Flexible
Risk Management Platform Empowers New Lender with Automated, Accurate Decisioning
Enhanced Risk Management
Improved accuracy and speed in credit decisioning
Increased Automation
48% automation rate in automotive lending
Reduced Costs
Lower core software expenses and reduced IT dependency
Use Case: Retail Lending, Auto Lending, Insurance Premium Loans
Quick Finans is a newly established financial services company in Turkey, offering innovative and integrated credit and insurance solutions. Founded with the backing of the Maher Group, Quick Finans aims to transform the potential of insurance agencies and group companies into value through its expertise in risk management.
Challenge:
Quick Finans, a newly established financial services company in Turkey and part of Quick Sigorta - one of the main players in the insurance market - aimed to offer innovative and integrated credit and insurance solutions. As they entered the market during an unpredictable economic period, they faced several critical challenges:
• Efficiently assessing credit risk while meeting customer expectations for speed and convenience
• Managing risk accurately and quickly in an uncertain economy
• Matching limited funding resources with the right customers
• Adapting to new technologies and integrating easily
• Providing flexibility for their unique business model
“Provenir’s globally recognized and experienced solution impressed us in terms of the level of risk management we were aiming for. We were pleased with the quick adaptation to our needs compared to competitors and the satisfactory answers we received.”
Mr. Dr. Cumhur Taş Deputy, General Manager / Credit and Operations
Flexible Risk Management Platform Empowers New Lender with Automated, Accurate Decisioning Future Plans:
• Expand Online Lending Capabilities: Leverage Provenir’s platform to enhance Quick Finans’ online lending offerings, improving digital customer experiences and expanding market reach.
• Venture Into Commercial Lending: Utilize Provenir’s flexible risk management tools to develop and launch commercial lending products, diversifying Quick Finans’ portfolio.
Solution:
After thorough market research, Quick Finans chose Provenir’s credit risk decisioning platform. Key features of the implementation included:
• Deployment for retail credit processes, focusing on auto lending and insurance premium loans
• Setting up flexible decisioning flows according to Quick Finans’ business model
• Enabling AML API integration without external software, usable directly in decision trees
• Leveraging Provenir’s adaptability to new technologies like AI, machine learning, and API integrations
• Support from Provenir’s local team, including onthe-job training during initial implementation
Results:
Quick Finans’ Provenir integration have been producing impressive results from its implementation:
Increased Automation: 48% automation rate achieved in automotive lending
Speed to Market: Launched in less than 12 weeks and launched product shortly after
Product Line Expansion: Successful implementation of the automotive lending product led to two more product lines launched
Improved Risk Management: More accurate and quick risk assessment while granting loans
Quick Decisioning: Ability to run formulas and parse raw Credit Bureau data without IT support in almost real-time