NEW YORK

16 Apr 2020

Scienaptic, an AI-powered credit decision platform, announced that Eric Steinhoff has joined as EVP of Client Impact. In this role, he will work closely with financial institutions to implement innovative solutions for enhancing competitiveness, increasing revenue, reducing credit losses, and improving the customer experience. 

In his 21 years of credit risk management experience, Eric has worked at tier-1 banks and start-ups alike. He has held leadership roles at CapitalOne, Standard Bank, ApplePie Capital, and ScaleFactor, leading their product strategies and credit policies for both domestic and international portfolios. 

Eric Steinhoff said, "I'm excited to be part of Scienaptic's journey aiming to bring artificial intelligence and machine learning capabilities to bank underwriting and decision making processes. I can't wait to introduce Scienaptic's platform to leaders within banks. I look forward to working with the team in fulfilling their vision". 

"Our biggest strength is to bring a high level of risk management knowledge to clients as they adopt the Scienaptic AI-powered credit decisioning platform. Eric has lived many years in roles similar to those of our clients. I know he will bring immense value to our clients. The post-COVID 19 world will require a sharper than ever focus on risk management. I am looking forward to partnering with Eric to create a positive impact in these difficult times," said Pankaj Kulshreshtha, Founder and CEO of Scienaptic. 

About Scienaptic Systems: 

Scienaptic is a world's leading AI-powered Credit Underwriting Decisioning platform company. Designed by seasoned CROs, its platform is creating industry leading business impact in terms of lifts such as higher approvals (15-40%) and lower credit losses (10-25%), all while providing full regulatory explainability. Scienaptic's clients include Fortune 100 banks, credit unions and Fintechs.