Online bank alternatives are disrupting the banking industry, offering innovative financial products and services without having to manage the high overhead costs of physical locations. In order to stay competitive in this environment, banks must digitally transform their operations, mitigate new risks, such as synthetic fraud, and expand into the nearprime market.

Desired Outcomes

Expand profitably portfolio & market share Reduce operational costs Mitigate fraud losses


Enova Decisions enables banks to automate and optimize customer onboarding decisions, such as Know Your Customer (KYC), so that branch employees can focus on customer service. Leveraging our expertise in online nonprime underwriting, we augment first-party data with best-in-class fraud and alternative credit data to develop machine learning models to more accurately predict fraud and credit risk and create personalized offers that are compelling to customers yet mitigate risk.

EDC Smart Verification

Streamline identity, account and document verification.

EDC Smart Alerts

Identify fraud earlier in the customer journey.

EDC Smart Credit

Make more precise credit decisions.

EDC Smart Offers

Optimize offers to maximize profitability.