Your clients don’t want to wait weeks, or even days, for their credit applications to be approved. Companies must offer onboarding processes that are easy, quick and customer focused. At the same time, you need to ensure KYC, AML, and other onboarding due diligence is performed accurately and completely for each application. Provenir delivers a unified, flexible solution to simplify your onboarding and KYC processes and power compliance at a lower cost.
Leverage Provenir's advanced automation, analytics, decisioning, and integration capabilities to streamline complex processes from start to finish. With Provenir, you can reduce the time it takes to onboard a client from days or weeks to just minutes, powering a superior customer experience that drives business growth. Because if you aren’t onboarding in minutes, your competitors will.
•Responsiveservice with multi-channel applications, instant decisioning and straightthrough processing.
• Streamlinedataaccess using the marketplace to create a cohesive data ecosystem using virtually any internal and external data source.
•Reducedcompliancecosts with orchestrated KYC processes seamlessly integrated into the overall credit workflow to automate data gathering, data standardization, identity verification, due diligence and decisioning.
•Lowerrisk with industry-standard analytic models easily operationalized in your risk decisioning processes.
•Increasedbusiness-levelcontrolandagility with familiar, visual configuration tools to create and change user interfaces, rules, processes and integrations.
•Accelerateddeployment with Provenir’s Cloud Suite, which offers a cloud-native data, decisioning and analytics platform for easier launching, learning, and iteration.
•Multi-channel support lets clients submit applications over any channel and device.
•Multi-currency and multi-language support ensure clients in different countries can workin their native languages and currencies.
•Easy integration allows any risk model or scorecard developed in industry-standard analytics tools, including R, SAS, Python, PMML and Excel, to be operationalized in automated decisioning processes.
•Wizards import a model, map and validate data in minutes, without any coding.
• The Provenir marketplace speeds integration with enterprise and third-party systems and bureaus.
•Business rules ensure only the right data is aggregated for each client or account, eliminating expensive, unnecessary calls to bureaus.
•Automated workflow identifies, verifies and validates the customer, performs checks and flags areas of potential risk.
•Automated standardization creates data uniformity, ensuring business logic can be applied to all information.
•Prebuilt and fully maintained data integrations enable rapid data enrichment, automatically aggregating all required data such as client information, credit reports, financial statements and document verification.
•Straight-through processing enables instant decisioning with no manual intervention.
•Rules-driven decisioning identifies exceptions, determines when manual intervention is required, recommends the next best actionand routes the application to the appropriate underwriter.
•Rules-driven decisioning supportsspecialization, applying the right regulationsfor each application to reduce onboarding timewhile enabling automated compliance acrossregions and countries.
•Dynamic business logic can automatically determine compliance or non-compliance, as well as refer an application to the right individual for further analysis.
• Preconfigured data integrations make it easy to use Provenir to aggregate and standardize data and then pass it to existing systems used to determine compliance.