

“[ComplyAdvantage is] a platform which supports a constant cycle of learning and evolving, able to adapt in line with the changing behavior of both customers and criminals.”

ROBIN JEFFERY, HEAD OF TRANSFORMATION AT HAMPSHIRE TRUST BANK

Identify Risk, Protect Your Business, Delight Your Customers

ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 1000 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points.

ComplyAdvantage has four global hubs in New York, London, Singapore, and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers, Index Ventures, and Balderton Capital. Learn more at complyadvantage.com.

Resources

About ComplyAdvantage

  • Services

    Customer onboarding and screening (PEPs, Sanction, Adverse Media)

    Corporate onboarding and screening

    Ongoing customer monitoring

    Transaction screening

    Transaction monitoring

    Fraud detection

    Adverse media screening and monitoring

    Sanctions screening

  • Regions Supported

    Global

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Provenir Achieves Service Organizational Control 2 Certification for Information Security Practices

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Provenir Achieves Service Organizational Control 2 Certification for Information Security Practices

Provenir, a global leader in data and AI-powered risk decisioning software, today announced it has successfully completed the Service Organizational Control (SOC) 2 Type 1 audit.

Developed by the American Institute of CPAs (AICPA), SOC 2 defines criteria for managing customer data based on security, availability, processing integrity, confidentiality and privacy. The Type 2 audit reviews a vendor’s systems and if its design meets these relevant trust principles.

The audit affirms that Provenir’s information security practices, policies, procedures and operations meet rigorous SOC 2 standards for security, availability and confidentiality. This independent validation attests to the strict internal controls Provenir has in place to protect user’s data in a highly regulated industry.

“Achieving SOC 2 certification, along with our ISO 27001 Information Security Management System certification, reinforces Provenir’s commitment to the protection and safeguarding of data across our products,” said Claire Hartley, Provenir Chief Compliance Officer and Data Protection Officer. “Our commitment to and investment in data security and compliance demonstrates to our customers that data protection is our highest priority.”

Earlier this year, Provenir announced ISO/IEC 27001 certification, which provides evidence to a company’s consumers, investors, and other interested parties that the organization is managing information security according to international best practices.

Provenir makes accessing data fast and easy. Through a single API, Provenir brings together a curated range of data and data solutions to enable businesses to make smarter decisions across identity, fraud and credit. This allows users to experience simplified data access, fully managed integrations providing access to a wide variety of traditional and alternative data, and insights to make smarter decisions across the whole customer lifecycle.

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CXOToday Interview: Provenir’s Risk Decisioning Software Powered by Data, Built to Manage Risks

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CXOToday Interview:
Provenir’s Risk Decisioning Software Powered by Data, Built to Manage Risks

In this exclusive interview with CXOToday, Varun Bhalla, Country Manager for Provenir India, shares his thoughts on key disruptions in the financial sector, how AI is transforming the credit risk decisioning process and the role of technology and innovation in Provenir India’s growth strategy.

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Provenir appoints Andrea Fassari as Country Manager in Italy

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Provenir appoints Andrea Fassari
as Country Manager in Italy

Sales and growth industry expert Andrea Fassari joins Provenir’s team to respond to the increasing demand in a digital-first market for the company’s automated decisioning, real-time data and advanced analytics

Provenir, a global leader in data and AI-powered risk decisioning software, today announced that Andrea Fassari has been appointed Country Manager in Italy. Fassari will lead Provenir’s sales operations in the region, responsible for implementing new strategies to enhance the company’s plans to further expand their risk decisioning solutions to financial services businesses in the region.

Fassari brings more than fifteen years’ experience in sales, marketing and operations, with strong expertise in overall sales performance, as well as closely aligning sales objectives with a companies’ core strategy. He’s held senior roles at UNGUESS, CONNEXIA and Accenture, where he successfully implemented new target-market initiatives by coordinating large teams to meet client needs.

Provenir is experiencing significant demand for its industry-leading data and AI-powered risk decisioning platform that blows past traditional credit decisioning software by letting businesses harness the power of decisioning, data and AI from one unified, no-code user interface. Based in Milan, Fassari will be a crucial part of Provenir’s international sales team to drive sales strategies to enable the achievement of the business’ goals and targets.

“Financial services firms worldwide are increasingly looking for a credit risk decisioning platform that allows them to make smarter decisions, faster,” said Frode Berg, Provenir’s Managing Director of Europe. “As a recognised industry leader, Provenir is helping its clients to be more competitive, more agile and ready to rapidly respond to evolving business needs, but we won’t stop there. Andrea will form an integral part of our expansion into Italy, as we continue on our journey to delivering our unified risk decisioning ecosystem. We’re excited to have him onboard!”

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Provenir Recognized as Finalist for ‘Best Technology Provider’ in the 2023 Credit Awards

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Provenir Recognized as Finalist
for ‘Best Technology Provider’ in the 2023 Credit Awards

Company’s AI-Powered Data and Decisioning Platform delivers a unique combination of decisioning, data, and AI resulting in more accurate, automated risk decisions in the areas of identity, credit and fraud

Parsippany, NJ — April 19, 2023 — Provenir, a global leader in data and AI-powered risk decisioning software, today announced it has been recognized as a finalist for “Best Technology Provider” category in the 2023 Credit Awards.

Known as “the Oscars of the industry,” the Credit Strategy Credit Awards recognize and celebrate innovation, best practice and the hard work of individuals, business divisions and pan-global conglomerates across the industry.

