NuMark Credit Union selects Scienaptic’s credit decisioning platform
Platform deployment aims to significantly improve ‘look-to-book’ and automated decisions
NEW YORK, NY (March 1, 2022) — Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that NuMark Credit Union has chosen its AI-based underwriting platform to provide enhanced and faster credit decisions to its members.
NuMark Credit Union has a long history of treating its members like family, and they diligently follow their philosophy of “people helping people.” The credit union believes in enriching the financial lives of its members. NuMark Credit Union serves more than 50,000 members from nine branches. By using Scienaptic’s AI-powered loan decisioning platform, the credit union looks to enhance its member experience with faster lending decisions to help members finance their dreams and do more with their money.
“At NuMark CU, we have multi-generational clients and members who have had accounts with us for more than three decades, and this trust is our biggest asset,” said Steve Clark, Chief Lending Officer of NuMark Credit Union. “With Scienaptic’s AI-powered credit underwriting platform, we will be able to better serve members who we consider to be an extension of our family. The AI platform will enable us to maintain a deep commitment to member relationships while improving member financial lives through smarter, more personalized credit decisions.”
“We are incredibly delighted to announce that we will be partnering with NuMark Credit Union. Our AI-powered credit underwriting platform will help unlock millions of dreams through better access to credit,” said Pankaj Jain, President of Scienaptic. “NuMark will be able to make personalized credit decisions for its members, approving more loans while minimizing risk.”
About Scienaptic AI
Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai