Provenir, an AI-powered risk decisioning software provider, announced it has been selected to join TransUnion’s Strategic Alliance Distribution Programme.

Through this alliance, TransUnion’s clients will be able to take advantage of Provenir’s platform to gain deeper insights for greater decisioning speed and accuracy.

The way consumers interact with financial services products is changing, rapidly – consumers expect instant decisions, personalised offers and automated, digital experiences.

Meanwhile, fraud losses hit US$56 billion in 2020 and fraud attacks are only getting more sophisticated and widespread.

To address these challenges, financial organisations are increasingly seeking technology that provides flexibility, scalability, access to new data sources and self-learning models.

Provenir’s AI-Powered Decisioning Platform combines universal access to data, including TransUnion’s data, simplified AI and sophisticated decisioning technology.

This provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle – with diverse data for deeper insights, auto-optimised decisions, and a continuous feedback loop for constant improvement.

“Provenir is a valued long-term business partner. Now our customers can leverage TransUnion data in more ways as it is integrated within the Provenir platform.

 

Backed by a strong commitment to R&D and ongoing product development, Provenir offers the flexibility and scalability our clients say they need to respond quickly to changing market conditions and to support rapid growth.”

said Aaron Smith, Vice President of Global Platform Partnerships at TransUnion.

“Organisations must be able to make accurate credit decisions instantly to deliver superior customer experiences, and Provenir’s AI-powered decisioning platform makes it possible by bringing together the essential components of data, AI and decisioning.

 

We’re enjoying great success partnering with TU to help clients respond quickly to market changes and make smarter, real-time decisions.”

said Bharath Vellore, General Manager, APAC for Provenir.