Quickly Implement Change
Modify rules + processes easily in a visual environment without IT support
Meet Growth Demands
Easily scale to support expansion + growing volumes
Improve the Customer Experience
Better insights expedite decisions
This fintech had an inhouse built system for accepting and processing applications but it did not offer the flexibility or speed required to be competitive. They needed a nimble decision engine that would allow them to quickly change business logic, test, and deploy to production.
The company chose Provenir because its flexible no-code, cloud solution makes it easy to rapidly create and modify decisioning workflows. Within a matter of weeks, Provenir implemented a new solution to significantly decrease decisioning time. The solution accelerated the risk decisioning process, and empowered business users to modify rules and processes easily in a visual environment.Transaction time was decreased further by incorporating Python as a service.
Decisions that were taking at least 15 seconds are now made under 1 second, on average. This real-time decisioning results in an improved customer experience. In a very short period, the company attained its goals of having a nimble decision engine that allows them to modify models in response to vendor and compliance requirements.
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