FTL Finance selects Scienaptic’s AI-powered credit decisioning platform to drive growth
Jan 20, 2021
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.
FTL Finance helps thousands of contractors grow their businesses while giving homeowners the resources they need to complete much-needed remodels and repairs — all without breaking the bank. FTL Finance handles the entire financing value chain — from estimates to pre-screens to approvals — so borrowers can solely focus on home improvement.
Through Scienaptic's platform, credit access to homeowners will be further streamlined. Pankaj Jain, President of Scienaptic says, "We are very excited to help FTL Finance customers who are in need of credit for repairs and home remodeling. Early results are very promising in terms of higher approval rates and credit lines, and we hope to continue to drive growth for FTL Finance using Scienaptic's AI-powered credit decisioning platform."
"We are very excited to deploy Scienaptic's credit decisioning platform. The unique use of AI for sharper credit assessment allows us to provide better consumer financing products to underserved markets. Scienaptic's AI at the core of our rapid response financing system will accelerate profitable portfolio growth while managing risk", added Todd Grzybinski, President of FTL Finance.
About FTL Finance
Since 1996, FTL Finance has specialized in financing for residential HVAC and other home improvement projects. Based in Missouri, FTL works with thousands of hardworking contractors across the country to grow their businesses and increase sales. Their mission to make home improvement easier on everyone is demonstrated in their dedicated support teams, robust digital tools, and programs to help homeowners with all types of credit. Learn more at FTLFINANCE.COM
Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning. Over 150 years of credit experience is embedded in Scienaptic's AI native credit decision platform. Our clients across banks, credit unions, fintech and other lenders use the platform to continually improve the quality of underwriting decisions. This enables them to say 'yes' to borrowers more often and faster.