Winners will be unveiled at the May 31 awards ceremony at the Grosvenor House Hotel in London.

“Provenir is honored to be recognized as a leader in the ‘Best Technology Provider’ category as technology innovation has exploded across every part of financial services, creating a customer-first world that demands more from data and timely decisioning,” said Frode Berg, General Manager, Europe, for Provenir. “With Provenir, organizations can access and orchestrate new alternative data sources, glean insights from the data and make more accurate and instant decisioning. The result is more inclusive lending, a superior customer experience and a dynamic fraud mitigation strategy that is a win-win for financial institutions and their customers.”

Provenir’s AI-Powered Data and Decisioning Platform is comprised of three essential components – decisioning, data and AI. The platform provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement.

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Railz

Partners

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

  • Real-Time Financial Analytics at Your Fingertips. Railz offers real-time SMB financial data and analytics for informed investment decisions. With accurate data, financial institutions can assess creditworthiness and provide valuable services to SMB clients, using accurate, up-to-date data.
  • Transform your Financial Analysis with Streamlined Efficiency. Railz streamlines SMB financial analysis for efficient data collection, underwriting, and product launches. It saves time, reduces errors, and offers clients a seamless experience.

“Our bank partners love that we have access to real-time accounting data. That was huge in getting a credit facility.”

ZACH JOHNSON, FOUNDER & CEO AT DASH.FI

The Future of Finance Needs Access to Financial Data

Railz: Revolutionize financial services with the largest financial data network in the world.

Railz solves challenges faced by financial institutions in obtaining high-quality financial data for SMBs. We provide one access point for normalized SMB financial data, collected from multiple sources including accounting, banking, tax, and commerce. Railz offers unique features and tools including Railz Credit Score™, Railz Accounting Accuracy Score (RaaS™), cash flow forecasting, benchmarking, and real-time analytics visualization. We help FIs make fast and calculated decisions in lending, business financial management, payment reconciliation, and insurance. Railz normalization process ensures that data is organized, standardized, and up-to-date, making it easy for FIs to safely make informed decisions.

Resources

About Railz

  • Services

    • Railz API: connects to all major accounting service providers like QuickBooks, Netsuite, Xero, Banking via Plaid, and E-Commerce such as Shopify & Square.
    • Lending: optimize credit approval and monitoring process and streamline loan origination and servicing.
    • Valuation and Forecasting: business valuations, cash flow forecasting.
    • Railz Credit Score™: A modern business credit score
    • Accounting Accuracy: Railz accounting accuracy Score (RaaS™) measures accuracy of accounting data when overlaid with banking data.
    • Benchmarking: Financial ratios by market, geography, age of business
    • Railz Normalization: Makes sense of messy financial data across commercial customers in real-time.
    • Railz Dashboard™: Configurable dashboard that provides highlights and insights to build customized dashboards.
    • Railz Visualization SDK: a collection of standardized web components to build customized financial dashboards and develop the next-gen of embedded finance products.
    • E-commerce Integration: integration with Shopify and Square: Pull e-commerce data directly into your application to help reconcile and keep financial records up to date.
  • Regions Supported

    • North America

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Provenir Wins Second Consecutive Data Breakthrough Award

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Provenir Wins Second Consecutive Data Breakthrough Award

Prestigious International Awards Program Recognizes Outstanding Data Technology Products and Companies

PARSIPPANY, N.J., April 13, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced that for the second year running, it has been selected as winner of the “Data Solution of the Year for Finance” award in the annual Data Breakthrough Awards program conducted by Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market today.

Provenir Data is a global data and intelligence platform that makes accessing data fast and easy. Through a single API, it brings together a curated range of data and data solutions to enable businesses to make smarter risk decisions across identity, fraud and credit. With this solution, users experience simplified data access, fully managed integrations access to a wide variety of traditional and alternative data, and insights to make smarter decisions across the whole customer lifecycle.

Provenir’s breakthrough solution allows financial institutions to access third-party data sources to make accurate credit decisions in real-time without the high-dollar overhead of a credit decisioning infrastructure. This streamlined process enables organizations to simply feed the applicant information into risk models, test the impact of the data of their choosing and receive decisions in real time.

“We are honored to be recognized again as the ‘Data Solution of the Year for Finance’ by Data Breakthrough,” said Larry Smith, Founder and CEO of Provenir. “Provenir provides organizations with access to diverse data for deeper insights, auto-optimized decisions, and a continuous feedback loop for constant improvement both at onboarding when assessing risk and monitoring ongoing transactions for fraud. Banks and fintechs are now empowered to take control of their risk strategy with unified data, artificial intelligence, and decisioning capabilities via a centralized, no-code platform.”

“Data is at the core of today’s digital business and this is especially evident in the financial services market as innovative fintechs and financial institutions are looking beyond traditional data sources,” said James Johnson, Managing Director, Data Breakthrough. “In this new world, to really level-up their decisioning, businesses need more data, automation, sophisticated processes, and forward-looking predictions to break through. With the unique combination of real-time, on-demand data access, machine learning and world-class decisioning technology, Provenir provides a compelling and robust risk ecosystem that enables smarter decisions across identity, fraud, and credit. Congratulations for the second straight year on being our choice for ‘Data Solution of the Year for Finance.”

Now in its fourth year, the annual Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including Data Analytics, Big Data, Business Intelligence, Data Storage and many more. The 2023 Data Breakthrough Award program attracted more than 2,000 nominations from across the globe.

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