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.

“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.”

As a newly licensed digital bank in Malaysia, Ryt sought a cutting-edge decisioning infrastructure to match its mission of banking with speed, simplicity, and innovation.

Provenir’s platform provides deep data insights that power tailored loan offers, enhancing customer experience with smarter, faster finance.

With adaptive AI models, Provenir ensures Ryt Bank stays ahead in a dynamic market environment, safeguarding risk management standards.

Together, Provenir and Ryt Bank aim to create meaningful financial impact across Malaysia with innovative, AI-powered solutions.

-- BERNAMA