BannerWebsite-01.jpg

Scienaptic Quarterly Update

AI native credit decision platform for consumer and SME lenders

9 new clients last quarter

We continue to win more and win faster

Our value proposition of enabling more 'yes' faster is resonating. We are also putting these lenders on cutting-edge tech roadmap, otherwise not possible for them to build internally.

 
dje (3).jpg
PEFCU-NoTagline2.png
Myc1cu.png
MyNCU-Grey.png
hfcu.png

Many deals now closing within 30-45 day sales cycle. 2 deals signed under 30 days.

60+ CXO level new leads generated each month. 

Our platform continues to gain the trust of our clients

Kevin Willborn, VP of consumer lending at Gesa Credit Union speaks about Scienaptic AI credit decisioning platform

Case Study

One of the largest Credit Union:
Wanted to improve automated underwriting & look-to-book.

Signed deal within
30 days

dje (3).jpg

Day 1

Meeting with
CEO & CLO

dje (3).jpg

Day 22

Spoke to our CU clients for reference

dje (3).jpg

Day 10

Detailed demo with tech and risk team

dje (3).jpg

Day 28

Contract completed. Deal signed

dje (3).jpg

Day 21

Integration
tests 

Our deployments are delivering big impact

In each of our deployments, clients have experienced significant business impact through better AI-powered decisioning and automation. 

In these implementations, we are gaining integration experience with leading LOS providers through our partnerships (e.g., Magiloop for MCMC Auto, Temenos for GESA, Succeed for ACF). 

Leading Credit Union

dje (3).jpg

70MM

Incremental 
loans

dje (3).jpg

100%

Automated 
decisions

dje (3).jpg

50%

Reduction
in losses

E-Wallet provider 

dje (3).jpg

Launched their lending product on our platform

dje (3).jpg

Used rich member data with adaptive AI scores from day 1

dje (3).jpg

Pre-approved
400K
customers

dje (3).jpg
american-cycle-finance-clipart.png

In one portfolio we are seeing 2X incremental approvals without any increase in risk. As we continue to use Scienaptic’s platform, we look forward to increased approvals and faster decisioning cycles for our customers.”

Ben Donnarumma
President of American Cycle Finance

On track for robust, sustained growth

As a sticky product in the core of lending, we have many levers to grow with new and existing clients. 31 out of 34 clients are on a 3-year contract.

dje (3).jpg

221%

growth in MRR for trailing
12 months

dje (3).jpg

91%

growth in net new ARR booked in Q1 compared to Q1 of last year

dje (3).jpg

A Credit
Union

In process of evaluating our platform for pre-qualifying potential customers for loans

Marketplace
for SMBs

Evaluating additional scorecards based on SMS and GST data

SMB
Lender

Additional decisioning engine license for their emerging enterprise loan business

Expansion with existing clients

3 webinars and 3 podcasts with
clients and industry leaders

May 20, 2021

Panel Discussion
AI for credit decisions:
A CRO perspective on accelerating growth and improving borrower experience

Speakers:
Pankaj Kulshreshtha, Scienaptic AI CEO
Jim Kasch, CU expert  & Former CEO, DEFCU
Eric Steinhoff, EVP Client Impact

April 15, 2021

Webinar
SMB lending using AI:
An opportunity within the chaos

Speakers:
Vinay Bhaskar, GM, Risk Solutions
Kirill Skok, Client Engagement Leader

April 9, 2021

Fireside Chat
Embedding AI across the loan life cycle - a CEO perspective on accelerating growth and improving customer experience

Speakers:
Manish Jaiswal, CEO & MD,
Magma Housing Finance
Pankaj Kulshreshtha, Scienaptic AI CEO

June 3, 2021

CU broadcast
How AI can create better credit decisioning for Credit Unions...

00:00 / 14:56

April 14, 2021

The CU2.0 Podcast
Episode 140  |  AI at Gesa Credit Union

00:00 / 28:44

April 7, 2021

LendIt Podcast
AI-driven credit underwriting

00:00 / 51:51
dje (3).jpg

​The innovation lab is a strategic initiative by Scienaptic to embed cutting-edge AI into client's credit decisioning process. Under Amit's guidance, the lab would advance Scienaptic's vision of empowering intelligent lending that rides on significant data and analytical complexity beneath.

Amit brings over 21 years of experience in implementing AI and ML solutions for risk management. His passion for AI saw him take up a variety of analytical roles and even build an Analytics Centre of Excellence from scratch. Prior to joining Scienaptic, he was leading the Business Intelligence Unit for Piramal Retail Finance. Before Piramal group, he has had a 15-year long stint with American Express where he was heading Global Credit Risk Decision Sciences group.

Seasoned credit AI leader Amit Soni joins Scienaptic as head of innovation