People Driven Credit Union Selects Scienaptic's AI Platform To Transform Credit Decisioning
Jan 5, 2023
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that People Driven Credit Union has chosen to implement its AI-powered underwriting platform. The credit union aims to enhance and automate its credit decisioning by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.
People Driven Credit Union is a member-owned, full-service financial institution helping members and their families with money management since 1928. PDCU was founded as Detroit Federal Employees Credit Union to serve as a primary field of membership of federal employees in the Detroit area and their families. The credit union now offers an array of affordable financial services to over 27,000 members in the community.
"People Driven Credit Union has served the Michigan community for 95 years, and we are committed to evolving with the times to serve the dynamic needs of our members," said Renee DeMarco, President and CEO at People Driven Credit Union. "Scienaptic's AI platform understands the needs of our unique member base and will enable us to make automated, personalized and instant decisions and improve access to credit for members in need. We are impressed to see the scope of the platform and how it can easily adapt to the needs of our growing credit union and of our members in a fair and compliant way."
Pankaj Jain, Cofounder and President of Scienaptic AI, said, "People are at the heart of everything we do and we are thrilled that People Driven Credit Union has chosen our AI-powered credit decisioning platform. Our platform will help the credit union streamline its loan decisioning process resulting in higher approvals, lower risk, and increased efficiency. We look forward to enhancing the credit experience and credit access for the community of Michigan."
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 200 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai.