FinovateFall 2018 / Enova Decisions

Presenter Profile:

How they describe themselves: Actionable analytics is the backbone of NYSE-listed Enova International, a global online lending company. In the past 14 years, the analytics team has applied predictive and prescriptive analytics to fraud detection, credit risk management, and customer retention and built the Colossus™ Digital Decisioning Platform to automate and optimize many of Enova’s operational decisions. As a result, Enova has extended over $20 billion in credit to over 5 million customers worldwide. Enova Decisions was launched in 2016 to help businesses in financial services, insurance, healthcare, telecommunications, and higher education achieve similar outcomes by leveraging the same analytics expertise and decisioning technology.

How they describe their product/innovation: Solution accelerators are pre-configured decision flows which contain pre-trained models built on top of industry data and business rules based on industry best practices that we developed with ID Analytics. They accelerate digital decisioning and address the “cold start” problem in algorithmic decision-making. Solutions include: Subprime Unsecured Loan Approval, Subprime Credit Card Loan Approval, Customer Application Fraud & ID Verification, Application Fraud Detection, and Subprime Telecom Optimal Offer. Our new graphical user interface, which we will be demoing, enables clients to modify existing decision flows, author new ones, and deploy them.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms


Bus. Dev.: Garry Weiss, Business Development Executive,
Press: Kaitlin Lowey, Public Relations Senior Associate,

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