This week, FactorTrust finalized the integration of its database with risk analytics and decision solutions provider Provenir in an effort to offer Provenir’s clients exposure to a greater pool of creditworthy borrowers.

“Combining FactorTrust’s ability to accurately mine and score underbanked consumers with Provenir’s automated end-to-end risk analytics and decisioning platform provides lenders with an even quicker and more accurate and robust lending solution,” FactorTrust chief executive officer Greg Rable said.

FactorTrust’s real-time database of more than 200 million loan transactions is geared to provide finance companies with a holistic view of underbanked consumers’ creditworthiness and ability to repay loans. Though all institutions, including banks, benefit from FactorTrust’s data, it is especially valuable in the consumer lending, auto and rent-to-own industries.

“Our clients are frequently looking for reliable and accurate data sources as an alternative to traditional bureau, which integrate into the lending process simply,” said Paul Thomas, Provenir’s global head of sales and marketing. “By developing a relationship with FactorTrust, we’re providing a value-add for our clients which not only cuts down on the time associated with underwriting, but is also cost-efficient to implement.”