Michigan Credit Union League and Scienaptic collaborate in new AI venture for Michigan credit unions
Leading global AI-powered credit decision platform provider, Scienaptic AI announced an AI collaboration with the Michigan Credit Union League (MCUL). This alliance will enable the company to offer its AI-powered credit underwriting technology to credit unions throughout Michigan.
“We are excited for this collaboration as our platform will allow credit unions in the Michigan to grow their loan portfolios and enrich member lives while minimizing their risk”
Organized in 1934, MCUL has a proud tradition of innovation and leadership among the nation’s credit union trade associations. The partnership with Scienaptic will enable MCUL to deepen its commitment towards serving its members, expanding their market presence and improving their financial status.
Scienaptic’s current Michigan clients include Advantage One Credit Union and 4Front Credit Union.
Latest Fintech News: Bogota Included In The Global Financial Centres Index
In a recent press release, Nicholas Schmitter, Chief Lending Officer at Advantage One, said, “Scienaptic’s AI-powered credit decisioning platform will allow us to go the extra mile. It will give better access to credit for many deserving members.”
Scienaptic’s mission is to increase credit availability by transforming technology used in credit decisioning. Clients across banks, credit unions, fintechs and other lenders use the platform to constantly improve the quality of underwriting decisions. This enables them to say “yes” to borrowers more often and faster.
“Our partnership with Scienaptic is based on an alignment of core missions: to help credit unions better provide for their members,” said MCUL CEO Patty Corkery. “We believe this platform is the next step forward to allowing nearly 5.8 million members access to the financial services they need.”
Latest Fintech News: Segmint Partners with Snowflake to Revolutionize Payment Transaction Enrichment for Financial Institutions
“This alliance represents an opportunity for Michigan credit unions to take advantage of innovation and AI in the lending industry,” said MCUL VP of Michigan Solutions Eric Loehr. “The use of Scienaptic’s AI-based credit underwriting platform will play a key role in helping our credit unions grow membership, strengthen charters and provide excellent service to members.”
“We are excited for this collaboration as our platform will allow credit unions in the Michigan to grow their loan portfolios and enrich member lives while minimizing their risk,” said Kathryn Bonesteel, Head of Partnerships at Scienaptic AI. “It will also enable them to reach underserved members and enhance member experience.”
Latest Fintech News: Moglix Raises $250 Million At $2.6 Billion Valuation, Delivers 80x Return To Seed Investors
[To share your insights with us, please write to sghosh@martechseries.com]
