Latest news with #AIDecisioningPlatform
Business Wire
23-07-2025
- Business
- Business Wire
Ryt Bank, The World's First AI-Powered Bank, Selects Provenir for AI Risk Decisioning
PARSIPPANY, N.J.--(BUSINESS WIRE)-- Provenir, a global leader in AI risk decisioning software, today announced it has partnered with Ryt Bank – The World's First AI-Powered Bank – to embolden the company's innovation and mission to deliver banking done right with speed, simplicity, and innovation. Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products. Share Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products. As a newly licensed digital bank, Ryt Bank aimed to rapidly launch a consumer lending product that aligns with its AI-first approach. The challenge was to implement a decisioning infrastructure capable of delivering instant, personalized loan approvals while ensuring compliance with regulatory standards and risk management best practices. Ryt Bank selected Provenir's AI Decisioning Platform to support real-time credit risk assessment for instant loan approvals, and for its ability to surface data insights for personalized loan offers based on AI-driven customer profiling. Provenir will also play a crucial role in automating compliance checks to meet regulatory requirements while providing continuous learning models to adapt to changing market dynamics. Finally, Provenir will support fast, accurate decisions to elevate the customer experience, supporting Ryt Bank's mission to deliver smarter, faster finance and create meaningful impact for all Malaysians. 'Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey,' said Kavinesswaran Karthigasan, Head of APAC, Provenir. 'Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalized digital interactions.' About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually.
Business Wire
17-07-2025
- Business
- Business Wire
Provenir Named a Strong Performer in 2025 AI Decisioning Platforms Report by Independent Research Firm
BUSINESS WIRE)-- Provenir, a global leader in AI risk decisioning software, today announced it has been recognized as a 'Strong Performer' in 'The Forrester Wave™: AI Decisioning Platforms, Q2 2025' report. Per the Forrester report, 'Provenir best fits customers who want an all-in-one decisioning solution that includes credit risk, fraud and identity management, collections, and customer management.' Forrester evaluated 15 top AI decisioning platform providers against 18 criteria, assessing Current Offering, Strategy, and Customer Feedback. Per the report, 'Provenir's strategy is to focus on the full credit decisioning lifecycle with prebuilt solutions built on top of the platform to optimize go-to-market resources. However, the platform is quite capable of handling any decisioning use case, giving the company the opportunity to diversify. The company provides solid implementation resources, aiding customer onboarding for enterprise clients. It also facilitates additional services, contributing to effective deployment of decisioning solutions.' The Provenir AI Decisioning Platform received the highest possible marks in both the cohesive experience and intuitive experience criteria. When looking at the platform capabilities, the Forrester report noted, 'Provenir excels in a cohesive user experience, delivering a unified interface with consistent design, as well as an intuitive user experience, boosting productivity for business and technical users.' The report also states, 'Provenir best fits customers who want an all-in-one decisioning solution that includes credit risk, fraud and identity management, collections, and customer management.' 'We are honored to be designated a Strong Performer in our inaugural placement in a Forrester Wave evaluation,' said Carol Hamilton, Chief Product Officer for Provenir. 'Too often organizations have primarily focused on risk mitigation in customer decisioning, while missing moments to build trust, loyalty, and lifetime value. But every interaction is a chance to both manage risk and unlock value in a hyper-personalized way. That balance is where modern AI decisioning excels, and this is exactly what we do at Provenir.' Provenir's AI Decisioning Platform combines data, decisioning, and decision intelligence to enable smarter, faster decisions across the entire customer lifecycle – from onboarding and application fraud to credit risk, customer management, and collections. Access The Forrester Wave™: AI Decisioning Platforms, Q2 2025 report here. Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester's objectivity here. About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually.
