On Tuesday, Point Predictive, the San Diego-based company and former Emerging 8 honoree that provides artificial intelligence (AI) solutions to finance, announced a strategic partnership with Provenir, a global leader in AI-powered risk decisioning software for the fintech industry.

Available through the Provenir Marketplace, Point Predictive said its artificial and natural intelligence solutions can provide Provenir customers with increased underwriting automation, simplified data integration and solutions that can enable finance companies to fast-track applications with a low risk of default based on fraud or material misrepresentation.

Furthermore, the small percentage of applications with a high risk of fraud can be flagged for additional investigation, according to a news release.

“Provenir’s cloud-native data, AI and decisioning platform align perfectly with Point Predictive’s AI-based solutions,” Point Predictive chief executive officer Tim Grace said in the news release. “We are confident this partnership will empower Provenir customers to increase efficiency, streamline the lending experience, and be more competitive overall in the dynamic, digital lending marketplace.”

Provenir pointed out the strategic partnership with Point Predictive is growing proof that shared data, insight, and AI is the future of digital transformation in financing and fraud risk mitigation.

“We look forward to working with Point Predictive, a company that shares our philosophy that collaboration and automated decisioning workflows uncover insights that drive businesses forward,” said Carol Hamilton, senior vice president of global solutions at Provenir.

“Point Predictive’s sophisticated, data-based automation and fraud risk mitigation solutions — combined with Provenir’s proven AI-powered decisioning platform — will help customers increase profitability while decreasing risk,” Hamilton went on to say.

Point Predictive director of partnerships Andrew Stamps added these perspectives.

“Point Predictive and Provenir’s solutions complement one another in numerous ways,” Stamps said. “Ultimately, this partnership helps lenders operate faster and with more agility, resulting in greater levels of efficiency and success.”