Sep 09, 2021
How credit unions are helping communities hit by Ida, wildfires
“When we are able to holistically integrate with a credit union or lender and help disburse loans as they are needed in real time, it will improve the lives of both the credit union and the members,” said Pankaj Jain, president of Scienaptic.
Sep 7, 2021
Capital C Corporation To Deploy Scienaptic’s AI-powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Capital C Corporation has selected its AI-powered platform, enabling Capital C Corporation, in tandem with its in-house proprietary scoring algorithms, to make stronger, faster credit decisions for SME and personal loans.
Sep 3, 2021
Numerica Credit Union anticipates reaching underbanked population with Scienaptic AI
Numerica Credit Union will use alternative credit scoring solution Scienaptic AI to automate credit risk assessment for its treasury services. The $3 billion Spokane Valley, Wash.-based credit union offers treasury management services, such as ACH, remote deposit capture, wires, and the anti-fraud cash management service Positive Pay, said Ryan Bernard, vice president of Commercial Credit...
Sep 1, 2021
The AI imperative
It’s just as important for small credit unions such as $125 million asset Northern Hills Federal Credit Union in Sturgis, S.D., to use artificial intelligence (AI) to boost lending as it is for their larger counterparts.
Aug 31, 2021
Gesa Credit Union Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI today announced that Gesa Credit Union has completed implementation and is now live on its platform. The deployment enables Gesa to make automated, AI-driven, smart credit decisions while enhancing credit access to members. Using Scienaptic's AI, Gesa automated approvals for more than 50% of auto loan applications, and the approval rate increased by up to 20%. Gesa expects a similar impact for their Visa Card program when it goes live on the platform next month.
Aug 30, 2021
Serving the Underserved: Avail Finance to Deploy Scienaptic's Decisioning Engine to Power Credit Decisions
Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Avail Finance has
chosen to implement the company's credit decisioning platform to enhance their credit decisioning for India’s
blue-collared workforce.
Aug 27, 2021
Credit Union Fall 2021 Magazine - Northern Hills Federal Credit Union uses AI to boost its loan portfolio, says CEO Floyd Rummel III.
“To stay competitive, exploring AI is imperative,” says CEO Floyd Rummel III. “Small credit unions have to get into AI because you need a strong loan-to-share ratio to survive today.”
Northern Hills Federal is working with Scienaptic Systems Inc. to introduce an automated loan decisioning tool. It aims to boost its loan-to-share ratio, which decreased from 78% to 68% during the pandemic.
The tool is projected to increase loan approvals 25% to 40%, based on a review of five years of Northern Hills Federal’s loan data. Rummel says that will make a significant difference to both the credit union’s 9,500 members and the bottom line.
Aug 27, 2021
Credit unions enlist fintechs to vie with commercial, challenger banks
The ongoing challenge for credit unions of how best to upgrade technology to compete with traditional banks and challenger banks is an internal conflict that many believe has an external resolution.
Developing new technology and integrating it into a credit union’s suite of services is a time-consuming and costly process. Many small institutions simply don’t have the economies of scale required to undergo a digital transformation and retrain staff.
Aug 25, 2021
Electronica Finance Ltd Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decisioning disruptor, Scienaptic announced that Electronica Finance Ltd (EFL) has completed implementation and is now live on its platform. The implementation will enable the company to make stronger credit decisioning through transformative technology powered by AI.
Aug 23, 2021
Cooperative Teachers Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Cooperative Teachers Credit Union (CTCU) has selected its AI-powered platform, enabling the credit union to make stronger, faster credit decisions and offer enhanced financial options for its members.
Aug 16, 2021
Right Direction Financial Services Chooses Scienaptic To Enhance Underwriting With AI-Powered Credit Decisioning
Scienaptic, a leading, global AI-powered credit decision platform provider, announced Right Direction Financial Services has selected its AI-powered platform. This deployment will allow Right Direction Financial Services to enhance its underwriting capabilities to reach and support more potential borrowers, while mitigating risk.
