Provenir, a New Jersey-based provider of AI-driven risk decisioning software, has announced that UK’s Atom bank has chosen its AI Decisioning Platform to support improvements in credit risk decisioning and data orchestration.

Launched in April 2016, Atom bank is the UK’s first app-based bank, offering mortgages and savings products through its mobile platform.

It also provides secured business lending for SMEs.

By adopting Provenir’s platform, Atom bank aims to streamline how it handles credit, fraud, and identity data across several products, including residential mortgages, secured business lending, consumer savings, and buy-to-let mortgages.

Mark Collingwood, Vice President of Sales for Europe at Provenir, said:

“Our AI Decisioning Platform will help Atom bank achieve its business objectives and customer experience aspirations to support its goal of being ‘the most customer-centric bank on the planet.’”

“Atom bank provides simple, well-designed mortgages and savings products that deliver ease, speed and value right to your device,”

said Chris Storey, Chief Commercial Officer at Atom bank.

“As our customer base and operations continue to grow, our adoption of Provenir’s AI Decisioning Platform will reduce the complexities of managing multiple risk decisioning platforms while supporting our commitment to exceptional customer experience.”

Provenir’s platform integrates decisioning, data access, and decision intelligence into one system, supporting financial institutions in improving fraud prevention, customer experience, and business agility.

Featured image credit: edited from freepik

This article first appeared on Fintech News Singapore