White Oak Selects Provenir Cloud to Power Business Lending
- Lending , Cloud
- 01.10.2020 01:21 pm
Provenir, a global leader in risk decisioning and data analytics software, announced today that White Oak has chosen Provenir Cloud technology to support its digitization and innovation strategy, accelerating a move to a fully automated origination process across its business loans and asset finance products.
Nick Isaacs, Chief Risk Officer, Leases and Loans, at White Oak, said: “For over 30 years, we’ve been helping thousands of entrepreneurs and small businesses across the UK with their working capital needs. As an accredited CBILS lender, we are continuing to see higher volumes of applications via our direct and aggregated channels, and we are committed to delivering the smoothest lending experience possible.”
“We have chosen Provenir to ensure we have the best technology in place to provide our clients with a better service. This partnership allows us to make real-time risk decisions with a fully automated lending experience. Provenir has an impressive track record in the industry and their low-code platform will give us the flexibility to build new models, integrate new data sources easily and enhance our underwriting process.”
Chris Kneen, Sales Director at Provenir, adds: “We are delighted to be supporting White Oak with our cloud-based risk analytics platform. They are playing a crucial role in the UK SME finance market right now and have a clear vision to further disrupt the way businesses can access funds with little fuss – adopting our agile technology to enhance the speed and accuracy of credit decisions is a key component of their innovation strategy. We’re really excited to have White Oak onboard to our cloud-based solution which will complement their first-class customer service.”