Latest news with #RytBank
Yahoo
6 days ago
- Business
- Yahoo
Ryt Bank taps Provenir for AI credit decisioning platform
Ryt Bank, claimed to be the world's first AI-powered bank, has teamed up with Provenir, a provider of AI risk decisioning software. The Malaysian bank has chosen Provenir AI Decisioning Platform to facilitate quicker credit assessments and tailor customer offers for its consumer lending services. As a newly licenced digital bank, Ryt Bank sought to rapidly introduce a consumer lending product that reflects its AI-centric strategy. The bank faced the challenge of establishing a decision-making framework that could deliver immediate, customised loan approvals while adhering to regulatory requirements and risk management protocols. The tech vendor said that its platform will help the bank benefit from real-time credit risk evaluations, enabling instant loan approvals and personalised loan offers derived from AI-based customer profiling. Additionally, Provenir will assist in automating compliance checks to ensure regulatory adherence and provide learning models to respond to evolving market conditions. This partnership is expected to enhance decision-making speed and accuracy, thereby improving the overall customer experience. Provenir APAC head Kavinesswaran Karthigasan said: 'Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey. 'Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalised digital interactions.' In April this year, Atom Bank in the UK selected Provenir's AI Decisioning Platform to improve credit risk decision-making and data orchestration for its consumer and business banking services. "Ryt Bank taps Provenir for AI credit decisioning platform" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Finextra
6 days ago
- Business
- Finextra
Ryt Bank selects Provenir for AI risk decisioning
Provenir, a global leader in AI risk decisioning software, today announced it has partnered with Ryt Bank – The World's First AI-Powered Bank – to embolden the company's innovation and mission to deliver banking done right with speed, simplicity, and innovation. 0 Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products. As a newly licensed digital bank, Ryt Bank aimed to rapidly launch a consumer lending product that aligns with its AI-first approach. The challenge was to implement a decisioning infrastructure capable of delivering instant, personalized loan approvals while ensuring compliance with regulatory standards and risk management best practices. Ryt Bank selected Provenir's AI Decisioning Platform to support real-time credit risk assessment for instant loan approvals, and for its ability to surface data insights for personalized loan offers based on AI-driven customer profiling. Provenir will also play a crucial role in automating compliance checks to meet regulatory requirements while providing continuous learning models to adapt to changing market dynamics. Finally, Provenir will support fast, accurate decisions to elevate the customer experience, supporting Ryt Bank's mission to deliver smarter, faster finance and create meaningful impact for all Malaysians. 'Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey,' said Kavinesswaran Karthigasan, Head of APAC, Provenir. 'Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalized digital interactions.'
Barnama
6 days ago
- Business
- Barnama
Provenir Powers AI-driven Lending Revolution At Malaysia's Ryt Bank
KUALA LUMPUR, July 23 (Bernama) -- Provenir, a global leader in artificial intelligence (AI) risk decisioning software, has partnered with Ryt Bank, the world's first AI-powered bank, to accelerate consumer lending through real-time credit risk assessments and personalised offers. The Provenir AI Decisioning Platform enables Ryt Bank to deliver instant loan approvals while automating regulatory compliance and adapting to evolving market risks, according to a statement. Provenir Head of APAC, Kavinesswaran Karthigasan said: 'Ryt Bank is redefining digital banking, and we are proud to fuel that transformation.
Barnama
7 days ago
- Business
- Barnama
Ryt Bank, The World's First AI-Powered Bank, Selects Provenir for AI Risk Decisioning
PARSIPPANY, N.J., July 23 (Bernama) -- Provenir, a global leader in AI risk decisioning software, today announced it has partnered with Ryt Bank – The World's First AI-Powered Bank – to embolden the company's innovation and mission to deliver banking done right with speed, simplicity, and innovation. Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products.
Yahoo
7 days ago
- Business
- Yahoo
Ryt Bank, The World's First AI-Powered Bank, Selects Provenir for AI Risk Decisioning
Provenir's AI Decisioning Platform will support real-time credit risk assessment, personalized consumer loan approvals and automated compliance checks PARSIPPANY, N.J., July 23, 2025--(BUSINESS WIRE)--Provenir, a global leader in AI risk decisioning software, today announced it has partnered with Ryt Bank – The World's First AI-Powered Bank – to embolden the company's innovation and mission to deliver banking done right with speed, simplicity, and innovation. Ryt Bank has selected the Provenir AI Decisioning Platform to power faster credit decisions and more personalized customer offers for its consumer lending products. As a newly licensed digital bank, Ryt Bank aimed to rapidly launch a consumer lending product that aligns with its AI-first approach. The challenge was to implement a decisioning infrastructure capable of delivering instant, personalized loan approvals while ensuring compliance with regulatory standards and risk management best practices. Ryt Bank selected Provenir's AI Decisioning Platform to support real-time credit risk assessment for instant loan approvals, and for its ability to surface data insights for personalized loan offers based on AI-driven customer profiling. Provenir will also play a crucial role in automating compliance checks to meet regulatory requirements while providing continuous learning models to adapt to changing market dynamics. Finally, Provenir will support fast, accurate decisions to elevate the customer experience, supporting Ryt Bank's mission to deliver smarter, faster finance and create meaningful impact for all Malaysians. "Ryt Bank is taking digital banking to a new level with its AI-first approach and we are excited to be a part of its journey," said Kavinesswaran Karthigasan, Head of APAC, Provenir. "Our AI Decisioning Platform will provide the foundation for Ryt Bank to help reach its business goals via AI-driven decisioning that meets customer expectations for near instant approvals and highly personalized digital interactions." About Provenir Provenir helps banks, fintechs and financial services providers unlock the secret to smarter risk decisioning. Provenir's AI Decisioning Platform brings together the power of decisioning, data, and decision intelligence to drive smarter decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, best-in-class fraud prevention, access to financial services, business agility, and more. Provenir works with disruptive financial services organizations in more than 60 countries and processes more than 4 billion transactions annually. View source version on Contacts Media Contact: Kelly PoffenbergerLutz Public Relations and Marketing (for Provenir)kelly@ 714.553.9071
