CCR Magazine

You are here  :Home arrow News arrow Provenir Launches New Version of Prism for Commercial and SME Lenders
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Provenir Launches New Version of Prism for Commercial and SME Lenders PDF Print E-mail
Wednesday, 09 September 2015

Provenir, the risk decisioning solutions provider, today announces its latest enhancements to Prism, the complete  lending solution for small business and commercial lenders. Prism helps financial services organisations improve their productivity through streamlined, automated processes. Its innovative policy updating capability empowers lenders to adapt their risk decisioning as needs dictate.

The latest enhancements include updates to documentation management, flexible workflows and a user interface that clearly shows credit and loan status to help lenders process applications swiftly and compliantly.

“Lenders need to deliver a good customer experience to compete in an industry where new market entrants are constantly challenging for their business,” says Jeff Oulton, Provenir’s President and Chief Operating Officer. “This means looking at the processes and systems they use, questioning how their credit and loan application processing can be more efficient, and improving the way they complete tasks to raise productivity.”

Enhancements to Prism’s user interface make filtering data simple so lenders can view the status of applications in progress, and more readily take action at each stage of the process. Supporting the due diligence required throughout lending assessments, Prism captures information from the data sources provided in support of applications and prompts for verifying actions to be taken, providing an audit trail of what was done and when. The latest developments in Prism also take individual product requests contained in multi-product applications through appropriate workstreams, so that the rapid processing of less complex applications can progress.

“As economies recover we see an increase in the volume and complexity of loan applications,” adds Oulton. “Businesses apply for multiple products at any one time and lenders want to be able to respond efficiently to them. These latest workflow enhancements to Prism help institutions with risk decisioning by product so customer needs can be met as quickly as possible, enabling them to get on with their own business.”

Prism provides a complete commercial and SME lending solution for credit and loan origination, credit risk decisioning, financial analysis and risk rating and portfolio management. Consolidating information and data from multiple sources to deliver end-to-end straight through processing, Prism automatically assigns and monitors the numerous tasks required for sound credit decisioning through a user-friendly client interface.

(Source - Provenir Press Release)  


latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197