Recession-Proof Credit Underwriting Using AI - A Credit Union Perspective
Author: Raabiya Singh The consecutive negative GDP growth rate in the US confirms that the country is now in a recession. It seems,...
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- Oct 31, 2022
- 3 min
BNPL Profitability from a Risk Perspective
Author: Joydip Gupta The future is digital. Whatever doubts surrounded this statement vanished with the pandemic. The pandemic has forced...
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- Sep 6, 2022
- 7 min
Reimagining Lending for the Next Generation using AI
Author: Prateek Samantaray A recent survey of borrowers across the USA revealed that only 47% of Gen Z respondents (age 15-24) in the USA...
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- Aug 31, 2022
- 7 min
AI: At the heart of Recession Proof Lending
Author: Prateek Samantaray No matter which news article you tune in to, the world is focused on a single rallying point: Recession. Often...
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- Jul 13, 2022
- 7 min
Getting your AI partner right : 11 questions to ask before choosing your AI lending partner
Stay ahead of the curve with the world’s leading adaptive, regulatory compliant AI-powered Credit Decisioning Platform AI in lending is...
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- Jun 28, 2022
- 6 min
Fair Lending: Using AI to democratize compliance
Author: VINAY BHASKAR In its most recent advisory, the CFPB addressed a critical question – “When creditors make credit decisions based...
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- Jun 1, 2022
- 7 min
Reimagining the Human Touch with AI: The practitioner's perspective
Author: Prateek Samantaray Organizations are working relentlessly to make the customer experience at every touchpoint of a transaction as...
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- May 19, 2022
- 4 min
5 questions every CLO must ask while evaluating underwriting tools
The credit union landscape: Time to shine again? May 18, 2022 by RAABIYA SINGH, SCIENAPTIC After a brief lull that saw credit union...
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- Apr 4, 2022
- 4 min
Customer experience is everything. Get it right for your lending process using AI
Author | Raabiya Singh One thing every industry will agree on today is - customer experience is everything. With companies like Netflix...
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- Mar 17, 2022
- 7 min
Driving Financial Wellbeing and Enhancing Member Lives through AI
Author: Raabiya Singh Scienaptic’s presence at CUNA GAC 2022 was hard to miss. The leading AI based credit underwriting platform provider...
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- Mar 15, 2022
- 4 min
AI-based Lending Decisions to Provide Enhanced Member Experience
Credit unions have long taken pride in building relationships that prioritize people over products, and that has set them apart from...
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- Feb 16, 2022
- 3 min
The AI imperative: Driving financial wellbeing and enhancing member lives
Only 9% of millennials say credit unions are their primary financial institution, compared with 74% of millennials who are customers of...
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- Dec 1, 2021
- 5 min
How credit unions are using AI to enhance lending
Author: Scienaptic Research Delivering exceptional member experiences and supporting their members is an ultimate goal for credit unions....
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- Aug 4, 2021
- 3 min
Hidden Gems
Author | Jim Kasch The more I talk about AI-driven underwriting, the more questions I entertain from credit union leaders. Among the most...
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- Jul 12, 2021
- 3 min
Is conservative approach to new technologies holding back Credit unions?
Author | Jim Kasch Credit union leaders, so by virtue, credit unions themselves, are conservative by nature. We prefer to measure three...
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- Apr 8, 2021
- 4 min
Credit Decisioning Post-COVID, And How AI Can Help
As COVID eases out in light of vaccinations, the societal and economic impact rages worldwide. Customer behavior has changed permanently...
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- Jan 28, 2021
- 4 min
Lending in 2021, how the year looks for the credit market
The Covid-19 pandemic and subsequent lockdowns brought dramatic changes to the global economy. The World Bank predicted that the global...
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- Sep 30, 2020
- 3 min
Uncertain Times and The Importance of using Flexible Rule Engines
Author | Scienaptic Research While demand for credit will probably grow, new challenges have emerged for lenders. As job losses and...
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- Aug 27, 2020
- 4 min
Reimagining auto loans: The opportunity ahead for credit unions
by Scienaptic Research Auto loans, especially those for used vehicles, make up a significant portion of the portfolio for credit unions -...
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- Jul 15, 2020
- 3 min
The Case for Using Borrowers’ Employment Data in Credit Underwriting
Scienaptic Research As part of the credit underwriting process, lenders usually verify borrowers’ income and employment status to ensure...
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- Jun 3, 2020
- 4 min
Credit Management and Account Treatment in a Post-COVID World
Author: Eric Steinhoff, Rakesh Lavi The impact of COVID-19 on the US and world economies has been deep and far-reaching, with economic...
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- Apr 23, 2020
- 3 min
What now?
Is it possible to originate safely in this environment? Author | Eric Steinhoff “If you’re not growing, you’re dying” – we’ve all heard a...
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- Apr 16, 2020
- 5 min
Credit Unions powered by AI can help their members weather the storm
Author: Scienaptic Research Many economists and researchers were warning us about the next recession to hit us by the mid-2020s. And...
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- Apr 16, 2020
- 4 min
How lenders can cope with COVID19 stress & avoid the worst case
Author: Pankaj Kulshreshtha In the run upto 2008, I had an interesting experience as CRO for a loans portfolio. While the stress and...
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