Scienaptic AI

We are thrilled to announce that Advantage Plus Federal Credit Union has chosen Scienaptic’s fair and compliant credit underwriting platform to automate and streamline their loan decisioning! Since 1953, Advantage Plus FCU has been fully dedicated to serving its member community, tailoring all products, resources, and interactions to meet the unique needs of Southeast Idaho and Star Valley. We are excited and humbled to be the credit union’s AI partner in their journey to improve the financial lives of their members. We extend our heartfelt thanks to brent neibaur, Adam Brown and the rest of the visionary leadership at Advantage Plus, who share our passion for technology and believe in the transformative power of AI. It is an honor to work with like-minded leaders who are dedicated to serving their community and we look forward to supporting the Credit Union in their continued growth and success. Welcome to the Scienaptic family! Link to Press Release - https://lnkd.in/gBpbE8EK Pankaj Jain, Pankaj Kulshreshtha, Vinay Bhaskar, Sandeepan Sarkar, Samantha Hubbard, Eric Steinhoff, Kirill Skok, Chandan Pal, Gregory Bishop ! #ai #credit #creditunderwriting #creditunions #cudifference #memberexperience #financialinclusion #fairlending 

Tanya Tanaro, VP of Education and Consumer Lending at Harvard Federal Credit Union joined Mike Lawson to share how the credit union has been working with Scienaptic to leverage AI to increase approvals and automation. Tanya and Mike deep dive into how Harvard Federal Credit Union's instant approvals increased by 80%+ for credit cards, 50%+ for unsecured loans, and went up from 0 to 30%+ for vehicle loans all by using Scienaptic's Fair & Compliant AI-driven Credit Underwriting platform! Watch the full interview here - https://lnkd.in/efZWJqVr #ai #underwriting #creditunions #lendingsolutions #loans #financialinclusion #fairlending #cudifference #creditunderwriting #credit #memberexperience

Scienaptic’s AI-powered platform is designed to work seamlessly with any LOS or core banking system. Our technology stack is modern and scalable, which makes it a breeze to deploy and manage. Listen to Luke DeArmond's success story of a smooth and hassle-free deployment of Scienaptic's platform at Heritage Financial Credit Union and how quickly it integrated with the credit union's LOS Temenos. Our LOS and core agnostic approach is a game changer for financial institutions that want to stay ahead of the curve. Get in touch with us today and reform your credit decisioning to say ‘yes’ to more members!! #ai #credit #creditunions #credituniondifference #creditrisk #memberexperience #financialinclusion #creditunderwriting

Congratulations On Tap Credit Union for winning  the Best Bank/Credit Union and Best Mortgage Company in both Arvada and Golden from Colorado Community Media’s "Best of the Best" annual competition. A heartfelt congratulations to the exceptional leaders Tracie Wilcox, Tony Nieto, Chris Bokovitz and the entire On Tap Credit Union team who continue to inspire with their vision and dedication. #CreditUnionExcellence #MemberCentric #memberexperience #financialinclusion #creditunions #cudifference

The strategic planning season presents an opportunity for all credit unions to identify and incorporate new imperatives that can help mitigate risks and streamline critical processes. Join our webinar on 'Strategic AI Roadmap for Credit Unions' on August 27th at 1 pm EST. Our stellar lineup of speakers Anne Legg, Founder of THRIVE Strategic Services, Missi McCloskey, AVP Credit Administration at Numerica Credit Union, Kirk Drake, Founder CU 2.0, and Eric Steinhoff, EVP Client Impact at Scienaptic AI will offer insights on ✅ Developing an AI-Driven Framework ✅ Establishing cross-functional predictive capabilities ✅ Optimizing Data and Resources ✅ Enhancing Member Engagement ✅ Fostering an AI Culture REGISTER NOW - https://lnkd.in/f5b62Y4 #ai #credit #creditunions #cudifference #financialinclusion #fairlending #memberexperience #lending #creditunderwriting

We are delighted to announce that Topside FCU is now live on Scienaptic’s AI-powered credit underwriting platform. This deployment is streamlining the credit union’s underwriting process, providing over 40,000 members with improved access to credit and an enhanced credit experience. We are grateful for the support of Kathy McCarthy and Topside FCU leadership as we together drive the mission of making banking smarter and simpler and delivering creative financial solutions tailored to the needs of its members in the Virginia community. Link to the full announcement - https://lnkd.in/gPWu-_8a Pankaj Kulshreshtha, Samantha Hubbard, Vinay Bhaskar, Eric Steinhoff, Kirill Skok, Chandan Pal, Gregory Bishop #ai #underwriting #credit #creditunderwriting #creditunions #cudifference #memberexperience #financialinclusion #fairlending

Identity theft and synthetic ID fraud are on the rise, resulting in substantial financial losses. The latest FTC reports reveal that ID thefts for loan frauds have doubled in 2024 as compared to 2019. Moreover, 15% of synthetic identities target credit unions and credit unions issue significantly more credit to those synthetic identities than to real ones. The good news is that credit unions can leverage comprehensive solutions to effectively detect and prevent fraudulent applications while ensuring a seamless experience for genuine members. Here’s a quick report! #fraudprevention #ai #credit #originations #lending #lendingsolutions #fraud #bankingandfinance #creditunions

Strategic planning is a crucial time for credit unions to innovate and tackle evolving risks, but the fast-paced environment, especially in lending, makes long-term strategies challenging. AI offers a solution, enabling personalized member engagement and transforming how credit unions operate. Join our webinar on 'Strategic AI Roadmap for Credit Unions' on August 27th at 1 pm EST. Our stellar lineup of speakers Brian Howell, Chief Strategy Officer at People Driven Credit Union, Kirk Drake, Founder CU 2.0, Anne Legg, Founder of THRIVE Strategic Services and Eric Steinhoff, EVP Client Impact at Scienaptic AI will offer insights on ✅ Developing an AI-Driven Framework ✅ Establishing cross-functional predictive capabilities ✅ Optimizing Data and Resources ✅ Enhancing Member Engagement ✅ Fostering an AI Culture REGISTER NOW - https://lnkd.in/f5b62Y4 #ai #credit #creditunions #cudifference #financialinclusion #fairlending #memberexperience

The MSME sector is undergoing a significant transformation, yet many businesses still face challenges in accessing the financing they need to grow. In his insightful article in The Economic Times, Joydip Gupta explores how AI-driven predictive risk models and flexible credit products are revolutionizing credit underwriting for MSMEs. These innovations are not only improving loan approval rates but also enhancing financial inclusion, driving economic growth across the country. A compelling read! Link to the full article - https://lnkd.in/gv7-zE3k #ai #msme #financialinclusion #credit #creditunderwriting #bankingandfinance #lending

We are happy to announce that Scienaptic AI has joined the American Fintech Council as its newest member! American Fintech Council's mission is to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy. Scienaptic will join a rapidly growing group of fintech innovators collaborating to serve consumers while strengthening regulatory compliance. We’re excited to collaborate with Phil Goldfeder and his team to advance responsible innovation in the financial system and increase credit access for the underserved. Read the full announcement here - https://lnkd.in/emWz37CB Pankaj Kulshreshtha, Pankaj Jain, Vinay Bhaskar, Samantha Hubbard, Eric Steinhoff, Kirill Skok, Chandan Pal, Gregory Bishop #ai #credit #creditunderwriting #fintech #financialinclusion #fintechpolicy #fairlending