The new partnership will allow instant automatic investment decisions.
“This new approach to data will allow organizations to successfully deploy their risk strategies and in turn allow them to focus on providing their customers with a better experience”
Global business intelligence specialist Creditsafe has announced a new partnership with risk decisioning and data science solution Provenir to provide automated investment and credit risk decisioning to businesses.
The partnership will see Creditsafe incorporate Provenir’s risk decisioning and data science platform into its Connect API, allowing connection to major CRM and ERP systems. This will allow users to be able to access and analyse financial data regarding possible investment and lending opportunities in real-time. Thanks to this new partnership companies will be able to make more informed choices, reducing the risk of bad debt and empowering business growth. Automating the credit check process will allow businesses to incorporate data concerning a company’s financial health into the onboarding process, reducing the need for manual data checks that take time and increase the likelihood of human error.
Cato Syversen, Global CEO at Creditsafe, comments: “With the expectations of the buyers at the highest they have ever been, automation is a crucial aspect to any successful organisation. Working with Provenir, we will be able to provide more streamlined solutions for businesses looking to work with new partners and achieve sustained company growth.
“By leveraging its sophisticated risk decisioning and data science platform and combining it with our market leading business information, this new partnership will allow our corporate clients, from SMEs to multinational corporations, to benefit from a more efficient credit check process which is reinventing how to create customized scores and credit limits. This new approach to data acquisition will also streamline the onboarding process, provide a greater level of insight for business owners and stabilise new workflows, which will inevitably change how companies do business”
“We look forward to seeing how we can work closely as partners as we begin to move into new territories and develop our array of services.”
Paul Thomas, Managing Director at Provenir, adds: “Teaming up with Creditsafe was a natural fit for us. Combining our powerful decisioning technology with industry-leading data from Creditsafe allows businesses to get clearer insights into their potential clients and gain tighter control over the onboarding processes.”
“This new approach to data will allow organizations to successfully deploy their risk strategies and in turn allow them to focus on providing their customers with a better experience, which means more small businesses getting loans when they need them, customers getting credit approvals quicker, and organizations gaining easier access to investment funds.”
About: Founded in 1992 by Lawrence Smith, Provenir is a privately held company which provides risk analytics and decisioning solutions to multiple financial segments including SME lending, consumer credit and lending, auto lending and financing, commercial lending, commercial real estate finance, and fintech. Provenier provide solutions across North America and EMEA for financial industry leaders such as Nordea, Elavon, Klarna, HSBC and Wells Fargo among others.
Source: Creditsafe Press Release