Aug 12, 2021
Banking AI in the Inland Northwest: New platform a starting point to automation of other services, systems
Two Inland Northwest credit unions are turning to artificial intelligence to make credit and loan decisions, a move representatives say will make the process more accurate and efficient, while opening up employees to more engagement with customers.
Aug 9, 2021
InRoads Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that InRoads Credit Union has chosen to implement the company’s AI-powered platform to enhance its credit decisioning and underwriting capabilities for new and prospective members.
Aug 4, 2021
Driving Minnesota: Drive Appeal to Deploy Scienaptic’s AI Platform to Enhance Credit Accessibility
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Drive Appeal has selected its AI-powered platform. The implementation will enable Drive Appeal to approve more loans and enhance the used car financing experience.
Aug 2, 2021
Credit Union of Colorado Chooses Scienaptic’s AI-Powered Platform to Deliver Better, Faster, More Personalized Credit Decisions
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Credit Union of Colorado has selected its AI-powered platform. The implementation will enable the credit union to make stronger, faster credit decisions and enhance financial options for its members.
Jul 26, 2021
Serving the Financially Underserved: Inditrade to Deploy Scienaptic's Decisioning Engine to Power SME Credit Decisions
Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Inditrade Capital has chosen to implement the company's credit decisioning platform and predictive risk scorecards to enhance their SME credit decisioning.
Jul 19, 2021
Numerica Credit Union Chooses Scienaptic to Empower AI Credit Decisioning Across Loan Products and Services
Leading global AI-powered credit decision platform provider, Scienaptic AI announced Numerica Credit Union has selected the company’s AI-powered platform to enhance its overall credit decisioning for several of its lending products and services, including consumer and commercial underwriting, CLI for credit cards, preapprovals, best credit product recommendations for members and credit risk assessment for the institution’s treasury services.
Jul 12, 2021
American Cycle Finance Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decision platform provider, Scienaptic, announced that American Cycle Finance (ACF) has successfully deployed its platform. The implementation empowers ACF to assist its partner motorcycle dealers in selling more vehicles to customers with limited or no credit history through sharper, AI-driven credit decisions.
Jul 07, 2021
AI geek Amit Soni joins Scienaptic as Head of Innovation
Scienaptic, the world's leading AI-powered credit decision platform provider, announced that it has appointed Amit Soni as Head of AI Innovation Lab. The innovation lab is a strategic initiative by Scienaptic to embed cutting-edge AI into client's credit decisioning process. Under Amit's guidance, the lab would advance Scienaptic's vision of empowering intelligent lending that rides on significant data and analytical complexity beneath.
Jul 06, 2021
Profectus Capital Chooses Scienaptic's AI Platform to Power SME Credit Decisioning
Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Profectus Capital has chosen to implement the company's credit decisioning platform and expert predictive risk scorecards to enhance their SME credit decisioning.
Jun 28, 2021
FTL Finance Goes Live with Scienaptic, Powering Sharper, AI-Driven Credit Decisioning for Contractors and Homeowners
Leading AI-powered credit decisioning disruptor, Scienaptic today announced that home improvement lender, FTL Finance has completed implementation and is now live on its platform. The implementation will enable the company to make better, stronger credit decisioning for its borrowers through next-generation, transformative technology powered by AI to support both contractors’ and homeowners’ financing needs for repairs and remodeling.
Jun 21, 2021
Scienaptic Partners with 700Credit to Combine the Power of AI and Credit Data for Automotive Industry
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced its partnership with 700Credit, the global leader in credit data for the automotive industry. This alliance will enable Scienaptic to tap 700Credit’s credit and compliance reports to enhance decisioning for its auto lending clients.
Jun 17, 2021
Scienaptic Joins the Symitar Vendor Integration Program
Scienaptic, leading AI-powered credit decisioning disruptor, today announced that it has joined the Symitar® Vendor Integration Program (VIP). Participation in the program will provide Scienaptic with access to Symitar’s technical resources to enable its AI-powered credit decisioning platform to integrate with Episys®. The Vendor Integration Program is designed to help ensure that Symitar’s customers can easily deploy third-party products.
