CHEYENNE, Wyo.–Meridian Trust FCU has selected Scienaptic AI for its AI-powered credit decision platform.
The implementation will help the credit union strengthen its lending portfolio, make faster loan decisions and empower its member-community through greater access to credit, the company said. Meridian Trust has locations in Wyoming, Colorado and Nebraska, and turned to the advanced, automated credit decisions to streamline loan decisioning, expand its member base and increase credit availability for its members, the company added.
“At Meridian Trust Federal Credit Union, we believe everyone deserves a chance to thrive, financially and otherwise,” said Michael Barnhardt Jr., chief lending officer of Meridian Trust FCU. “The deployment of Scienaptic’s AI-based platform is helping us provide quick access to credit, make advanced decisions in reduced time and provide our members with customized financial solutions. As indicated by early results, an over 50% increase in auto approvals for auto loans will help us have many more proud vehicle owners in our community.”
‘Great Satisfaction’
Added Pankaj Jain, president and co-founder of Scienaptic AI, “To see businesses and individuals thrive by getting the right financial assistance is a matter of great satisfaction. We are delighted that the deployment of our platform is helping Meridian Trust Federal Credit Union achieve that goal. Our industry-leading credit decisioning platform will greatly enhance Meridian Trust’s financial outreach initiatives and lead to an enhanced member experience and inclusive credit access.”
For info: http://www.scienaptic.ai.