Scienaptic Quarterly Update

October - December, 2021

AI native credit decision platform for consumer and SMB lenders

Reimagining lending in 2022

19 new clients in the last quarter and the traction continues..

We are revolutionizing credit decisioning technology and our intelligence first transformation agenda is gathering momentum. Most of our clients are looking to elevate their customer experience. Our AI helps that objective by automating credit decision process, understanding customers better and increasing loan approval rates by aligning right price / product to the customer profile.

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Our deployments are delivering big impact

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

Numerica Credit Union

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More Approvals

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Risk reduction

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Auto decisioning

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"Our partnership with Scienaptic is empowering us to make advanced and faster credit decisions especially at a time when the Spokane valley is growing at a rapid pace. Initial tests show potential for up to 27% more approvals, 20% risk reduction and 77% auto-decisioning. It strengthens our member relationships, supports their financial needs and enhances their experience."

Ken Plank
Chief Lending Officer at Numerica

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"Our company’s first loan was $500 to an immigrant mother, who had lost her job and wanted to start her Mexican food cart for her former co-workers. One cart became two and two carts became a restaurant. Scienaptic's AI-powered credit decisioning platform will empower us to say “yes” to many more borrowers like her."

Paul Quintero
CEO at Ascendus

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We are creating an
AI roadmap

​Gesa Credit Union started its journey with Scienaptic for auto loan underwriting and later expanded to a new portfolio.


"We are looking to integrate Scienaptic with all of our products and provide instant approvals to our members!"

Alicia Carlson
Consumer Lending, Gesa Credit Union

Network effect is transforming lending

We are seeing a surge in AI adoption across segments. Clients are ramping up decisioning volumes (sometimes by 300% in a few months) as they begin to realize the benefits. This network effect is enabling us to constantly improve the AI and the outcomes it drives.

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$2 billion+ 

credit decisions processed monthly

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applications processed monthly

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2 million+

credit union members supported

Impact of AI on lending - Client Perspective

Clients are becoming our brand advocates

Through client referrals, many deals are now closing within 30-45 day sales cycle.

1 deal signed in
7 days.

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Our marketing outreach with clients continues

Dec 9, 2021

Panel Discussion
AI for lending and beyond: New use cases, trends and adoption roadmap

Eric Steinhoff, Client Impact Scienaptic AI

Kathryn Bonesteel, VP of Partnerships Scienaptic AI
John San Filippo, Co-Founder Finopotamus
Kirk Drake, Founder CU 2.0 • Board member NACUSO
Daniel Estal, VP of Lending Northern CU
Michael Mehling, VP of Lending Heritage Financial CU
Solomon Semere, Senior Director LexisNexis

Sep 29, 2021

Panel Discussion
Bringing AI to Credit Unions

Eric Steinhoff, EVP Client Impact, Scienaptic AI
Kathryn Bonesteel, VP of Partnerships, Scienaptic AI
Floyd Rummel III, Chief Executive Officer, Northern Hills FCU 
Alicia Carlson, Credit Systems - Consumer Lending at Gesa CU
Daniel Estal, VP of Lending, Northern Credit Union
Mark Rowan, Chief Technology Officer, Credit Union of Colorado

Dec 23, 2021

Zero To 5000
Building Liberating Wealth: Pankaj Kulshreshtha, Scienaptic

Nov 04, 2021

Episode 66  |  Beyond bureau scores: Demystifying AI in credit

00:00 / 24:18

Oct 12, 2021

CU broadcast
How Credit Union Lenders Can Leverage AI for New Growth Opportunities...

00:00 / 21:22

Scienaptic in the news

Dec 14, 2021

Credit Union Times
Goal in the Dakotas: Make AI Attainable for All Credit Unions

The Dakota Credit Union Association has taken steps in a tech-forward approach for the 69 credit unions it serves in North and ...

Dec 7, 2021

The Voices of Money20/20: A Scienaptic AI Two-fer

For this installment, Scienaptic AI’s President Pankaj Jain and Client Success Executive Dakota Patsfield sat down ...

Nov 08, 2021

American Banker
How credit unions use AI to compete with fintech lenders

The $127 million-asset credit union in Sturgis, South Dakota, has partnered with the New York City-based Scienaptic to build an...

Oct 6, 2021

Bank Automation News
How to … Create a culture of artificial intelligence at credit unions

Leaders at four credit unions shared steps financial institutions (FIs) can take to create a “culture of artificial intelligence” ...


Sep 20, 2021

Bank Automation News
Credit unions eye automation, AI for digital auto refi

Credit unions are exploring the use of automation and artificial intelligence (AI) to streamline the refinancing process...


Sep 10, 2021

Auto Finance News
Gesa Credit Union adopts Scienaptic’s AI-powered credit-decisioning platform

Automated approval rates on indirect auto loans are up at Gesa Credit Union after the $4 billion financial institution last ...


Sep 09, 2021

American Banker
How credit unions are helping communities hit by Ida, wildfires


“When we are able to holistically integrate with a credit union or lender and help disburse loans as they are needed...


Sep 03, 2021

Bank Automation News
Numerica Credit Union anticipates reaching underbanked population with Scienaptic AI

Numerica Credit Union will use alternative credit scoring solution Scienaptic AI to automate credit risk  ...


Sep 01, 2021

The AI imperative

It’s just as important for small credit unions such as $125 million asset Northern Hills Federal Credit Union in Sturgis, S.D., to ...