LendIt Podcast

AI-Driven Credit Underwriting

April 7, 2021

LendIt PodCast - AI-Driven Credit UnderwritingLendIt Podcast
00:00 / 51:51


Peter Renton, Co-founder & chairman of LendIt Fintech talks with Pankaj Kulshreshtha CEO of Scienptic AI on Scienaptic’s AI driven credit underwriting solution for Lending Institutions.


In this podcast, they discuss on AI-driven credit underwriting has gone from a curiosity to a must-have in the last five years. Lenders of all sizes aspire to use AI-powered credit decisions to approve more borrowers. Why? Because It is simply better. Lenders get better decisions instantly, can approve more borrowers with confidence and can price loans more accurately.

  • Demystifying AI in credit, what it actually means.

  • How smaller banks and credit unions are incorporating AI-powered credit decisions?

  • What is involved in implementing AI-powered models?

  • How will this impact the borrower experience?

  • Why AI-based underwriting is the way of the future?

The CU2.0 Podcast

CU 2.0 Podcast Episode 140  |  AI at Gesa Credit Union

CU 2.0 Podcast Episode 140  |  AI at Gesa Credit UnionThe CU2.0 Podcast
00:00 / 28:44


There are two guests on the podcast - Eric Steinhoff, a Scienaptic executive vice president, and Kevin Willborn, vice president of consumer lending at $3.3 billion Gesa Credit Union.

Essentially you will hear that Scienaptic's tools are a way to speed up loan decisioning and also to make the decisions very possibly better. It's hard not to like better and faster.

Willborn also tells what loans he plans to run through Scienaptic - lots of different kinds.

This is a tight podcast but in it you will hear how Scienaptic in fact creates better tools for smarter underwriting. It's a short course in the secret sauce of an AI engine.

At Gesa, meantime, the determination is to up its lending game and that is why Willborn took a look at new tools for smarter processing. When he heard the Scienaptic presentation he knew he had found the vendor for Gesa.

CU broadcast

Why Northern Hills FCU Employing AI-Powered Credit Decisioning Platform

March 7, 2021

Why Northern Hills FCU Employing AI-Powered Credit Decisioning PlatformCU broadcast
00:00 / 15:05


Eric Steinhoff, EVP Client Impact at Scienaptic, and Floyd Rummel, Chief Executive Officer at Northern Hills Federal Credit Union, shared how Northern Hills FCU will leverage Scienaptic’s AI-powered credit decisioning platform to better manage external and internal limitations in today's current environment. 

Eric and Floyd also addressed why jumping on the AI bandwagon is now a solution. Credit unions must ensure that they adapt AI to their specific portfolio and business needs.

In addition, they talked about the future roadmap and how does one navigate potential issues like talent shortage, fair lending, bias, etc.?

The fascinating discussion here -- especially if AI-focused solutions are on your credit union's radar. Check it out and let us know your thoughts.