Resource One Credit Union To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform
Deployment aimed to automate loan decisioning and expand credit access
Dec 22, 2022
Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Resource One Credit Union has chosen its AI-based underwriting platform to automate and streamline its credit decisioning and expand its member base.
Resource One Credit Union serves over 60,000 members throughout Dallas and Northwest Harris Counties with more than $700 million in assets. It offers better-than-bank rates, allowing members to save more and earn more. As a credit union, its focus is to provide members with a new choice in banking by focusing on their needs and future success. Resource One provides members with top-notch online banking, an award-winning mobile banking app, and free personal financial management, budgeting, and debt management tools.
“We like to help people in every way - from a member’s first loan to the energy and enthusiasm, we bring to each and every member we serve,” said Doug Bedner, Chief Lending Officer at Resource One Credit Union. “Scienaptic’s AI platform will enable us to identify opportunities to help our members and delight and surprise them. The platform will automate and streamline our decisioning, remove bottlenecks, increase credit approvals, and empower our underwriters to focus more on complex loans”.
Pankaj Jain, Cofounder and President of Scienaptic AI, said, “We are excited that Resource One Credit Union has selected our AI-powered credit decisioning platform. Our platform will help them streamline their loan decisioning process resulting in higher approvals, lower risk, and increased efficiency. The platform will enhance credit experience and credit access for the members of Resource One Credit Union.”
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.