Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced it is part of the Visa Ready for BNPL program, providing lenders offering Buy Now Pay Later (BNPL) services the ability to make data-fueled and AI-powered intelligent decisions.
The recent announcement shapes Provenir’s established partnership with Visa, leveraging Visa’s collaboration, expertise, and vast network. In addition to Visa Ready for BNPL, Provenir is also an enabling partner with Visa’s Fintech Fast Track Program and Visa Fintech Partner Connect.
Provenir’s also added that its AI-Powered Decisioning Platform is comprised of three essential components that empower the financial institutions to rapidly overcome the challenges that hold them back — data integration, AI deployment, and decision automation.
Kathy Stares, Executive Vice President, North America at Provenir stated “Provenir is proud to join Visa Ready for BNPL as an enabling partner providing AI-risk decisioning for Visa clients in the BNPL sector. In the fast-moving BNPL sector, risk decisioning that’s accurate and based on real-time information is essential. Our AI-powered risk decisioning platform provides a cohesive risk ecosystem to enable smarter decisions across the entire customer lifecycle to power many of the world’s leading BNPL providers across all continents.”
Industry sources added that via the Visa Ready for BNPL program, Visa establishes a robust ecosystem of partners to scale Visa’s BNPL portfolio of solutions worldwide.
Visa Ready for BNPL program partners provides Visa clients access to solutions and capabilities to support standing up BNPL capabilities including acquirers, POS systems, commerce platforms, issuer/virtual card processors, digital banking providers, origination platforms, system integrators, and more.
Press Release received on Mail By Priority Consultants