Yahoo
12-06-2025
- Business
- Yahoo
Provenir to Moderate Panel Discussion on Digital Identity and Authentication for Malaysian Fraud Prevention at the AI, Cloud & Cybersecurity Congress 2025
Hosted by The Digital Banker, the one-day event is the quintessential forum for Malaysian banking innovation KUALA LUMPUR, Malaysia, June 12, 2025--(BUSINESS WIRE)--Provenir: WHAT: Malaysia has suffered a staggering RM54.02 billion in losses due to financial scams, underscoring the urgent need for stronger fraud prevention measures. The financial crime landscape in Malaysia is becoming increasingly complex, and organizations need the most advanced technology in place to thwart these threats. Highlighting the importance of this issue, Kavinesswaran Karthigasan, APAC Regional Sales Director and Principal Consultant with Provenir, will moderate a panel discussion on "The Digital Identity & Authentication – Building Trust in Malaysia's Digital Banking Ecosystem," as part of The AI, Cloud & Cybersecurity Congress 2025 event in Kuala Lumpur, Malaysia next week. Panelists include representatives from CIMB, Maybank, Boost Bank and Standard Charter. The session will highlight how Malaysian banks can enhance digital identity verification, implement AI-driven authentication systems, and the role of Open Finance frameworks. Karthigasan will also host a panel on "Scaling Bank-Fintech Partnerships in Malaysia – From Collaboration to Success," with panelists from SC Ventures, GX Bank and BCS. WHEN: The panel discussions will take place June 17 at the Mandarin Oriental Kuala Lumpur, Malaysia, as part of The AI, Cloud & Cybersecurity Congress 2025, designed to deliver practical strategies and insights that financial leaders can implement immediately. The event is organized by The Digital Banker and gathers thought leaders, regulators, and innovators to explore how cloud technologies, artificial intelligence, and cybersecurity can drive resilience, efficiency, and innovation in banking in Malaysia. About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually. View source version on Contacts Media Contact: Kelly PoffenbergerLutz Public Relations and Marketing (for Provenir)kelly@ 714.553.9071 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Atom Bank adopts Provenir's AI decisioning platform
UK's Atom bank has chosen Provenir's AI Decisioning Platform to enhance credit risk decisioning and data orchestration. Provenir's technology will support various consumer and business banking products services of the bank. These services include consumer savings, residential mortgage, buy-to-let mortgage, and business lending. Atom bank chief commercial officer Chris Storey said: 'Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device. 'As our customer base and operations continue to grow, our adoption of Provenir's AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience. 'Provenir demonstrated a deep understanding of what we were looking for in a modern, all-in-one decisioning and data solution that could scale to meet our growth plans.' Launched in April 2016, Atom bank is the UK's first app-based bank. Provenir said that its platform will play a crucial role in Atom bank's decisioning processes, including credit, fraud, and identity management. The platform combines decisioning, data, and decision intelligence. Provenir Europe Sales vice-president Mark Collingwood said: 'We're proud to partner with Atom bank, which has quickly become one of the most innovative and successful challenger banks in the UK. 'Our AI-Decisioning Platform will help Atom bank achieve its business objectives and customer experience aspirations to support its goal of being 'the most customer-centric bank on the planet.'' "Atom Bank adopts Provenir's AI decisioning platform" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
29-04-2025
- Business
- Business Wire
Atom bank Selects Provenir for Risk Decisioning and Data Orchestration
PARSIPPANY, N.J.--(BUSINESS WIRE)-- Provenir, a global leader in AI risk decisioning software, today announced Atom bank has selected the Provenir AI Decisioning Platform to streamline and modernize credit risk decisioning and data orchestration. Provenir for Risk Decisioning and Data Orchestration Atom bank, the U.K.'s first app-based bank, will deploy Provenir's award-winning AI Decisioning Platform for risk decisioning and data orchestration to support its consumer and business banking. Share Atom bank launched operations in April 2016 as the U.K.'s first app-based bank, offering mortgages and savings through its app, as well as secured business lending for small and medium-sized enterprises. It is currently the highest rated U.K. bank, savings bank and mortgage lender on Trustpilot. With Provenir's AI Decisioning Platform, Atom bank is streamlining its data orchestration and decisioning in the areas of credit, fraud, and identity, across its residential mortgage, business banking secured lending, consumer savings, and buy-to-let mortgages offerings. 'Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device. As our customer base and operations continue to grow, our adoption of Provenir's AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience,' said Chris Storey, Atom bank's Chief Commercial Officer. 'Provenir demonstrated a deep understanding of what we were looking for in a modern, all-in-one decisioning and data solution that could scale to meet our growth plans.' 'We're proud to partner with Atom bank, which has quickly become one of the most innovative and successful challenger banks in the U.K.,' said Mark Collingwood, Provenir's Vice President, Sales, for Europe. 'Our AI-Decisioning Platform will help Atom bank achieve its business objectives and customer experience aspirations to support its goal of being 'the most customer-centric bank on the planet.'' Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually.
