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Intrepid Credit Union Goes Live on Scienaptic’s AI-Powered Credit Decisioning Platform

Initial tests indicate 30-50% more loan auto approvals, 10%+ increase in credit approvals and up to 25% reduction in expected default rates

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Incorporating AI into Strategic Roadmaps Of Credit Unions

Source:

NEW YORK

Oct 16, 2022

Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Intrepid Credit Union is now live on its AI-powered platform. Integrating the AI platform with Intrepid Credit Union’s Loan Origination System (LOS), MeridianLink Consumer, and going live enables the credit union to streamline and automate its credit underwriting process, increase approvals and enhance the member experience.

Established in 1936 as Helena U.S. Employees Federal Credit Union, Intrepid Credit Union has multiplied its member base over the decades, becoming a notable and reliable name in the community of Helena and Bozeman. Scienaptic’s credit decisioning platform enables the credit union to tap into untapped credit opportunities, increase loan accessibility and transform the member experience.

“We believe in delivering prompt, consistent, and positive experiences for our members,” said Greg Strizich, CEO of Intrepid Credit Union. “Deploying Scienaptic's AI platform makes it easier for us to make faster and more personalized loan decisions that our members deserve. We are excited that initial tests show a significant gain in automation and approvals. The platform simplifies and streamlines our underwriting process, allowing us to operate more efficiently while increasing credit access in our community."

“We are thrilled that Intrepid Credit Union is now live on our platform and using AI to automate their loan decisions and provide access to necessary financial assistance to its members,” said Pankaj Jain, President of Scienaptic AI. “Our platform is highly intuitive and helps the credit union transform credit decisioning, serve the underserved and minimize risk simultaneously.”


About Scienaptic AI

Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Whether credit union, auto lender, bank, or fintech, Scienaptic's AI native credit decisioning platform enables lenders to constantly improve the quality and speed of their underwriting decisions, helping them reach a greater number of borrowers, including underbanked and underserved individuals, and say “yes” more often, without increasing risk while addressing all Regulatory aspects especially Fair lending and explainable adverse actions.

For more information, visit http://www.scienaptic.ai

Media Contacts

Chandan Pal

Chief Marketing Officer

Scienaptic AI

chandan@scienaptic.com

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