Provenir,
a global leader in AI-powered risk decisioning software, has announced
that Autochek Africa, an automotive technology
company, has selected Provenir's Decisioning Platform to automate decisioning and accelerate its expansion efforts.
Autochek
Africa provides solutions that enable commerce within the automotive sector,
including credit underwriting solutions for auto loans, for Autochek, and
third-party banks. Autochek also provides vehicle inspection, maintenance,
insurance and vehicle tracking solutions. The company was seeking a robust
platform with rapid deployment capabilities to automate all credit decisioning
processes to support its strategic expansion into specific regions.
"To
support our aggressive expansion strategy, we needed a partner with an agile
and flexible platform and the ability to deliver within very short
timelines," said Johan
van der Merwe, Chief Executive Officer, Autochek. "We have
partnered with Provenir to automate decisioning for faster and more scalable
approval processes. Within eight months, we were able to provide clients and
dealers with pre-approvals, instalment simulations and loan application
decisions, together with bespoke offers, in six countries. Provenir's low-code
platform provides us a competitive advantage, allowing us to quickly expand
into our target geographies, reducing our launch time in many cases by almost
half."
"We
are pleased to partner with Autochek Africa to help them quickly scale
operations and enter new markets," said Adrian Pillay, Vice President, MEA at Provenir. "Provenir's
flexible platform provides Autochek with the self-sufficiency needed when
launching new products to market, so they can scale faster than ever
before."