SCE Credit Union Selects Scienaptic's AI-Powered Credit Decisioning Platform To Enhance Credit Access For Members

NEW YORK - Jan. 9, 2023 - PRLog -- Leading global AI-powered credit decision platform provider Scienaptic AI announced today that SCE Credit Union has chosen to implement its AI-powered underwriting platform. The credit union aims to enhance its credit decisioning capabilities by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.

Founded in 1952, SCE Credit Union is a "not for profit, but for service" cooperative financial institution. With $998 Mn in assets, the credit union offers a full range of financial services, from basic savings and checking accounts to mortgage loans and complex investment planning to over 65,000 members. SCE Credit Union is driven by the mission to improve the lives of its members, its team, and its communities through the value it creates.

"Our members are our most important asset, and we are committed to improving their financial lives," said Jeanine Corpuz, Chief Lending Officer of SCE Credit Union. "Our goal is to be there for our members at every turn, and Scienaptic's platform will help us identify ways to accomplish this. Their sophisticated AI-based decision engine will assist us in creating a streamlined, automated underwriting process that enables us to approve more loans, mitigate risk, and transform the member experience. We are confident our mission and vision, combined with Scienaptic's industry-leading AI technology, will generate significant value for our member community."

Pankaj Jain, Cofounder and President of Scienaptic AI, said, "The credit union movement has demonstrated the value of people above money. SCE Credit Union echoes this vision. We are thrilled that they have chosen our AI-Powered platform to transform their credit decisioning. Our platform will help SCE Credit Union automate and streamline its loan decisioning, resulting in higher approvals, lower risk, instant decisions, and an exceptional member experience."

​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 200 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai.

Media Contact
Chandan Pal
***@scienaptic.com
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