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Credit Union of Colorado chooses Scienaptic’s AI-powered platform to deliver better, faster, more personalized credit decisions

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Credit Union of Colorado has selected its AI-powered platform. The implementation will enable the credit union to make stronger, faster credit decisions and enhance financial options for its members.

Founded in 1934, Credit Union of Colorado was initially established to support state employees. With over 80 years of experience, the credit union has since expanded to serve more than 140,000 members and specializes in providing personalized products and services, including auto loans, home equity lines of credit and credit cards. Through Scienaptic’s AI-enabled credit underwriting platform, credit access for the credit union’s members will be further enhanced.

“We are excited to deploy Scienaptic's AI-powered platform to bring instant, better and more personalized credit decisions to our members,” said Chad Wilcox, senior vice president of Lending at Credit Union of Colorado. “The use of Scienaptic’s AI will help us provide better loan decisions for every single member we serve. We can provide enhanced access to credit to our valuable members while also creating opportunities to reach potential members, all without increasing risk.”

“We are pleased to partner with Credit Union of Colorado to enhance the institution’s credit decisioning and availability for its members,” said Pankaj Jain, president of Scienaptic. “Scienaptic’s powerful, adaptive AI will equip the credit union to create more approvals faster, strengthen member relationships and drive an unparalleled member experience.”

Scienaptic AI

Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say “yes” more often without increasing risk. ...

In September 2024, Scienaptic’s Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic’s deep commitment to the core principle of "people helping people."

The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic’s credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years.

For more information, visit www.scienaptic.ai.

Contact

Chandan Pal
Chief Marketing Officer
chandan@scienaptic.com
Scienaptic AI

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