In News
Jun 23, 2022
OnTap Credit Union® to Deploy Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global AI-powered credit decision platform provider Scienaptic AI announced that On Tap Credit Union has chosen to implement Scienaptic’s AI-powered credit decisioning platform. This deployment will enable On Tap Credit Union to streamline and automate its credit underwriting process, increase approvals, and enhance the member experience.
Jun 20, 2022
Picatinny Federal Credit Union Taps Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global AI-powered credit decision platform provider Scienaptic AI announced that Picatinny Federal Credit Union has chosen to implement Scienaptic’s credit decisioning platform. This deployment will enable Picatinny Federal Credit Union to streamline and automate its credit underwriting process, increase approvals and enhance the member experience.
Jun 07, 2022
Heritage Financial Credit Union Goes Live With Scienaptic’s AI Platform to Strengthen Consumer Loan Portfolio
Leading global AI-powered credit decision platform provider Scienaptic AI announced that Heritage Financial Credit Union is now live on its platform. This deployment is enabling Heritage Financial to streamline and automate its credit underwriting process, increase approvals and enhance member experience.
May 27, 2022
AI-based risk modeling not a guarantee against recessionary impacts
The use of artificial intelligence-based risk modeling is far from foolproof in a recessionary environment. While advancements in machine learning (ML) capabilities and data integrations have dramatically increased the scale and complexity of AI-based risk modeling ...
May 24, 2022
Meridian Trust Federal Credit Union Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Meridian Trust Federal Credit Union is now live on its platform. The implementation will help the credit union strengthen its lending portfolio, make faster loan decisions and empower its member-community through greater access to credit.
May 10, 2022
SECU To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that SECU (State Employees’ Credit Union of Maryland) is planning to implement its AI-powered credit decisioning platform. The deployment, scheduled for later this year, will enhance and augment SECU’s credit decisioning and underwriting capabilities for new and prospective members.
May 09, 2022
Levo Credit Union Deploys Scienaptic’s AI-Powered Credit Decision Platform To Enhance Loan Approvals
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Levo Credit Union, a 30,000 member strong credit union serving the South Dakota region, is live on its platform. Scienaptic’s platform will allow Levo to increase approval rates, augment its credit decisioning process and improve member experience with faster processing and approval times.
May 04, 2022
Allied Solutions Partners with Scienaptic AI to Deliver Enhanced Credit Decisioning Platform
Allied Solutions, one of the largest providers of insurance, lending, risk management, and data enabled products to credit unions, has just launched a strategic collaboration with Scienaptic AI, leading AI-powered credit underwriting platform provider. The partnership will provide an enhanced, personalized loan decisioning platform that will enable credit unions to lend more, automate the lending processes and reduce lending risks.
Apr 27, 2022
Transactions: Banks make automation moves with Teslar, MOCA and Scienaptic AI
New Market Bank announced last week that it will deploy fintech Teslar Software for its lending process automation. The Elko New Market, Minn.-based bank will use Teslar’s portfolio management platform to streamline “visibility” between bank departments by lightening workloads and automating simple tasks without adding personnel or resources.
Apr 27, 2022
Ascendus Goes Live On Scienaptic’s Platform For AI-Powered Credit Underwriting To Strengthen SMB Lending
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that the deployment of its platform at Ascendus is now live. The implementation enhances Ascendus' credit decisioning and helps the lender make advanced loan decisions for small and medium-sized businesses.
Apr 26, 2022
Inditrade Goes Live With Scienaptic's AI-powered Credit Decisioning Platform
Leading global AI-powered credit decisioning platform provider Scienaptic AI announced today that Inditrade Capital, one of India’s fastest growing digitally enabled lending, insurance and rural marketing enterprise is live on its platform. The Scienaptic platform will also have Scienaptic’s industry-tested expert scorecards that accurately predict a customer’s risk on the basis of bureau, banking and financials information.
Apr 25, 2022
Innovations Federal Credit Union Deploys Scienaptic’s AI-Powered Platform to Transform Credit Decisioning
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Innovations Federal Credit Union has chosen its AI-powered underwriting platform to provide an enhanced lending experience. Scienaptic’s platform will enable the credit union to streamline its credit underwriting process and make faster loan decisions for its members.
