Provenir Market Research Report

Company Overview

Name: Provenir

Mission: Minimize risk and maximize customer value with a single decisioning platform.

Founded: 2004

Founders: No information is available

Key People:

Jeff Lively, VP of Dealer Services at GM Financial

Andy Dodd, Managing Director at Novuna Capital

Executive at Dun & Bradstreet

Fredrik Nilsson, Credit Manager at Telia

Adam Colclasure, Senior Director of Risk Infrastructure

Headquarters:

North America: 1 Upper Pond Road, Building F-4th FL, Parsippany, NJ 07054, USA

EMEA: Provenir (UK) Limited, 76 Charlotte Street, London, UK

Singapore: Provenir Singapore Private Limited, 21 Collyer Quay, Singapore, 049320

New York: 85 Broad St, New York, NY 10004, USA

Toronto: 176 Yonge Street, Toronto, ON M5C 2L7, Canada

San Francisco: 535 Mission St, San Francisco, CA 94105, USA

Leeds: Platform Building, 7th Floor, New Station Street, Leeds, LS1 4JB, UK

Malaysia: Provenir Singapore Private Limited, No.3, Jalan Bangsar, Kampung Haji Abdullah Hukum, 59200 Kuala Lumpur, Malaysia

Brazil: Provenir Brazil LTDA, Rua Conselheiro Brotero, 528, Sala 1505, Barra Funda, Sao Paulo, Brazil

Miami: Provenir Inc., 78 SW 7th Street, Miami, FL 33130, USA

Number of Employees: No information is available

Revenue: No information is available

Known For: Provenir is known for its AI-powered risk decisioning platform, which is used by industry-leading financial services providers to optimize credit risk onboarding, fraud detection, customer management, and collections.

Products

1. Customer Onboarding

Description: Seamless credit risk onboarding for merchants and customers.

Key Features: AI-powered decisioning, dynamic data orchestration, real-time approvals.

2. Fraud and Identity

Description: Smarter application fraud detection and streamlined investigations.

Key Features: Dynamic data orchestration, AI-driven fraud detection, optimized fraud investigations.

3. Customer Management

Description: Dynamic customer engagement to maximize lifetime value.

Key Features: Proactive decisioning, ongoing risk monitoring, personalized product offers.

4. Collections

Description: Proactive collections strategies to maximize the chance for ongoing credit relationships.

Key Features: Real-time decisions, dynamic collections strategies, comprehensive treatment strategies.

5. Decision Intelligence

Description: Transform data into actionable insights with advanced analytics, reporting, and visualization tools that ensure continuous improvement.

Key Features: Advanced analytics, customizable reporting, visualization tools.

6. Data Marketplace

Description: Seamlessly access and integrate credit, fraud and identity data sources to enhance your risk assessment processes.

Key Features: Simplified data integration, flexible analytics deployment, visual low-code UI.

7. Case Management

Description: Integrated with decisioning for streamlined case creation, investigations, and referral handling.

Key Features: Manual and automated case creation, visual UI for deep dives, optimized actions.

Recent Developments

Recent Developments:

Live In Weeks: SoFi's new project focused on student loan refinancing, enabled by Provenir platform, went live within 10 weeks.

SoFi: New automation enabled via the Provenir platform expedited time-to-live.

tbi Bank: Provenir helped tbi bank become a regional leader in alternative payment solutions.

Bigbank: Implemented Provenir for better credit and lending products.

BBVA: Chose Provenir for scalable decisioning technology for SME and commercial lines.

New Product Launches:

Onboarding Fraud Solution: Provenir launched a new product to fight onboarding fraud.

New Features:

No specific new features have been listed, but Provenir platform supports continuous enhancements via low-code and AI features.

New Partnerships:

No information is available.

Awards

Recent Awards:

June 2024: Best Technology Provider – Risk Decisioning at the Credit Strategy Credit Awards.

April 2024: Data Solution of the Year for Finance.

March 2024: Successful completion of SOC 2 Type II Assessment for Information Security Practices.

November 2023: Data Initiative of the Year at the US Fintech Awards.

November 2023: Best Credit Risk Solution for the third consecutive year in the Credit & Collections Technology Awards.

November 2023: Best in Digital Lending Implementation in the IBSi NeoChallenger Bank Awards.

October 2023: Finalist for AI and Data – Decision Engine category in the BankTech Awards.

September 2023: Best Credit Risk Solution in the Global BankTech Awards.

June 2023: Best AI-Driven Credit Decisioning Solution Provider of the Year at annual Africa Bank 4.0 Awards for North Africa.

Conclusion

Provenir continues to lead in the financial services industry with its innovative risk decisioning solutions that focus on customer engagement, fraud detection, and seamless onboarding. With a strong presence across multiple continents and consistent recognition in the form of industry awards, Provenir is well-positioned to support financial services providers in minimizing risk and maximizing customer value.