LAKE CHARLES, La.–Southwest Louisiana Credit Union said it has selected the AI-powered credit decision platform provider Scienaptic AI.
The credit union, which has more than 16,000 members and which “works relentlessly to eradicate poverty in Southwest Louisiana,” has been providing a host of financial services like advanced loans at lower interest rates, $mart Rewards Checking, savings accounts and insurance.
According to the company, by partnering with Scienaptic’s AI-based loan decisioning platform, Southwest Louisiana Credit Union will be able to provide better financial assistance through faster and improved access to credit to more community members.
“In the past two years, our asset size has grown from $100 million to $154 million, and our young and energetic team is using this momentum to help more members attain financial independence,” said Chad Miller, CEO of Southwest Louisiana Credit Union. “Our partnership with Scienaptic AI comes at an exciting point in our journey. Their AI-powered loan decisioning platform will help us increase our loan approval rates and make faster decisions, which will enhance credit experience and credit access for the underserved members of our community. We believe in second chances and Scienaptic’s platform will empower us to do just that.”
‘Faster and Better’
Added Pankaj Jain, president of Scienaptic AI, “We are excited to be working with Southwest Louisiana Credit Union to boost loan approvals through our industry leading credit underwriting technology, which will enable them to make faster and better credit decisions while reducing the risk. Helping community members achieve their dreams and financial standing gives the Scienaptic team extreme satisfaction and joy.”
For info: www.scienaptic.ai.