Apr 26, 2022
Credit unions eagerly pursuing fintech partnerships
Credit unions are having to keep up with shifting consumer expectations, shaped by the latest offerings from digital challengers. Their previous technology priorities, such as mobile wallets and digital account openings, have become must-haves, forcing them to look to new services to remain competitive.
Apr 20, 2022
Southwest Louisiana Credit Union Deploys Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Southwest Louisiana Credit Union has selected its platform for automated and enhanced credit decisioning.
Apr 18, 2022
Profectus Capital Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Profectus Capital is now live on its platform. As a part of Phase-I implementation, Scienaptic has deployed its credit decisioning engine and industry-tested scorecards for Bureau data and Financial Statements to enhance small and medium business (SMB) loan decisions. Moving forward, Scienaptic will also use its AI technology to determine risk patterns in Profectus’ customer behavior and provide sharper predictive risk signals.
Apr 14, 2022
Forbes Technology Council: Frogs, Credit And AI: Let's Change The Story
The first loan by Ascendus was $500 to an immigrant mother, who had lost her job and wanted to start her Mexican food cart. One cart became two and two carts became a restaurant!
That is why story of credit must change to “every person gets credit”.
Read on this Forbes Technology Council article by Scienaptic AI CEO Pankaj Kulshreshtha.
Apr 12, 2022
GO Partners With Scienaptic AI To Revolutionize Automotive Screening For Millions
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that GO, a first-of-its-kind car subscription, has partnered with the company to provide enhanced and faster decisions to its customers. In partnering, GO looks to increase the availability of its offering using transformative technology in its screening and decisioning process.
Apr 11, 2022
Arkansas Federal Credit Union Taps Scienaptic’s AI-Powered Credit Decisioning Platform For Advanced Loan Decisioning
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Arkansas Federal Credit Union has chosen its AI-based underwriting technology to improve the credit union’s loan decisioning process and make advanced decisions for community members.
Apr 07, 2022
Partner Colorado Credit Union to Deploy Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global credit decision platform provider Scienaptic AI announced today that Partner Colorado Credit Union has chosen its AI powered credit underwriting platform to automate their loan decisioning process for sharper and faster loan decisions.
Mar 29, 2022
The Smarter Way to Drive Loan Increases
Smarter AI-powered decisions and automation have become critical elements in loan decisioning today, especially as traditional credit scores wane in importance, says one expert.
Mar 22, 2022
Scienaptic’s AI-Powered Credit Decisioning Platform Wins 2022 BIG Artificial Intelligence Excellence Award
Leading AI-powered credit decisioning disruptor, Scienaptic AI, announced its AI-based underwriting platform has been named a winner in the 2022 Artificial Intelligence Excellence Awards, presented by the Business Intelligence Group.
Mar 22, 2022
Scienaptic AI Bridges Credit Gap Through Its Credit Decisioning Platform
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that it has added DMI Finance as a client.
Mar 17, 2022
Scienaptic Wins 2022 FinTech Breakthrough Award for “Best Predictive Analytics Platform”
Leading AI-powered credit decisioning platform, Scienaptic AI, announced today that it was named “Best Predictive Analytics Platform” in the annual 2022 FinTech Breakthrough Awards. Now in its sixth year, this program recognizes the top companies and products in the financial services and technology industry.
Mar 14, 2022
Community Choice Credit Union To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Community Choice Credit Union has chosen its AI-based underwriting platform to provide enhanced and faster credit decisions for its members.
Mar 09, 2022
Forest Area Federal Credit Union Selects Scienaptic’s Platform For AI-Based Credit Underwriting
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Forest Area Federal Credit Union has selected its platform for faster credit decisioning.
Mar 07, 2022
Allegro™ Clients To Benefit From Enhanced Credit Decisioning With Scienaptic AI
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Utah-based Integrated Lending Technologies (ILT) has partnered with Scienaptic AI and chosen its platform to boost credit decisions for its clients.
Mar 01, 2022
NuMark Credit Union Selects Scienaptic’s Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that NuMark Credit Union has chosen its AI-based underwriting platform to provide enhanced and faster credit decisions to its members.
Feb 28, 2022
Bethpage Federal Credit Union teams with Scienaptic AI on loan tech
Bethpage Federal Credit Union in Bethpage, New York, is working with the financial technology firm Scienaptic AI to bolster its loan decisioning capabilities
Feb 28, 2022
Bethpage Federal Credit Union to Go Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Bethpage Federal Credit Union is planning to implement its AI-powered credit decisioning platform. This deployment will enable the credit union to make faster, smarter credit decisions to increase loan approvals and support the financial goals of its members.
Feb 23, 2022
Credit Unions Partner With FinTechs to Compete Like One
The digital transformation has made the financial landscape more crowded and competitive than ever before. Credit unions (CUs) face the dual challenge of finding ways to offer the latest digital banking tools to their members...
Feb 22, 2022
Avanse Financial Services Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decisioning disruptor, Scienaptic AI announced that Avanse Financial Services has completed implementation and is now live on its platform. The implementation will enable Avanse to automate its loan decisioning to offer seamless education financing to students.
Feb 21, 2022
U GRO Capital Goes Live on Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that U GRO Capital, an Indian listed MSME lending fintech company, is now live on its platform. This collaboration will facilitate better early warning signal mechanism for credit underwriting and enhance loan decisioning for the MSME sector in India.
Feb 16, 2022
Rocket Financial Inc. Selects Scienaptic's AI-Powered Platform For RocketBNK
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Rocket Financial Inc. has selected its platform to launch its new product RocketBNK.
Feb 14, 2022
Northern Credit Union Now Live on Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that deployment of its platform at Northern Credit Union is now live. This deployment will enhance and augment Northern Credit Union’s credit decisioning and underwriting capabilities for new and prospective members.
Feb 04, 2022
New Collaboration Brings AI to Michigan Credit Unions
Credit unions throughout Michigan now have access to an artificial intelligence-powered credit decisioning platform thanks to a partnership formed between the Michigan Credit Union League and Scienaptic AI, the MCUL revealed Wednesday.
Feb 02, 2022
Wing Bank Selects Scienaptic To Enhance Financial Access In Cambodia
Wing Bank to deploy Scienaptic’s AI-powered credit decisioning platform to use cutting-edge digital credit decisioning process to improve financial access in Cambodia
Jan 31, 2022
Making AI Attainable For All Michigan Credit Unions
Leading global AI-powered credit decision platform provider, Scienaptic AI announced an AI collaboration with the Michigan Credit Union League (MCUL). This alliance will enable the company to offer its AI-powered credit underwriting technology to credit unions throughout Michigan.
Jan 26, 2022
Texas Bay Credit Union Collaborates With Scienaptic To Leverage Its AI-Powered Platform For Enhanced Credit Decisioning
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Texas Bay Credit Union has chosen its credit decisioning platform. The collaboration will help the credit union to make stronger loan decisions and enhance member experience.
Jan 25, 2022
Minko Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decisioning disruptor, Scienaptic announced that Minko has completed a new implementation and is now live on its platform. This unique implementation will facilitate stronger credit decisions and help micro small and medium enterprises (MSMEs) gain easy access to credit for ultra-short durations ranging from seven to 30 days at the click of a button.
Jan 24, 2022
4Front Credit Union Chooses Scienaptic’s AI-Powered Platform For Advanced Credit Decisioning
Leading AI-powered credit decision platform provider, Scienaptic announced today that 4Front Credit Union has selected its AI-based underwriting platform to strengthen the credit union’s loan portfolio by making advanced loan decisions using artificial intelligence.
Jan 19, 2022
Altura Credit Union Taps Scienaptic's AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Altura Credit Union has collaborated with its platform for enhanced credit decisioning.
Jan 18, 2022
Credit Union Times: AI 'Enhancing' Credit Unions' Visions
CUs are using AI not to replace employees, but to give employees more time to meet one-on-one with members.
Jan 18, 2022
ZeroPay Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decisioning disruptor Scienaptic announced that ZeroPay is now live on its platform. The platform will enable ZeroPay to make very accurate credit decisions and limit assignment in the Buy Now, Pay Later (BNPL) segment.
Jan 13, 2022
Scienaptic Fully Integrates With CU*Answers For Deploying AI-Powered Credit Decisions
Leading AI-powered credit decisioning platform provider, Scienaptic AI announced its full integration with CU*Answers. The seamless integration of Scienpatic's AI-powered decisioning will provide new opportunities for CU*Answers credit union partners looking to expand credit access for their members.
