Seasoned risk leader Kevin Oden joins Scienaptic board
Jul 11, 2018
Scienaptic, an AI driven credit underwriting platform provider, announced today that Kevin Oden has joined its advisory board.
Kevin is a risk stalwart, with over 31 years of risk experience spanning across risk and compliance. His expertise also lies in managing second-line risk activities across information security, financial crime risk, model risk, operational risk, regulatory compliance risk, and technology risk. He will support Scienaptic in designing its future ready risk management platforms. Additionally, Kevin would also help drive adoption of Scienaptic Underwrite platform.
"It is a privilege to have the benefit of Kevin's experience and wisdom at Scienaptic. As we scale our journey to drive credit to wider sections of society using big data and AI, his financial services experience will be very valuable" said Pankaj Kulshreshtha, CEO of Scienaptic.
"I am delighted to serve on the board of Scienaptic which I believe is paving the way for the future of not just underwriting, but other areas of banking begging for increased efficiency. I feel highly energized with their vision and leadership calibre and I look forward to working with the team to deliver on their compelling vision" added Kevin.
In the last few months Scienaptic has been expanding aggressively with large investments in key areas of product development and downstream credit processes. With the inclusion of Kevin, this growth will only further accelerate and gain momentum in the coming years.
Scienaptic is an AI driven Credit Underwriting platform company. Its platform, Ether Underwrite is creating industry leading improvements such as higher application approvals (8-15%) and lower credit losses (10-25%) with all the regulatory explainability (model explainability, FCRA compliant adverse action reasoning and SR 11-7 compliance) vis-à-vis competition. Scienaptic uses regulatory compliant alternate data, raw trade line level bureau data and AI to help banks find newer segments of customers.