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Provenir Cloud deployed by GoBear to power digital financial services

Provenir LtdParsippany-based Provenir, a risk decisioning and data analytics software, announced today that GoBear has chosen its platform to power user experiences for customers, and has deployed the technology through a ‘virtual’ team approach amidst the current COVID-19 crisis. Singapore-based FinTech company GoBear is a financial services organisation focused on improving financial inclusion throughout the ASEAN region.

“To fulfil our core mission to improve financial inclusion, we needed to provide a simplified, fast and effortless experience for our users,” Nelius Strydom, Chief Product Officer of GoBear explained. “Provenir’s user-friendly solution allows us to be in full control of our risk strategy while powering real-time decisioning for our customers. With the speed and flexibility of the Provenir Platform driving our decisioning, we will be able to manage and configure business logic or risk policy as the company grows.”

The platform was selected for its ability to support GoBear’s innovation plans and to empower the business to meet the increasing demand for simplified, digital-first banking experiences throughout the region. GoBear will use the platform to process and assess insurance and loan applications in real-time through Provenir’s cloud-based risk analytics solution and use the low-code platform to rapidly implement and iterate risk processes.

“We are very excited to have GoBear onboard using Provenir’s cloud-based Risk Analytics and Decisioning Platform to deliver a real-time, world-class digital experience to its customers,” said John Warren, Provenir’s General Manager of the APAC region. “Despite the constraints of the COVID-19 crisis, huge dedication and versatility has been shown by Provenir and GoBear’s ‘virtual’ teams to deploy the platform on time yet 100% remotely. This is a great example of adapting in these challenging times to continue to deliver for our clients.”

Patrick Tan, Regional Account Director at Provenir added, “We originally planned to conduct a large part of the deployment onsite. This was quickly reviewed in light of the growing crisis and the development and training teams from Asia and the UK were able to collaborate seamlessly via remote technology – an incredible coordinated effort. We’re confident that we can help GoBear achieve the agility and scalability it needs to succeed and grow in Asia’s increasingly competitive financial services landscape.”

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