Atom Bank Leverages Provenir Platform to Revolutionize Credit Risk Decisioning in the UK
Provenir, a leading provider of AI-driven risk decisioning software, has recently partnered with Atom bank, the UK’s pioneering app-based bank, to enhance its credit risk management and data orchestration capabilities. This collaboration aims to streamline various banking processes and improve customer experience.
Atom Bank: Revolutionizing Banking in the UK
Founded in April 2016, Atom bank stands out as the UK’s first fully app-based bank, specializing in offering a range of financial products, including:
- Mortgages
- Consumer savings
- Secured business lending for SMEs
- Buy-to-let mortgages
By implementing Provenir’s AI Decisioning Platform, Atom bank is set to optimize how it manages credit, fraud, and identity data across its diverse product offerings.
Enhancing Customer Experience with AI
Mark Collingwood, the Vice President of Sales for Europe at Provenir, expressed confidence in the partnership, stating:
“Our AI Decisioning Platform will help Atom bank achieve its business objectives and customer experience aspirations to support its goal of being ‘the most customer-centric bank on the planet.’”
Chris Storey, Chief Commercial Officer at Atom bank, also highlighted the significance of this collaboration:
“Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device. As our customer base and operations continue to grow, our adoption of Provenir’s AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience.”
The Benefits of Provenir’s AI Decisioning Platform
Provenir’s platform integrates crucial functions, including:
- Decisioning
- Data access
- Decision intelligence
This consolidation helps financial institutions like Atom bank enhance their:
- Fraud prevention measures
- Customer experience
- Business agility
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