FactorTrust and Provenir Partner to Deliver Clients Faster Lending Solutions for the Underbanked

Integrated solution to be available at Money 20/20

ATLANTA–(BUSINESS WIRE)–In advance of Money
20/20
, the financial industry’s largest tradeshow, FactorTrust,
The Alternative Credit Bureau, announces the integration of its database
with risk analytics and decision solutions provider Provenir.
The integration provides Provenir’s clients with exposure to a greater
pool of creditworthy borrowers.

“Combining FactorTrust’s ability to accurately mine and score
underbanked consumers with Provenir’s automated end-to-end risk
analytics and decisioning platform provides lenders with an even quicker
and more accurate and robust lending solution,” states Greg Rable, CEO
of FactorTrust.

FactorTrust’s real-time database of more than 200 million loan
transactions provides lenders with a holistic view of underbanked
consumers’ creditworthiness and ability to repay loans. Though all
lenders, including banks, benefit from FactorTrust’s data, it is
especially valuable in the consumer lending, auto and rent-to-own
industries.

“Our clients are frequently looking for reliable and accurate data
sources as an alternative to traditional bureau, which integrate into
the lending process simply,” says Paul Thomas, Provenir’s global head of
sales and marketing. “By developing a relationship with FactorTrust,
we’re providing a value-add for our clients which not only cuts down on
the time associated with underwriting, but is also cost-efficient to
implement.”

For more information on FactorTrust, please visit www.FactorTrust.com
or contact FactorTrust at 1-866-910-8497.

About FactorTrust

FactorTrust, The Alternative Credit Bureau, helps lenders manage the
credit lifecycle of underbanked consumers using unique alternative
credit information not available from the Big Three bureaus, enabling
them to offer non-prime consumers the credit they deserve. Nearly 113
million U.S. adults have non-prime scores. Leveraging the company’s
credit information, lenders can more accurately predict future borrowing
behavior, credit performance and risk scoring for this growing segment.
Headquartered in Atlanta, the experienced FactorTrust team of predictive
analytics specialists, statisticians and financial industry experts has
delivered unique data and valuable insight to lenders throughout the
U.S. for nearly 10 years. For more information on the quarterly
FactorTrust Underbanked Index or the company itself, visit www.FactorTrust.com.

About Provenir

Provenir makes risk analytics faster and simpler for financial
institutions. Our Provenir risk analytics and decisioning platform is a
powerful orchestration hub that can listen to any channel, integrate
with any data service and operationalize any analytic model. We help
clients process more applications with greater efficiency and increase
sales conversions with instant, real-time risk decisioning, serving
clients across a broad range of financial verticals including consumer,
commercial, cards, payments, ecommerce and auto financing. Provenir is
headquartered in Parsippany, New Jersey with UK operations in London and
Leeds. For more information please visit www.provenir.com.

Contacts

Trevelino/Keller Communications Group
Savannah Weeks, 404-214-0722
Ext.110
sweeks@trevelinokeller.com

Recibe gratis todas las noticias en tu correo

Este sitio está protegido por reCAPTCHA y Google Política de privacidad y Se aplican las Condiciones de servicio.

¡Muchas gracias! Ya estás suscrito a nuestro newsletter

Más sobre este tema
Contenido Patrocinado
Enlaces patrocinados por Outbrain