PANAMA CITY BEACH, Fla.– Innovations FCU here has selected the AI-powered credit decision platform from Scienaptic AI.
The platform will provide an enhanced lending experience and enable the credit union to streamline its credit underwriting process and make faster loan decisions for its members, according to the company.
The $346-million Innovations FCU has more than 22,000 members and six branches. Among its unique initiatives is the Octane program to support entrepreneurial ventures and a Green Path Financial Wellness initiative.
“At Innovations FCU, we appreciate every member and pay heed to their individual needs and requirements, making them feel heard,” said President and CEO David A. Southall. “The deployment of Scienaptic’s AI-powered credit decisioning platform will allow us to increase loan approvals, make quicker decisions and provide personalized financial assistance to our members. We are excited to be part of this disruption that will bring about better opportunities for Bay County.”
‘Streamlined Underwriting’
Added Pankaj Jain, President of Scienaptic commented on the collaboration, “At Scienaptic, our goal is to empower credit unions and members alike. Our AI-powered platform will enable Innovations Federal Credit Union to streamline its underwriting process, strengthen the lending portfolio, make faster decisions and reduce losses. At the same time, members will get better access to credit and an enhanced experience.”
For info: http://www.scienaptic.ai.
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