Expand Your Risk Decisioning Universe

A leading SME Lender in North America, which processes around 10,000 small and mid-sized loan applications per month, was struggling with challenges created by legacy systems. They faced an inability to evolve segmentation strategies or modify existing risk strategies, limiting their ability to power instant decisioning. Most of their loan decisions were produced manually and took up to five days. Using Provenir’s decisioning and data capabilities, the lender deployed advanced, segmented underwriting rules and gained access to additional data. This increased their automated decisioning rate to 80%. This SME Lender can now dedicate manual underwriting resources towards complex issues and exception

cannot handle the wealth of data. And, many potentially predictive elements and attributes end up on the cutting room floor before they can be evaluated. The best way to combat the outlined challenges is by incorporating technology that automates manual effort while removing dependencies on technology to deploy. Provenir has enabled SME’s in this way across the globe. Provenir understands the complexities of business data, automates manual decisions, and provides tools that enable our partners to connect to data, change strategies, and deploy new products with little to no technology intervention.

cases, and can scale without proportionally increasing staff.

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