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Arkansas Federal CU Goes Live With Scienaptic’s Platform To Automate Credit Decisioning

Initial tests indicate 50%+ automation achievable immediately

Incorporating AI into Strategic Roadmaps Of Credit Unions



Apr 4, 2023

Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Arkansas Federal Credit Union is now live on its AI-powered underwriting platform. As part of the deployment, Scienaptic’s AI platform was integrated with Arkansas Federal Credit Union’s Loan Origination System (LOS), MeridianLink Consumer, resulting in streamlined lending operations and AI-enabled decisions with greater speed and accuracy.

Arkansas Federal Credit Union, which has been serving Arkansans since 1956, provides a full suite of financial products and services to more than 140,000 members. As a member-owned credit union, Arkansas Federal’s purpose is to make a difference in the lives of its employees, members and the communities it serves. The deployment of Scienaptic's platform is enabling Arkansas Federal to increase automation and make faster decisions and enhancing both credit access and credit experience for their member community.

"At Arkansas Federal our purpose is to be the guiding light for our members on their financial journey and offering unwavering support every step of the way,” said Terry Vick, Executive Vice President and Chief Lending Officer at Arkansas Federal CU. “We are deeply committed to helping them turn their dreams into reality, and with Scienaptic's cutting-edge platform, we are lending deeper and making credit decisions that benefit even our most underserved members. AI is not just revolutionizing our lending operations, but enabling us to offer fair rates, faster turnaround times, personalized decisions, and an exceptional credit experience for more than 140,000 members we serve.”

“Arkansas Federal Credit Union and Scienaptic share a common vision i.e. to help members succeed in every aspect of their financial journey,” said Pankaj Jain, Cofounder & President of Scienaptic. “We are elated that Arkansas Federal is live on our platform and leveraging our industry-leading technology to increase credit approvals, minimize risk and helping the underserved get access to the credit they need and deserve. We are honored to be part of Arkansas Federal’s journey, helping to bring new growth opportunities and financial empowerment to the people of Arkansas.”

About Scienaptic AI

Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit

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