Partner Colorado Credit Union to deploy Scienaptic’s AI-powered credit underwriting platform
Deployment of the artificial intelligence (AI) platform will automate and streamline loan decisioning for the credit union
NEW YORK, NY (April 7, 2022) — Leading global credit decision platform provider Scienaptic AI announced today that Partner Colorado Credit Union has chosen its AI powered credit underwriting platform to automate their loan decisioning process for sharper and faster loan decisions.
Partner Colorado Credit Union was established in 1931 and was initially known as Denver Postal Credit Union. For over 90 years, Partner Colorado has safeguarded the financial well-being of its members. The credit union has grown in strength and now serves over 34,000 members and is $567 million in assets. Scienaptic’s AI-powered credit underwriting platform will allow Partner Colorado to reduce risks and increase loan approvals, which is a win-win for the credit union and its members.
“Partner Colorado is built on the values of responsiveness and resourcefulness – we continuously look for new ways to help our members achieve their dreams and improve their financial well-being,” said Choua Ly, Senior VP of Lending for Partner Colorado. “Scienaptic’s AI-powered credit underwriting platform will automate our loan decisioning, making it faster and more efficient. We have been serving the financial needs of generations of Coloradans and AI-based underwriting will take our member experience to the next level.”
Correspondingly, Pankaj Jain, President of Scienaptic AI, stated, “It is incredibly satisfying to play a role in a member’s journey towards realizing their dreams and through our partnership with Partner Colorado, we will be able to deliver on this mission by enabling advanced and faster loan decisioning. Our AI-powered credit underwriting platform can help increase credit access, elevate member experience, and reduce risk all at the same time.”
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