Jun 14, 2021
Pelican State Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform
Scienaptic, a leading AI-powered credit decision platform provider, announced Pelican State Credit Union has chosen its platform to enable the financial institution to make faster credit decisions and support the financial goals of its members.
Jun 10, 2021
MCMC Auto Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform, Strengthening its Lending Portfolio
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced today MCMC Auto has deployed its solution, enabling MCMC Auto to expand its lending portfolio while making car financing options convenient and hassle free.
Jun 07, 2021
Heritage Financial Credit Union Taps Scienaptic to Optimize Stronger, AI-Powered Credit Decisions and Enhance Member Financial Well-Being
Leading global AI-powered credit decision platform provider, Scienaptic AI announced Heritage Financial Credit Union has chosen to implement the company’s AI-powered platform to enhance its credit decisioning and strengthen financial options for its members.
Jun 02, 2021
Northern Credit Union to Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced the deployment of its platform at Northern Credit Union. This deployment will enhance and augment Northern Credit Union’s credit decisioning and underwriting capabilities for new and prospective members.
May 24, 2021
Community 1st Credit Union Chooses Scienaptic for Quicker, Sharper AI-Powered Credit Decisioning
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Community 1st Credit Union has selected its AI-powered platform to enhance and augment its credit decisioning and underwriting capabilities for new and prospective members.
May 11, 2021
PEFCU to Go Live with Scienaptic, Powering Sharper, AI-Driven Credit Decisioning for Members
Leading AI-powered credit decisioning disruptor, Scienaptic, today announced the deployment of its platform at Publix Employees Federal Credit Union (PEFCU). The implementation will enable PEFCU to make better, faster credit decisions for its members and deliver the best value for lifelong relationships.
Apr. 12, 2021
American Cycle Finance Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Grow Second-Chance Motorcycle Loans Business
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced the deployment of its platform at American Cycle Finance (ACF). This implementation will enable ACF to use AI for making sharper credit decisions and assist automobile dealers in selling more vehicles to clients with limited or no credit history.
Mar. 29, 2021
MCMC Auto Chooses Scienaptic’s AI-Powered Credit Decisioning Platform to Improve All Facets of Their Underwriting Process and Financial Risk Management
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced the deployment of its platform at MCMC Auto. This deployment will allow MCMC Auto to expand their lending portfolio while making car financing options convenient and hassle free.
Mar. 22, 2021
Scienaptic Partners with Urjanet to Combine the Power of AI and Permissioned Alternative Data
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced its partnership with Urjanet, the global leader in utility account aggregation. This alliance will enable Scienaptic to tap Urjanet’s global telecom and utility data to enhance its credit decisioning platform with consumer-permissioned alternative spending data.
Mar. 01, 2021
SME data meets AI-powered credit decisions: Codat and Scienaptic AI partner
Scienaptic, the world’s leading AI-powered credit decision platform provider, announced today an alliance with Codat, a technology company that connects the internal systems of small businesses to financial institutions. This partnership will enable seamless integration of small business data into Scienaptic’s AI-powered credit decisioning platform. By combining predictive tools with access to data that provides a holistic financial profile of an SMB, the partnership will help financial institutions expand their loan portfolios through faster, better decision-making.
Feb. 16, 2021
Enhancing Lives With More Credit: Northern Hills Federal Credit Union Selects Scienaptic’s AI-powered Credit Decisioning Platform
Scienaptic AI, the world’s leading AI-powered credit decision platform provider, announced the deployment of its platform at Northern Hills Federal Credit Union. This deployment will enable Northern Hills FCU to use AI to make sharper credit decisions and assist members – especially the financially stressed ones during economic recovery and beyond.
Feb. 12, 2021
Changing lives with AI: Magma Housing Finance begins its AI journey on Scienaptic platform
Scienaptic AI, the world's leading AI-powered credit underwriting platform provider, announced the deployment of its AI predictive modelling platform at Magma Housing Finance. This kick-starts Magma Housing Finance vision to start using AI across the board to make sharper analytical decisions.
