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Scienaptic AI integrates with CRIF Select to provide lending access and ease

LANSING, MICH (March 25, 2024) — Scienaptic AI, a global AI-powered credit underwriting platform provider, announced its integration with CRIF Select, a provider of indirect lending solutions.

The Michigan Credit Union League (MCUL) began a partnership with Scienaptic AI in 2021 in an effort to help credit unions throughout Michigan have access to an artificial intelligence-powered credit decisioning platform. MCUL partnered with CRIF Select in 2022 to provide credit unions with access to its loan-growth programs, which span across conventional loan growth, footprint expansion and efficiency-based growth.

The integration of Scienaptic AI with CRIF Select allows users of CRIF Select to seamlessly access Scienaptic’s advanced AI-powered signals for underwriting.

“The Michigan Credit Union League is excited to see two of our Michigan partners working together to make their platform even stronger,” said MCUL President/CEO Patty Corkery. “Together, Scienaptic AI and CRIF Select will help credit unions reach more of our state’s underbanked and underserved citizens without increasing their risk.”

CRIF Select’s indirect lending programs connect credit unions to dealerships for auto, RV, motorcycle, boat, tractor and leases, making the process easy for users.

“We are excited about our strategic integration with Scienaptic AI. The integration of our solution is an opportunity to bring AI-powered credit signals to our clients,” said CRIF Select President Jeremy Engbrecht. “We love how AI is transforming the lending landscape. This integration enables our clients to integrate AI seamlessly into their lending processes, promoting intelligent, automated decision-making and expanding access to credit.”

Scienaptic AI Co-Founder/President Pankaj Jain said, “Scienaptic AI remains committed to expanding financial inclusion and improving the member experience using AI. We’re thrilled to partner with CRIF Select to eliminate integration barriers hindering lenders’ adoption of AI. This partnership will make AI technology more accessible, empowering lenders to make faster, smarter loan decisions, increase credit access, and approve more members.”

About Michigan Credit Union League (MCUL)

The Michigan Credit Union League (MCUL) is headquartered in Lansing, Michigan. The 187 Michigan credit unions, which hold $101 billion in assets, serve 60% of the state’s population. During the twelve months ending September 2023, Michigan credit unions provided its 6 million members with a total of $762 million in direct financial benefits.