What our clients say about AI in Credit Decisions

The deployment of Scienaptic’s AI-powered credit decision platform, is enabling us to provide a more personalized experience for our members and provide them with faster and increased access to loans. Their AI-powered technology’s advanced insights will assist us in providing more loans and increase growth opportunities for our communities.

The deployment of Scienaptic’s AI-based platform is helping us provide quick access to credit, make advanced decisions in reduced time and provide our members with customized financial solutions. As indicated by early results, an over 50% increase in auto approvals for auto loans will help us have many more proud vehicle owners in our community.

We believe in the philosophy of giving back, and Scienaptic’s AI platform deployment is another step towards understanding our members better and in a smarter way, approving their loans faster, and enabling them to flourish financially.

Scienaptic's AI-powered credit decisioning platform updated our existing credit risk algorithm to reduce the emphasis on personal credit, while ensuring the portfolio quality we desired. Even more, Scienaptic’s platform is expected to help us approve up to 30% more SMBs than before, which means more capital for more small business owners.

For 38 years, we have provided assistance to those who are living on the fringes of the community and provide a wholesome financial experience to our members. Our partnership with Scienaptic AI’s credit underwriting platform will help us create a more inclusive and efficient lending process and allow us to approve more loans and provide credit assistance to a wider category of people.

Northern is blessed to have partnered with a forward-thinking organization whose mission, vision and culture, uniquely aligns with ours. Working with Scienaptic has been effortless, educational and a whole lot of fun! Our collaborative success will be premised on this foundational advantage. We are excitedly eager to release our pent-up excitement for the profound impact this platform will surely have on the financial well-being of our members and organization.

At Numerica Credit Union, our mission is to enhance lives, fulfill dreams and build communities. Our partnership with Scienaptic is empowering us to make advanced and faster credit decisions especially at a time when the Spokane valley is growing at a rapid pace. Initial tests show potential for up to 27% more approvals, 20% risk reduction and 77% auto-decisioning. It strengthens our member relationships, supports their financial needs and enhances their experience.

In today’s digital world, members do not wish to fill out applications and wait a day or two to find out whether or not they've been approved or not. Going live with Scienaptic’s AI gives us the ability to provide instant and better credit decisions for every single member we serve.

As a member-owned, cooperative organization, we are committed to meeting our members’ diverse financial needs by offering the best value, member experience and innovative solutions. Partnering with Scienaptic reinforces this commitment by ensuring our members are provided with industry-leading underwriting capabilities and enhanced access to credit, further strengthening their financial wellbeing.