Ryt Bank, the world’s first end-to-end AI bank, has partnered with Provenir to expand its AI-powered risk decisioning capabilities. Together, the two companies plan to revolutionize consumer lending with real-time personalized approvals.
In its new status as a digital bank, Ryt Bank required a platform that could provide instant, regulatory-compliant loan approval decisions. To achieve this, the bank chose Provenir’s AI Decisioning Platform for its speed, scalability, and advanced AI risk decisioning capabilities.
This partnership allows Ryt Bank to automate credit approval and offer customization using AI insights. This, in turn, facilitates quick and customized experiences that live up to customer demands.
Provenir has an instant credit approval-enabled platform and also manages regulatory compliance through automated screening. In addition, its models of continuous learning evolve in line with changing market trends and refine decision-making over time.
Through this AI risk decisioning platform, Ryt Bank aims to raise the bar in Malaysia’s digital finance sector. The solution empowers the bank to deliver smarter services, faster approvals, and a seamless digital experience.
“Ryt Bank is redefining banking with its AI-first strategy,” said Kavinesswaran Karthigasan, Head of APAC at Provenir. “We’re proud to support their mission through our AI Decisioning Platform, helping achieve real-time credit risk assessment and deep personalization.”
Together, Ryt Bank and Provenir plan to reshape how financial institutions approach AI risk decisioning in today’s fast-paced digital landscape.
Stay ahead with the latest in IT and data tech—visit IT Tech News for more innovations shaping the future.
News Source: Businesswire.com
