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R.I.A Federal Credit Union Taps Scienaptic’s AI-Powered Credit Underwriting Platform

Incorporating AI into Strategic Roadmaps Of Credit Unions



Jul 9, 2024

Leading global AI-powered automated credit underwriting platform provider, Scienaptic AI, announced today that R.I.A. Federal Credit Union has chosen to implement its AI-powered credit underwriting platform. The credit union aims to streamline its loan underwriting process by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.

Headquartered in Bettendorf, Iowa, R.I.A. Federal Credit Union has been serving members of its community for 89 years. Today, the credit union stands as a full-service financial institution, offering a comprehensive range of financial services to meet the diverse needs of its members. With assets exceeding $611 million and a membership base surpassing 40,000, the credit union’s mission is to build long-lasting authentic relationships with its members by serving their unique financial needs.

“At R.I.A. Federal Credit Union, we are deeply committed to promoting financial wellness among all our members and within our communities,” said Kristel Stopoulos, Vice President of Consumer Lending at R.I.A. Federal Credit Union. “Implementing Scienaptic's platform will enable us to significantly enhance the member experience by approving loans faster and more frequently. The AI platform brings more data into decision-making processes, utilizes advanced algorithms, and supplements them with rigorous risk and fair lending monitoring processes. By leveraging these capabilities, we will empower our members, make better decisions, and foster long-lasting relationships built on trust and support.”

“Our mission is to provide the most advanced underwriting technology to institutions on the frontlines of lending within communities. That's what makes it so exciting to be working with R.I.A. Federal Credit Union to help bolster the credit options for its members,” said Pankaj Jain, Cofounder & President of Scienaptic. “Scienaptic's unique, adaptive AI technology will enable the credit union to say ‘yes’ to more members more often, increasing loan approvals without increasing risk while enhancing the member experience.”

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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