Figopara, a Turkish invoice financing platform, is joining forces with Provenir, a global leader in AI-powered risk decisioning software, to fuel its international growth.
To adapt seamlessly to new markets and changing regulatory environments and to enhance their risk assessment models with advanced machine learning and predictive analytics, Figopara sought a partner with the requisite global reach, scalability, and expertise.
Provenir’s AI-Powered Risk Decisioning platform emerged as the ideal choice for Figopara, offering maximum flexibility to adjust and update strategies without IT dependencies. This collaboration aims to empower Figopara to not only strengthen its existing services but also foster disruptive innovations in the fintech landscape.
Figopara is a pioneer in the realm of FinTech, blending cutting-edge innovation with deep domain expertise in supply chain financing and SME lending. Operating within Istanbul’s rapidly growing FinTech ecosystem, Figopara has built a robust reputation over the years, backed by an expansive database. The company caters to businesses across various sectors, exemplifying its commitment to enhancing financial inclusion and transparency through proprietary scoring algorithms like FigoScore.
Provenir is a global leader in AI-powered risk decisioning software, delivering instant decision-making capabilities by combining decisioning, data, and AI. Provenir’s unique offerings empower organisations to innovate decisioning throughout the entire customer lifecycle, driving improvements in customer experiences, access to financial services, business agility, and more. The company collaborates with disruptive financial services entities across over 50 countries and processes more than 4 billion transactions annually.
“While we have consistently delivered value through our data-driven approaches and domain-specific insights, we recognise the evolving financial risk landscape demands a more refined, real-time, and predictive risk assessment model,” said Cuneyt Aydemir, Risk Management Director at Figopara. “Partnering with Provenir allows us to integrate high-level analytics and regulatory know-how into our existing platforms. This exciting collaboration not only allows Figopara to bolster its existing services – it also sets the stage for disruptive innovations in the fintech landscape.”
“We are excited to partner with Figopara and help build a scalable framework that will easily support its expansion plans and ensure compliance with local regulations,” said Corinne Lleti, Director General, Southern Europe for Provenir. “Our expertise complements Figopara’s domain-specific insights, offering a more comprehensive solution that will empower the company to strengthen its risk decisioning capabilities and quickly respond to changing market needs.”
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