Scienaptic

Deployment aimed to automate loan decisioning and expand credit access

Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that North Charleston-based CPM Federal Credit Union has chosen to implement its AI-powered credit decisioning platform.

Scienaptic, the world's leading AI-powered credit decision platform provider, announced its partnership with Finagraph, the global leader in financial data collection and analysis.

Platform to enhance credit access and improve member experience

Platform to enhance the financial well-being of members and improve member experience

Sync1 credit union clients can now access Scienaptic's AI-powered credit decisions

Deployment is expected to boost alternative financing for career schools, technical schools, and other training providers

The implementation will augment ELGA's existing credit underwriting platform deployment from Scienaptic

Partnership brings together industry leaders in origination fraud and credit decisioning to prevent millions of dollars of fraud losses for financial institutions

Early results indicate 30-50% auto approvals and a 5-10% increase in loan approvals