Maximize Value Across the Entire Customer Lifecycle
Challenge:
“We found that Provenir outperformed their competitors in the areas where we sought excellence – time to market, functionality, flexibility and technology. With the Provenir solution we will be able to consolidate the systems supporting credit decisions across our whole group onto one platform.” Frederick Ridaeus, Nordic Credit Manager With several acquisitions and plans to enter the Danish e-commerce market, Resurs Bank needed a credit risk decisioning solution that would support growth and deliver faster response to customers. In particular, the bank wanted to create a uniform credit approval process, make better use of information about customer behavior and enhance its e-commerce experience. It also wanted to increase business agility by eliminating the need for IT assistance whenever credit scoring models required changes.
Use Case: E-commerce
Resurs Bank specializes in providing e-commerce financing, consumer credit, unsecured loans and credit cards in the Nordic region. www.resursbank.se
Provenir Solution: Decisioning Cloud
Solution:
In less than six months, Resurs Bank configured and deployed a new digital credit decisioning solution in Denmark, including integration with the ecommerce platform as well as Experian and Bisnode. Provenir is now automating credit scoring and decisioning for an initial two Danish retail partners. In addition, the credit department can now make changes to its SAS risk models and re-deploy them within the automated decisioning process without any IT assistance.
Benefits:
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Results:
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The Provenir Risk Analytics and Decisioning Platform offers a unified digital credit decision solution, including credit scoring, that Resurs Bank can use across all of its credit and lending products. The bank recognized that it could easily integrate Provenir with its existing e-commerce Web platform, internal databases and external systems and bureaus.
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Explore What’s Possible
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