Charles H. Matthews, Ph.D.’s Post

Scienaptic AI is buzzing with excitement as we gear up to sponsor and participate in the 2023 JH Connect by Jack Henry. This grand event is set to unfold from Oct 16-19 at the Indiana Convention Centre in Indianapolis. The imminent JH Connect event is more than just a conference; it’s a golden ticket into the future of innovation for financial institutions. As a pioneering AI enterprise, we are perpetually exploring the frontiers of innovation in credit underwriting. We are eagerly looking forward to joining visionary leaders from the credit union community who, like us, are committed to groundbreaking innovation and member welfare.     We cannot wait to meet each and every one of you in person, hear your unique stories, and share our AI experiences.    Discover how our state-of-the-art AI technology can revolutionize your underwriting processes, elevate member experiences, and propel your credit union on a trajectory of unprecedented growth. See you there!   #JHConnect #creditunions #cudifference #ai #credit #creditunderwriting #bankingandfinance #fintech #lendingsolutions #symitar

At WeLend, we're committed to leveraging cutting-edge AI and big data to empower our customers' financial journeys. Excited to announce the remarkable results of our proprietary credit health model, WeScore (Financial Health Evaluation) here: 🎉 WeScore hits 3-year milestone! 📈 An average of 75% of our users improve or stabilize their credit health (15% increment compared to previous results!) 💻We continue to leverage 400+ million data sets and day-to-day AI learning tech to redefine the future of personal finance WeLend isn’t just a lending platform; we’re educators too. Financial healthiness matters to us. At the latest campaign, two of our loyal customers, Mr. Fan and Miss. Mo, share their real-life success stories with the use of WeScore. Mr. Fan’s Story: He sought assistance due to past debts and family expenses, aiming to ensure a stable cash flow. 💰 Discover how we helped him: https://lnkd.in/gYp3bh-b Miss Mo’s Story: Miss Mo, who lacked financial literacy, had recently moved out, resulting in increased spending. She turned to us for help in consolidating her finances. 💳 Learn how we assisted her: https://lnkd.in/gkHb4cws   Looking forward to building a financially fit future together with more people! 💪   #WeLend #WeLab #Hkfintech #AITechnology #Revolution #WeScore #FinancialFuture #FinancialHealth #RealUserCases

Levo Credit Union, an early adopter of AI is paving the way for credit unions of the future. Credit Union leader Steve Stofferahn, VP of Lending at Levo Credit Union gives some great insights into how the credit union is leveraging Scienaptic’s platform for fair and compliant credit decisions. He further goes on to give a peek into the credit union’s research for the best AI partner and some crucial advice for lending and risk experts looking to power their credit decisions with AI. Embracing AI-powered credit decisions holds the power to revolutionize credit unions and profoundly impact the lives they touch. So, let the inspiring stories of early adopters like Levo Credit Union fuel your determination. Embrace the possibilities that AI presents, and together, let's shape a future where credit unions lead the way in innovative, inclusive, and transformative impact. #artificialintelligence #creditunions #creditunderwriting #aiunderwriting #aiunderwritingplatform #creditdecisions #ai #credit #memberexperience 

Fantastic project we're working on currently using Ai to prove how this impacts power and speed to deploy over current modelling techniques. If anyone is interested in finding out more or exploring the potential for a demo/trial, let me know 👍

We all know that GenAI is now a deafening buzz in the business arena nowadays, and you might be wondering how it can be beneficial to public sector entities. the answer is in this Article by Kelley Jacob. check it out:

AI offers a multitude of benefits in credit underwriting, such as driving growth, automation, and minimizing losses. By integrating AI into your credit underwriting process, you can achieve multiple goals and excel even in challenging economic times. Read the inspiring success story of an Ohio-based credit union as it partnered with Scienaptic to elevate its loan underwriting process! Scienaptic's AI-powered platform made a significant impact by automating and streamlining the credit union's lending decisions, enhancing approvals in a fair and compliant. This revolutionized the credit experience for members and achieved a remarkable return on investment for the credit union, underscoring the potential of AI-driven credit underwriting. If you're interested in learning more about how AI can revolutionize your lending processes, don't hesitate to schedule a call with our team of experts today. https://lnkd.in/g9js63MS #ai #credit #creditunderwriting #creditunions #cudifference #lending #financialinclusion #memberexperience

Exciting news 🚀 Everyday Loans is putting Jaywing’s award-winning predictive modelling software, Archetype, to the test! Using the AI-powered tool for a trial period, Jacob Rukin commented “We’re intrigued by Archetype’s robust capabilities in credit risk modelling, distinguishing itself from other more generic AI tools available in the market. Its intuitiveness and tailored approach aligns with our mission to lend responsibly and continue helping our diverse customers achieve their financial goals.” Discover more about the upcoming project via Credit Connect UK 👇 https://lnkd.in/ePb85XTt #CreditRisk #FinancialServices

Over decades credit unions have thrived by fostering strong relationships with their members. But times are changing. In a world where speed is paramount, and member expectations are high, credit unions of all sizes must embrace competitiveness to thrive. Enter Luke DeArmond, VP of Lending and an inspirational leader of Heritage Financial Credit Union, who passionately champions the significance of AI for credit unions, emphasizing its indispensable role in competitiveness and survival. From accessing multiple sources of data to leveraging AI models for deeper insights into the creditworthiness of members,  increasing credit access for thin-file applicants, automating decision-making, and remaining competitive, leaders like Luke now firmly believe that the transformative power of AI knows no bounds when it comes to credit unions. Together, we can unlock AI's full potential, making the loan application process faster, fairer, and more inclusive, and enabling credit unions of all sizes to provide superior service and not just thrive but shine! #ai #credit #creditunions #cudifference #financialinclusion #lending #memberexperience #lendingsolutions https://lnkd.in/dE--t6Aw

Too many fundamentally misunderstand "data is the new oil" and adopt OPEC-like strategies to extract economic rent by erecting tolls around data access. In my time advancing data-driven strategies, starting with post-Spitzer sell-side investment research, there has been minimal business model innovation, but the tolls keep getting steeper and have spread, as laggard sectors embrace that trite statement, like in #mortgage as reflected in my recent post on Truework. Isn't it ironic that we are witnessing a collective realization amongst the Gulf States that extractive tollgate strategies will no longer get them to where they need to be in the future? Maybe they have realized that data itself is a commodity and true value lies in what can be done with said commodity? Sultan M. OpenBB #fintech

⭐ The #AI evolution and making better, faster decisions! ⭐ In an increasingly online world, Clark County Credit Union sought an agile tech partner that could increase automation, accuracy, and help them serve more of their members. Zest AI's powerful technology, smooth integration process, and personalized touch was the perfect match. Listen to Josh Haldeman, Chief Lending Officer, discuss the beginnings of his credit union's AI journey, adapting to uncertain economic times, and working towards a fully automated lending experience. For an in-depth look at how Clark County Credit Union got started with AI-automated underwriting, check out the case study here: https://lnkd.in/d_-7hHiy #FinTech #Automation #Tech #Innovation