Jan 12, 2022
Class Act Federal Credit Union To Deploy Scienaptic's AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Class Act Federal Credit Union has selected its AI-powered platform. The implementation will equip the credit union with enhanced underwriting capabilities to make stronger, faster credit decisions and strengthen financial options for its members.
Jan 11, 2022
Scienaptic’s AI-Powered Credit Decisioning Platform Wins 2022 BIG Innovation Award
Leading AI-powered credit decisioning disruptor, Scienaptic AI, today announced it has been named a winner in the 2022 BIG Innovation Awards, presented by the Business Intelligence Group.
Jan 11, 2022
Intrepid Credit Union Chooses Scienaptic's AI-Powered Platform For Advanced Credit Decisioning
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Mont.-based Intrepid Credit Union has chosen its platform to boost its credit decisions.
Jan 10, 2022
Advantage One Credit Union Selects Scienaptic’s AI-Powered Credit Underwriting Platform
Leading AI-powered credit decision platform provider, Scienaptic announced today that Advantage One Credit Union has chosen its AI-based underwriting platform to complement its lending process and make advanced loan decisions.
Jan 04, 2022
Modern age cards through modern age AI: Uni Cards to deploy Scienaptic’s AI-powered credit decisioning platform
Scienaptic AI, a leading global AI-powered credit decision platform provider, announced the deployment of its technology for Uni Cards. This implementation will enable Uni Cards to expand credit access in India by providing instant decisions to applicants and an efficient process that redefines the way credit is consumed in India.
Jan 04, 2022
Credit Union of Georgia Chooses Scienaptic for Enhanced AI-Powered Credit Decisioning
Scienaptic AI, a leading global AI-powered credit decisioning disruptor, announced that Credit Union of Georgia has selected its AI-powered platform, augmenting the credit union’s underwriting capabilities to make faster, stronger credit decisions, increasing loan approvals and enhancing members’ experiences.
Dec 23, 2021
Avail Finance Goes Live with Scienaptic's Decisioning Engine to Power Credit Decisions
Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Avail Finance has gone live on its credit decisioning platform. The implementation is helping Avail Finance to enhance its credit
decisioning for India’s blue-collared workforce.
Dec 21, 2021
Numerica Credit Union Goes Live With Scienaptic’s AI-Powered Credit Underwriting Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Numerica Credit Union is now live on its platform. The implementation will facilitate advanced and faster credit decisions for the credit union and enhance member experience.
Dec 20, 2021
Ascendus Selects Scienaptic’s Platform For AI-Powered Credit Underwriting To Strengthen SMB Lending
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Ascendus has chosen its AI-based underwriting platform to augment its lending process and make advanced loan decisions for small and medium sized businesses.
Dec 16, 2021
Centris Federal Credit Union to Deploy Scienaptic’s AI-Powered
Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Centris Federal Credit Union has selected its AI-powered platform. The implementation will equip the credit union with enhanced underwriting capabilities to make stronger, faster credit decisions and strengthen financial options for its members.
Dec 15, 2021
Jax Federal Credit Union Chooses Scienaptic’s AI-Powered Platform to Enhance Credit Decisioning and Member Experience
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Jax Federal Credit Union (JAXFCU) has selected its adaptive AI-powered platform to bolster the institution’s credit decisioning and enhance member experience.
Dec 14, 2021
Goal in the Dakotas: Make AI Attainable for All Credit Unions
The Dakota Credit Union Association has taken steps in a tech-forward approach for the 69 credit unions it serves in North and South Dakota. The approach: Create a technological alliance to provide an artificial intelligence platform to assist in credit underwriting for the more than 520,000 members in the states.
Dec 14, 2021
WyHy Federal Credit Union Chooses Scienaptic For Enhanced AI-Powered Credit Decisioning
Leading AI-powered credit decisioning disruptor, Scienaptic AI announced today that WyHy Federal Credit Union has selected its AI-powered credit decisioning platform. This implementation will enable the credit union to make stronger, faster loan approvals, reaching more potential borrowers, while minimizing risk and enhancing member experience.
