Provenir, the risk decisioning software for the FinTech industry, has joined Visa’s buy now, pay later (BNPL) programme.
The programme enables the company to provide lenders offering BNPL services the ability to make decisions through its AI-powered tech, which includes data integration, AI deployment, and decisioning automation.
According to the business, it works with financial services organisations in 50 countries and processes over three billion transactions every year.
“Provenir is proud to join Visa Ready for BNPL as an enabling partner providing AI-risk decisioning for Visa clients in the BNPL sector,” said Kathy Stares, executive vice president, North America, Provenir. “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.”
The ‘Visa Ready for BNPL’ programme partners provide 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.”
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