Credit Journey Optimization with AI: Jeitto Doubles Portfolio and Reduces Default with Provenir Technology Faster Response Time
Reduction in Defaults
Improved Self-Reliance
10% increase in approval rate
20% reduction in defaults
Greater ability to change decision flows
Use Case:
Challenge:
Solution:
Since 2022, Jeitto has been making a series of improvements to its platform, seeking to offer its customers an even better experience. They began searching for a solution that could provide greater agility in managing and adjusting their credit strategies, which is one of the main assets with their customer base. In addition, they needed a solution that was able to enable personalized consumer credit decisions for each different business partner.
Consumer Lending
Provenir Decisioning
Jeitto is a digital credit and services platform aimed at people who do a lot with little, granting financial resources in an uncomplicated, fast and secure manner to more than 9 million customers. Jeitto is headquartered in São Paulo, Brazil and was founded in 2014.
Jeitto wanted a solution that could increase the credit granting capacity and control the risk factors in Jeitto’s operations, promote greater agility to deal with changes in the target market profile, and allow for faster and more simplified integrations. “While the market was shrinking, we started to invest much more in decisioning capacity, working with more sources of information, more algorithms and more details. With a greater capacity to reduce credit risk, we achieved a 20% drop in default internally. With these results, we can say that we are on the right track to obtain a return on investment in Provenir’s solution” Alex Franco, CRO, Jeitto