Dec 13, 2021
Enhancing Lives with More Credit: Northern Hills Federal Credit Union Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
Scienaptic AI, the world’s leading AI-powered credit decision platform provider, announced that Northern Hills Federal Credit Union has completed deployment and is now live on its platform. This deployment is enabling Northern Hills FCU to use AI to make sharper credit decisions and assist members with more credit.
Dec 08, 2021
The Voices of Money20/20: A Scienaptic AI Two-fer
Finopotamus was onsite at Money20/20 USA in Las Vegas. Co-founder John San Filippo interviewed more than two dozen technology experts on a wide range of topics. The results of these interviews are presented in this series called “The Voices of Money20/20.”
Nov 30, 2021
Dakota Credit Union Association Collaborates with Leading AI-based Credit Decisioning Platform Provider Scienaptic AI
Scienaptic announced today a collaboration with the Dakota Credit Union Association (DakCU) enabling the company to offer its AI-based credit underwriting technology to credit unions throughout North and South Dakota.
Nov 17, 2021
Tower Federal Credit Union Deploys Scienaptic’s Platform for AI-Powered Credit Decisions
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Tower Federal Credit Union has selected its AI-powered platform. The implementation will equip the credit union with enhanced underwriting capabilities to make stronger, faster credit decisions and strengthen financial options for its members.
Nov 15, 2021
Automobile Acceptance Corporation Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
Scienaptic, a leading AI-powered credit decision platform provider, announced today Automobile Acceptance Corporation (AAC) has deployed its solution, positioning AAC to streamline its lending processes while helping dealers approve more loans to underserved buyers.
Nov 08, 2021
How credit unions use AI to compete with fintech lenders
Northern Hills Federal Credit Union is using artificial intelligence to help it approve more loans.
The $127 million-asset credit union in Sturgis, South Dakota, has partnered with the New York City-based Scienaptic to build an AI-derived loan decisioning tool that utilizes machine learning to vet applications that might have otherwise been delayed. This enables it to better compete with other lenders that emphasize quick decisioning.
Nov 08, 2021
Meridian Trust Federal Credit Union Deploys Scienaptic’s AI-Powered Credit Decisioning Platform
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Meridian Trust Federal Credit Union has selected its AI-powered platform, enabling the credit union to augment its underwriting capabilities to make faster credit decisions, increase loan approvals and support the financial goals of its members.
Nov 01, 2021
Levo Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Enhance Loan Approvals and Member Experience
Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan approval rates and enhancing member experience.
Oct 11, 2021
RV Depot to Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
Leading AI-powered credit decisioning disruptor, Scienaptic announced that RV Depot has selected their credit decisioning platform. This will enable the company to make stronger credit decisioning through transformative technology powered by AI.
Oct 06, 2021
How to … Create a culture of artificial intelligence at credit unions
Artificial intelligence (AI) isn’t always an option, even for small credit unions, the panel agreed. Mark Rowan, chief technology officer for $2.1 million Denver-based Credit Union of Colorado, pointed to the fact the four credit unions were participating in a webinar panel sponsored by fintech Scienaptic AI, which specializes in applying AI to credit decisioning.
Sep 20, 2021
Credit unions eye automation, AI for digital auto refi
Credit unions are exploring the use of automation and artificial intelligence (AI) to streamline the refinancing process as more consumers look to credit unions for refi products. Credit unions have recently prioritized implementing digital technology options to simplify the refi process for consumers, CU Direct Chief Revenue Officer Phil DuPree told Auto Finance News.
Sep 20, 2021
EFL's Emerging Enterprise Loans Now Live on Scienaptic's AI-Based CreditDecisioning Platform
Leading AI-powered credit decisioning disruptor, Scienaptic announced that they have completed deployment of their credit decisioning engine and risk model for the Micro LAP (loan against property) division of Electronica Finance Limited (EFL). This implementation will facilitate stronger credit decisions for small business owners and entrepreneurs seeking financing for business expansion.
Sep 10, 2021
Gesa Credit Union adopts Scienaptic’s AI-powered credit-decisioning platform
Automated approval rates on indirect auto loans are up at Gesa Credit Union after the $4 billion financial institution last month implemented fintech Scienaptic’s credit-decisioning technology, which is driven by artificial intelligence (AI).
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 07, 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 03, 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 01, 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 09, 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 04, 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 02, 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.
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.
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.
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.
Jul 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.
Jul 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 08, 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 07, 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.