Feb. 08, 2021
Automobile Acceptance Corporation selects Scienaptic’s AI-powered credit decisioning platform to grow its auto loan business
Scienaptic AI, the world’s leading AI-powered credit decision platform provider, announced the deployment of its platform at Automobile Acceptance Corporation (AAC) based in Riverdale, Ga. This deployment will enable AAC to use AI to make sharper credit decisions and assist automobile dealers in selling more vehicles to clients with limited or no credit history.
Feb. 22, 2021
Scienaptic partners with Fujitsu Americas to help expand credit availability
Scienaptic announced today that it has entered into an agreement with Fujitsu Americas to enable easier access to Scienaptic's AI native credit decision platform in North America. Together, they will deliver leading-edge credit underwriting technologies to financial institutions looking to expand their portfolios or geographic footprint.
Jan. 28, 2021
Gesa Credit Union selects Scienaptic's AI-powered credit decisioning platform for sharper credit underwriting
Scienaptic AI, the world's leading AI-powered credit decisioning platform provider, announced the deployment of its platform at GESA Credit Union. This deployment will enable Gesa Credit Union to use AI for making sharper credit decisions and enhance credit access to members - especially the financially stressed ones during economic recovery & beyond.
Jan. 21, 2021
FTL Finance selects Scienaptic’s AI-powered credit decisioning platform to drive growth
Scienaptic, world’s leading AI-powered credit decisioning platform provider announced deployment of its platform at FTL Finance. This deployment will enable FTL to use AI for sharper credit decisions while supporting contractors and homeowners with much-needed credit for repairs and remodeling.
Jan. 07, 2021
Credo Capital Partners joins hands with Scienaptic for sharper credit assessment of financial assets
Scienaptic, the world's leading credit decisioning platform provider announced the deployment of its platform at Credo Capital Partners (Credo). This partnership will enable Credo to use advanced AI-powered technology for sharper credit assessment and better performance monitoring.
Dec. 11, 2020
AI and alternate data come together: Scienaptic partners with MicroBilt
Scienaptic announced today the formation of an alliance with MicroBilt that enables Scienaptic to seamlessly integrate alternative credit data into its credit decisioning platform. The partnership will enable financial institutions to combine cutting-edge alternative data and predictive tools that help them expand their loan portfolios.
Nov. 12, 2020
Empowering children's future: Varthana and Scienaptic partner to transform school loan access
Scienaptic, world's leading credit decisioning platform provider announced deployment of its platform at Varthana. This partnership will enable Varthana to use AI to make sharper credit decisions for schools that apply for business loans.
Oct. 22, 2020
Empowering SMEs with timely credit through alternative data driven underwriting
Scienaptic, one of the world's leading AI powered credit decisioning platform company, announced that it is deploying its credit decisioning platform for Electronica Finance Limited (EFL). Through this deployment, EFL can enable faster and easier access of credit to SMEs in line with its vision of "Creating success stories for businesses"
Oct. 15, 2020
Empowering safer credit origination: Scienaptic partners with SentiLink to combat fraud
Scienaptic, the world's leading credit decisioning platform, announced the formation of a platform integration partnership with SentiLink, the most innovative technology company specializing in synthetic fraud. This partnership enables enhanced fraud prevention capabilities for lenders using Scienaptic's credit decisioning platform.
Sep. 03, 2020
Empowering sharper credit decisions in the Philippines: Scienaptic partners with Teligent Systems
Scienaptic, one of the world’s leading AI powered credit decisioning platform company, announced the formation of a strategic alliance with Teligent Systems. This alliance would enable easier access of Scienaptic’s credit decisioning products to lending institutions based in the Philippines.
Mar. 31, 2020
Seasoned BD executive, Mark Dreux joins Scienaptic
Scienaptic, an AI powered credit decision platform, announced that Mark Dreux has joined as its Chief Growth & Strategy Officer. In this role, Mark will be responsible for formulating alliances with strategic partners and enhancing industry outreach.
Apr. 17, 2020
Seasoned CRO Eric Steinhoff joins Scienaptic
Scienaptic, an AI-powered credit decision platform, announced that Eric Steinhoff has joined as EVP of Client Impact. In this role, he will work closely with financial institutions to implement innovative solutions for enhancing competitiveness, increasing revenue, reducing credit losses, and improving the customer experience.
