Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software. As a result, Inovatec’s roster of automobile lenders can access Provenir’s proven portfolio of AI-driven decisioning solutions through open APIs that are embedded into Inovatec’s market-leading LOS platform.

“Inovatec’s configurable loan origination and loan management solutions efficiently support third-party solutions that improve the speed, reliability and efficiency of the entire lending process,” said Bob Metodiev, head of business development at Inovatec. “We are very happy to make Provenir’s decisioning solutions available to our customers and deliver these robust benefits. This integration continues our effort to ensure that the lenders we serve have access to the most impactful services available in the market.”   

“We are excited to partner with market leader Inovatec to help lenders provide an excellent consumer experience while meeting consumers demand for real-time decisions,” said Kathy Stares, executive vice president, North America for Provenir. “Through the unique combination of universal access to data, simplified AI and world-class decisioning technology, Provenir provides a cohesive risk ecosystem that enables organizations to make smarter decisions instantly across the entire customer lifecycle. Combined with Inovatec’s industry-leading solutions, lenders will be empowered to make smart, automated decisions while providing the best possible experience to their customers, thus gaining a competitive advantage.”