Inovatec Partners with Real-Time Risk Decisioning Specialist Provenir
  • Provenir announced a new partnership with Inovatec Systems.
  • The partnership will enable auto lenders on Inovatec’s LOS platform to access Provenir’s risk decisioning solutions
  • Headquartered in New Jersey, Provenir has forged partnerships with TransUnion, Kueski, and Provu in recent months.

Real-time risk decisioning software company Provenir announced a new partner today. The Parsippany, New Jersey-based technology company has inked a deal with Canadian lending software firm Inovatec Systems that will give Inovatec’s roster of automobile lenders new tools to improve the financing process.

“Inovatec’s configurable loan origination and loan management solutions efficiently support third party solutions that improve the speed, reliability, and efficiency of the entire lending process,” Inovatec Head of Business Development Bob Metodiev said. Courtesy of the new relationship, auto financing companies working with Inovatec will be able to leverage open APIs to access Provenir’s AI-powered decisioning solutions – which are embedded into Inovatec’s LOS platform. Combined with Provenir’s technology, the enhanced solution will help lenders make smarter automated decisions while providing an optimal experience for the customer.

“Through the unique combination of universal access to data, simplified AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem that enables organizations to make smarter decisions instantly across the entire customer lifecycle,” Provenir EVP for North America Kathy Stares said.

Provenir offers a data, AI, and decisioning platform that leverages the cloud and no-code technology to enable businesses to build advanced decisioning workflows, integrate any data source, and deploy AI and machine learning models. The technology is applicable to a wide variety of contexts – from BNPL, SME lending, and auto financing, to retail POS lending, digital merchant onboarding, and bank loan origination.

Founded in 2004, Provenir was a Gold sponsor of FinovateEurope earlier this year, where the company’s Carol Hamilton, SVP of Global Solutions, spoke as part of a panel on “Achieving Digital Acceleration – What Do Incumbents Need to Do?” In the months since then, the company has announced partnerships with TransUnion, Mexico-based lender Kueski, and its first Brazilian customer, payments and personal credit fintech Provu. Provenir also announced today that it is expanding its presence in Spain. Join Provenir’s Corinne Llelti next week for a special digital presentation exclusive to Finovate – “Driving World Class SME Lending Experiences.”

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