Feb. 20, 2020
Senior technology leader Rakesh Agrawal joins Scienaptic leadership
Scienaptic, an AI driven credit underwriting platform company, announced that Rakesh Agrawal has joined as its Senior Product and Technology leader. Rakesh will be responsible for enhancing Scienaptic's product capabilities and driving the next phase of product innovations.
Oct. 27, 2019
Money 2020 USA - AI in Credit: How to Recession-Proof Lending?
Moderator, CEO of Scienaptic Systems Mr. Pankaj Kulshreshtha shares the dias with panelists Sara Breyfogle, Ray Duggins, Agus Sudjianto to discuss on "AI in Credit: How to Recession-Proof Lending?" at Money2020 USA.
Oct. 25, 2019
Empowering ownership through alternative lending and AI: Kafene, Scienaptic partnership
Millions of Americans each year find themselves victims of debt traps as a consequence of making basic purchases like home furniture or appliances. Kafene has partnered with Scienaptic to ...
Sep. 15, 2019
Helping entrepreneurs achieve the American dream
For people around the world, and not just Americans, the American dream has long held the promise that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.”
Jul. 22, 2019
TVS Motor Singapore invests $7 million in Scienaptic Systems
TVS Motor Company Limited, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Limited, has signed a definitive agreement with New York-based Scienaptic Systems Inc to invest $7 million in the latter’s series-A funding.
Jan. 10, 2019
Alternative data meets explainable AI
Scienaptic announced today the formation of an alliance with LexisNexis® Risk Solutions that enables Scienaptic to integrate seamlessly alternative data and AI into its credit decisioning platform, Ether.
Aug. 17, 2018
Joydip Gupta joins scienaptic as India Operations Lead
Scienaptic, an AI driven credit underwriting platform provider, announced today that Joydip Gupta has joined its leadership team as its head of India operations.
July 19, 2018
Raghunandan, founder of TaxiForSure joins Scienaptic board
Raghu is the Founder and ex-CEO of TaxiForSure, a taxi-aggregator that revolutionized India's urban commute and was eventually acquired by Ola.
July 12, 2018
Seasoned risk leader Kevin Oden joins Scienaptic board
Kevin is a risk stalwart, with over 31 years of risk experience spanning across risk and compliance. His expertise also lies in managing second-line risk activities across information security, financial crime risk, model risk, operational risk, regulatory compliance risk, and technology risk.
Feb. 8, 2018
Scienaptic launches Next Gen 'Ether Underwrite' that transforms underwriting with AI
Scienaptic announced the launch of its Next Gen Credit Underwriting product 'Ether Underwrite' aimed at improving approval rates by 25-35% using AI in credit decisioning.
Oct. 24, 2017
Scienaptic wins "Emerging Analytics Product Startup of the Year" at Cypher 2017
Scienaptic, a Pramod Bhasin backed, Big Data and Machine Learning company has been awarded the "Emerging Analytics Product Startup of the Year" at Cypher 2017.
Jan. 25, 2017
Subbu Venkataramanan joins Scienaptic to steer its AI and deep learning innovation center
Subbu brings over 16 years of experience in combining Machine Learning algorithms with principles of Behavioral Sciences.
Jan. 17, 2017
Seasoned risk leader Ray Duggins joins Scienaptic board
Scienaptic, a platform-based new age analytics company announced that well known risk management stalwart, Ray Duggins joined its advisory board.
Dec. 7, 2016
Pankaj Jain, a high-caliber commercial leader joins Scienaptic
Scienaptic has appointed Pankaj Jain as Partner & President. Based in New York, Pankaj will lead client relationships, business development, marketing, and strategy.
Nov. 30, 2016
Scienaptic appoints Aditya Khandekar as Chief Analytics Officer
Scienaptic, one of the fastest growing platform play in big data analytics, announced today that it has appointed Aditya Khandekar as its Chief Analytics Officer.
Nov. 14, 2016
Scienaptic: A new age analytics platform backed by Pramod Bhasin
