back Back

Figopara taps Provenir AI-Powered Risk Decisioning platform

By Delisha Fernandes

October 20, 2023

  • automate decisioning
  • Figopara
  • Financial Inclusion

Figopara, Provenir, Invoice Financing Platform, automate decisioning, supply chain financing, SME lending, financial inclusion, machine learning, Fintech news, Fintech USAProvenir, a global AI-powered risk decisioning software, has announced that Figopara, an online marketplace for invoice financing, has selected the Provenir AI-Powered Risk Decisioning platform to automate decisioning and accelerate its global expansion.

The partnership with Provenir will help Figopara to deploy enhanced analytics whilst achieving regulatory compliance in new markets. By giving Figopara the ability to better automate decisioning, Provenir’s technology will help the company to manage headcount, reduce bad debt, and increase revenue by offering value-added services to their customers.

“While we have consistently delivered value through our data-driven approaches and domain-specific insights, we recognise the evolving financial risk landscape demands a more refined, real-time, and predictive risk assessment model,” said Cuneyt Aydemir, Risk Management Director at Figopara. “Partnering with Provenir allows us to integrate high-level analytics and regulatory know-how into our existing platforms. This exciting collaboration not only allows Figopara to bolster its existing services – it also sets the stage for disruptive innovations in the fintech landscape.”

Figopara stands at the intersection of FinTech innovation and deep domain expertise in supply chain financing and SME lending. With an expansive database cultivated over years of operation in Istanbul’s fast-growing FinTech ecosystem, the company provides robust solutions for businesses across various sectors. It also wanted to enhance its risk models with advanced machine learning algorithms and predictive analytics.

“We are excited to partner with Figopara and help build a scalable framework that will easily support its expansion plans and ensure compliance with local regulations,” said Corinne Lleti, Director General, Southern Europe for Provenir. “Our expertise complements Figopara’s domain-specific insights, offering a more comprehensive solution that will empower the company to strengthen its risk decisioning capabilities and quickly respond to changing market needs.”

Previous Article

October 20, 2023

7 FinTech tweets you should see!

Read More
Next Article

October 20, 2023

Citi & Navan unveil travel solution for commercial bank Clients

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

automate decisioning

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


SaaScada & Partes sign embedded finance partnership in Switzerland

Read More


Finastra completes new SIC instant payments readiness project

Read More

July 11, 2024

RAKBANK to enhance banking operations with Microsoft AI

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024