Credit Union of Georgia Goes Live on Scienaptic’s AI-Powered Credit Decisioning Platform
Scienaptic to drive faster and higher approvals, along with expanded auto-decisioning
Apr 25, 2023
Leading global AI-powered credit decision platform provider Scienaptic AI announced that Credit Union of Georgia is now live on its AI-powered platform. By integrating the AI platform with Credit Union of Georgia's Loan Origination System (LOS), MeridianLink Consumer, the credit union can now make faster and more comprehensive credit decisions. This has resulted in an increased number of loan approvals and a significant enhancement of the overall member experience.
Originally founded to serve the financial needs of the faculty, staff, and students in the local school systems of Northwest Georgia, Credit Union of Georgia has been a part of the community since 1960, serving members in Bartow, Cherokee, Cobb, Dawson, Douglas, Fannin, Forsyth, Fulton, Gilmer, Lumpkin, Paulding, Pickens and Union Counties. The state-chartered credit union provides its members with a wide array of financial products and services, focusing on offering value, convenience and an exceptional member experience. The deployment of Scienaptic's AI platform enables the credit union to offer enhanced credit decisioning and credit availability for both current and potential members.
"Our mission at Credit Union of Georgia is to support our local communities by offering financial solutions and guidance that cater to their unique needs at every stage of life," said Jason Walker, Chief Lending Officer for Credit Union of Georgia. "The integration of fair and compliant AI presents an enormous opportunity for us to better serve our underserved community by delivering faster, more personalized loan decisions. Through initial tests, we have confirmed the effectiveness of our automated credit decisioning system, resulting in more approved loans and financially empowering experiences for all of our members, every time."
"At Scienaptic AI, we're thrilled to see the positive impact that our credit decisioning technology is having on the financial lives of Credit Union of Georgia's members," said Pankaj Jain, President and Co-Founder of Scienaptic AI. "It's an honor to support a credit union that is so dedicated to serving its community and providing access to financial solutions that truly make a difference. Our platform is designed to help credit unions like Credit Union of Georgia strengthen their decision-making infrastructure, resulting in faster loan approvals and increased credit access for their community. We're proud to have partnered with Credit Union of Georgia on this deployment and look forward to continuing to support their mission of empowering their members through innovative and impactful solutions."
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 http://www.scienaptic.ai.