NEWS

The company’s Data and AI-Powered Risk Decisioning Platform offers a streamlined single point of access to credit bureaus and data sources for more accurate credit decisioning

London, UK – June 23rd, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced that it has been awarded the Best AI-Driven Credit Decisioning Solution Provider of the Year at the annual Africa Bank 4.0 Awards for North Africa.

The Africa Bank 4.0 Awards recognises the pioneers and visionaries who are transforming the fintech industry and making financial services in Africa more accessible, innovative, convenient and affordable. Every year, they acknowledge the startups, banks and technology providers that are developing breakthrough technologies focused on financial inclusion.

Provenir’s data and AI-powered risk decisioning software allows businesses worldwide to easily create automated decisioning workflows across the entire customer lifecycle, integrate these workflows with data through a simplified single-API process, and apply AI to all data to automate the development of new credit risk models. From loan origination to merchant onboarding, Provenir’s software enables businesses to make smarter risk decisions across compliance, fraud and credit. Provenir is dedicated to redefining banking services and products by catering to the unique needs of the unbanked and underserved populations in Africa, leveraging alternative data and advanced analytics to catalyse financial inclusion while reducing risk and preventing fraud.

“We’re proud to be recognized in this year’s Africa Bank 4.0 Awards in North Africa for our industry-leading credit risk decisioning solutions,” said Adrian Pillay, Vice President of Sales, MEA, at Provenir. “The current approach to determining credit risk profiles using only traditional data unfairly impacts the unbanked population. At Provenir, we’re committed to setting the benchmark when it comes to providing tools that enable real-time decisioning processes and put financial inclusion at the heart of financial services. Our unique AI-driven solution enables lenders to leverage data quickly, simply and affordably to make better credit decisions.”

What is a decision engine and how does it help your business processes?

NEWS

The appointment reflects Provenir’s dedication to fostering innovation and delivering exceptional customer care

LONDON, UK – June 22, 2023 – Provenir, a global leader in data and AI-powered risk decisioning software, today announced the appointment of Carol Hamilton as its Chief Product Officer.

Based in Provenir’s London office, Hamilton will be responsible for shaping the company’s global product strategy, overseeing product development and management, and identifying new growth opportunities. She will play a pivotal role in driving innovation and expanding Provenir’s product suite, including decisioning, data and artificial intelligence to help lenders make smarter decisions across credit, compliance and fraud.

Since joining Provenir in 2021, Hamilton has served as Senior Vice President, Global Solutions and Chief Commercial Officer of Provenir AI, showcasing her expertise and profound understanding of the company’s operations.

With a wealth of experience in product strategy, innovation, and customer-centric design, Hamilton is uniquely suited to drive Provenir’s product vision and lead the company’s next phase of growth; she 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, where she led regional teams responsible for creating long-term strategy, driving growth, and seeking new areas for expansion.

“In today’s ever-evolving market, organizations’ real-time decisioning software needs to keep pace. Provenir is built to solve industry-specific needs today, while anticipating the ones businesses will face tomorrow. Carol’s recent efforts leading Provenir AI give her an ideal background to assume overall responsibility for Provenir’s full product suite. She’ll be instrumental in the advancement of our strong value proposition and capabilities to organizations worldwide.”

Larry Smith, Provenir Founder and CEO

“Provenir has long delivered on its promise of increasing customers’ agility and responsiveness to market challenges and client needs, from supporting banks in embracing digital strategies to partnering with fintechs on their growth journey. I’m looking forward to further developing our product suite and helping our customers to maintain their rank as innovative and disruptive financial services players.”

Carol Hamilton, Chief Product Officer

What is a decision engine and how does it help your business processes?

NEWS

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.

What is a decision engine and how does it help your business processes?