Inovatec partners with Provenir to provide advanced BI solutions to lenders

AI-powered capabilities improve accuracy and efficiency to accelerate auto loans

BURNABY, BC /ACCESSWIRE/September 20, 2022/ Inovatec Systems, a leading provider of cloud-based software solutions for lenders, announced that it has entered into a partnership with Provenir, a global leader in AI-based risk management software. As a result, Inovatec’s list of auto lenders can access Provenir’s proven portfolio of AI-powered business intelligence solutions through open APIs that are integrated with Inovatec’s market-leading LOS platform.

Based in Parsippany, New Jersey, Provenir is a global provider of intelligent decision-making solutions that enable lenders, finance companies and other financial institutions to reduce risk and make faster, more accurate decisions on credit applications. The Company’s Provenir AI-Powered Business Intelligence Platform is a no-code, cloud-based solution that serves a multitude of markets, including BNPL, retail outlets, fintech, banking, as well as auto lending.

“Inovatec’s configurable loan origination and management solutions effectively support third-party solutions that improve the speed, reliability and efficiency of the entire loan process,” said Bob Metodiev, Head of Development commercial at Inovatec. “We are very pleased to make Provenir’s BI solutions available to our customers and to deliver these robust benefits. This integration continues our efforts to ensure that the lenders we serve have access to the most impactful services available on the market. .”

Inovatec’s LOS, LMS and Consumer Direct technology enables lenders to streamline loan processing, decision-making and management through intelligent automation that can be configured to meet lenders’ needs. The company’s offerings allow lenders to leverage a range of innovative services via open APIs, giving them the power to adjust workflows and use advanced features such as analytics and alternative data to make accurate decisions, grow their portfolios and gain market share.

“We are thrilled to partner with market leader Inovatec to help lenders deliver a great customer experience while meeting consumer demand for real-time decisions,” said Kathy Stares, executive vice president, North America. North to Origin. “Through the unique combination of universal access to data, simplified AI and world-class decision-making technology, Provenir provides a cohesive risk ecosystem that enables organizations to make smarter decisions instantly throughout of the customer lifecycle. Combined with Inovatec’s industry-leading solutions, lenders will be empowered to make intelligent, automated decisions while providing the best possible experience to their customers, thereby gaining a competitive advantage.”

For more information on Inovatec’s integrated loan origination system, loan management system and client portal solution, visit www.inovatec.com.

About Inovatec

Inovatec Systems Corporation’s proven cloud-based loan origination and loan management solutions improve business outcomes for automotive, powersports, consumer, equipment and other lenders in North America and around the world. other markets. Inovatec’s single, flexible platform enables lenders to meet changing customer requirements, increase revenue, reduce operating costs and improve customer experience, all through an intuitive interface, easy to set up and manage. www.inovatec.com

About Origin

Provenir helps fintechs and financial services providers make smarter decisions faster with our AI-powered risk decision platform.

Provenir brings together the three essential components needed – data, AI and decision making – in a unified risk decision making solution to help organizations deliver world-class customer experiences. This unique offering empowers organizations to drive business intelligence innovation across the customer lifecycle, improving customer experience, access to financial services, business agility, and more.

Provenir works with disruptive financial services organizations in over 50 countries and processes over 3 billion transactions annually.

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PR contact:

Suzanne Mattaboni
Parallel Communications Group, Inc.
610-737-2140
Twitter: @Parallel_PR
[email protected]

THE SOURCE: Inovatec systems

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