ZeroPay goes live with Scienaptic’s AI-powered credit decisioning platform
AI platform empowers ZeroPay to extend credit to consumers in BNPL segment
NEW YORK, NY (January 18, 2022) — Leading AI-powered credit decisioning disruptor, Scienaptic announced that ZeroPay is now live on its platform. The platform will enable ZeroPay to make very accurate credit decisions and limit assignment in the Buy Now, Pay Later (BNPL) segment.
Launched by Acharya group, ZeroPay is an OTT-based BNPL fintech start-up seeking to change consumer credit with its cutting-edge technology platform which allows customers to shop anywhere and pay in easy EMI at Zero interest, Zero penalty and Zero late fees. ZeroPay plans to scale exponentially and help consumers in small ticket payments for everyday usage like grocery purchases, restaurants and online shopping.
“Scienaptic is our strategic partner and is helping us build the right risk scorecards, decisioning strategy and credit limit based on risk assessment with a platform to execute decisioning in real-time,” said Krishna Basani, CEO of ZeroPay. “This platform will allow us to make loan decisions and approve credit faster and in larger volumes, while managing our risk.”
“BNPL is one of the hottest growth products in consumer lending in India and Scienaptic has a ton of experience in this segment, supporting some of the largest e-commerce and marketplace players over the past three years,” said Joydip Gupta, APAC Head, Scienaptic. “We hope to bring our experience in the form of our underwriting models and our decisioning platform to help ZeroPay scale up to market leadership position, while maintaining a very healthy portfolio quality.”
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
