FIFE LAKE, Mich.–Forest Area FCU has selected the AI-powered credit decision platform from Scienaptic AI, saying the solution will provide it with faster credit decisioning.
The $180-million Forest Area FCU, which has more than 15,000 members and six branches across Michigan, said Scienaptic’s platform will enable it to automate its credit underwriting process and make personalised loan decisions.
“For 38 years, we have provided assistance to those who are living on the fringes of the community and provide a wholesome financial experience to our members,” said VP-Lending Justin Wolf. “Our partnership with Scienaptic AI’s credit underwriting platform will help us create a more inclusive and efficient lending process and allow us to approve more loans and provide credit assistance to a wider category of people.”
‘Extremely Thrilled’
Added Pankaj Jain, president of Scienaptic AI, “We are extremely thrilled to be chosen as the credit underwriting platform for Forest Area FCU and to assist them in faster and more efficient loan decisioning. Our state-of-the-art AI technology will help the credit union serve more unbanked and underbanked individuals and provide a member-centric service, at reduced risk.”
For more info: www.scienaptic.ai.
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