Industry leaders strengthen partnership to serve the technology needs of credit unions
Origence, the leading lending technology solutions provider for credit unions, announces a strategic investment in Zest AI, a pioneer in automated underwriting powered by artificial intelligence (AI). This investment strengthens the existing partnership between the two firms, which began with the recent integration of Zest AI’s Model Management System (MMS) credit scoring technology into Origence arc OS, Origence’s loan and account origination system.
“Automated decisioning is a key capability that credit unions must continue to cultivate for ongoing success in an increasingly digital world,” said Aleks Bogoeski, senior vice president, product & partnerships at Origence. “Our investment in Zest AI is another example of our commitment to ensure that credit unions are positioned for success.”
Latest Fintech News: Finnish Foppa Launches New Financial Products to Help Companies Through the “Marketing Valley of Death”
With the promise of more accurate and consistent underwriting decisions, Zest AI and Origence arc OS can help credit unions enhance automation and credit scoring capabilities while improving the loan origination process for their members. This latest deal is part of a new round of funding designed to help Zest AI grow as the company expands access to AI-driven automated underwriting to additional lenders.
Latest Fintech News: JCB and East West Banking Corporation Announce the Launch of EastWest JCB Credit Card
“Our investment in Zest AI will provide our credit unions a voice in the development of leading artificial intelligence and machine learning technological advancements in the industry,” said Tony Boutelle, president and CEO of Origence. “Both companies are having incredibly strong years, and we are looking forward to all we can do to continue partnering on new initiatives to help the industry succeed.”
Latest Fintech News: FTX Acquired By Binance
[To share your insights with us, please write to sghosh@martechseries.com]
