AI-powered risk decisioning software provider Provenir has entered a global partnership with Trustfull to include the latter in its Data Marketplace. Through this collaboration, clients can access an array of data sources, including new alternatives from social and web apps, as well as telco data, integrated with the Provenir decisioning engine, enabling them to make improved risk decisions.

Trustfull also intends to offer its clients a data source that is global, allowing integration with any international market. Provenir – Trustfull partnership objective Trustfull allows companies to use alternative data and digital footprint analytics to improve their identity screening, prevent fraud, and enhance digital onboarding experiences through trust and risk signals coming from email, phone number, IP address, device, and browser data. Provenir’s Global Data Marketplace merges offerings from data partners around the world and develops an ecosystem for organisations who need a user-friendly cloud solution for data consumption across their decisioning processes.

The company’s fully maintained API connections to traditional and alternative data providers enable organisations to add and test new data sources faster. According to Provenir’s officials, the integration of Trustfull into the Data Marketplace comes as a response to clients’ demand for new sources of digital signals that further verify identity and prevent fraud. Trustfull’s solution offers a combination of data sources, accuracy, and risk scoring that aligns with Provenir’s decisioning technology. Moreover, representatives from Trustfull stated that the strategic collaboration matches with the company’s commitment to become the preferred destination for enterprise clients that need technology to support more accurate risk decisions, specifically during a pre-Know Your Customer (KYC) screening phase.

Through this partnership, both companies intend to provide clients with a simplified, single point of integration for organisations seeking comprehensive risk orchestration. Provenir’s past developments With its solutions, Provenir intends to support fintechs, financial institutions, and payment providers in improving their decision-making processes by simplifying risk decisioning. The company’s no-code, cloud-native Software-as-a-Service (SaaS) products enable rapid development of decisioning workflows and its global Data Marketplace provides streamlined integration, AI and machine learning models, and real-time insights.

Currently, Provenir works with financial services organisations in more than 33 countries and processes approximately 2 billion transactions annually, according to company data. At the beginning of February 2023, Provenir obtained an ISO/IEC 27001 accredited certification for data security. With this certification, the company could prove to its consumers, investors, and other interested parties that it was managing information security according to international best practices. At that time, representatives from Provenir underlined the importance of ISO/IEC and highlighted their commitment to protecting customer and company data. During the same period, Quick Finans, a Turkey-based consumer finance company, selected Provenir’s AI-powered data decisioning platform to approve and onboard customers.

Through this, Provenir’s platform offered Quick Finans the flexibility to power its business, as well as access and integration capabilities to new data sources that helped the company gain a more holistic understanding of its applicants and customers. Furthermore, the collaboration provided Quick Finans with the agility to rapidly make changes, test additional strategies, and launch products to market faster. .