Latest news with #ProvenirAIDecisioningPlatform
Barnama
23-07-2025
- Business
- Barnama
Provenir Powers AI-driven Lending Revolution At Malaysia's Ryt Bank
KUALA LUMPUR, July 23 (Bernama) -- Provenir, a global leader in artificial intelligence (AI) risk decisioning software, has partnered with Ryt Bank, the world's first AI-powered bank, to accelerate consumer lending through real-time credit risk assessments and personalised offers. The Provenir AI Decisioning Platform enables Ryt Bank to deliver instant loan approvals while automating regulatory compliance and adapting to evolving market risks, according to a statement. Provenir Head of APAC, Kavinesswaran Karthigasan said: 'Ryt Bank is redefining digital banking, and we are proud to fuel that transformation.
Barnama
23-07-2025
- Business
- Barnama
Ryt Bank, The World's First AI-Powered Bank, Selects Provenir for AI Risk Decisioning
PARSIPPANY, N.J., July 23 (Bernama) -- 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.
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.
Associated Press
03-04-2025
- Business
- Associated Press
Provenir Named ‘Data Solution of the Year – Finance' in Fourth Consecutive Breakthrough Awards Win
Provenir, a global leader in AI risk decisioning software, today announced it has been named 'Data Solution of the Year - Finance' in the Data Breakthrough Awards program. This is the fourth year running that Provenir has been named the winner in the category, demonstrating the company's leadership in data orchestration for financial services. The Data Breakthrough Awards program honors the most innovative companies and technologies transforming the data landscape. The program is organized by Tech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market today. 'Provenir is proud to be named 'Data Solution of the Year – Finance' for the fourth year running,' said Carol Hamilton, Chief Product Officer for Provenir. 'This honor validates our commitment to deliver a holistic, AI-powered approach that aligns data, automation, and decisioning analytics to maximize impact for our customers. With fraud becoming more sophisticated and credit risk remaining a top concern, financial services providers need a robust platform that simplifies data integration and optimized decisioning for enhanced customer experiences.' With end-to-end decisioning, the Provenir AI Decisioning Platform eliminates the need to integrate multiple platforms by providing cohesive, loyalty-building experiences across the customer journey that minimize risk and maximize customer lifetime value. A chief component of the platform is the Data Marketplace. The Provenir Data Marketplace brings together offerings from data vendors around the globe into one, easy-to-use cloud solution for data consumption. With fully managed pre-built integrations to more than 120 local and global data partners and a business user-friendly interface, the Data Marketplace makes the process of taking control of an organization's data strategy fast and simple. The Data Marketplace offers easy access to data sources covering open banking, KYC, fraud, credit risk, verification, social media, analytics, auto, affordability and more. With fully maintained API connections to both traditional and alternative data providers, financial institutions can access and use a huge selection of data in minutes — without the worry about ongoing maintenance. 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. Kelly Poffenberger Lutz Public Relations and Marketing (for Provenir) 714.553.9071 SOURCE: Provenir Copyright Business Wire 2025. PUB: 04/03/2025 09:20 AM/DISC: 04/03/2025 09:20 AM
