Scienaptic AI, a leading provider of AI-powered credit decisioning, announced that Barksdale Federal Credit Union has selected its platform to enhance origination fraud and anomaly detection to tackle the challenges of identity theft and synthetic identity fraud.
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With the help of the Scienaptic AI platform, Barksdale Federal Credit Union aims to deploy a deeply integrated fraud and loan underwriting engine. This integrated engine aggregates multiple data sources and leverages cutting-edge machine learning and anomaly detection algorithms to create a powerful signal to detect fraud. Early detection of fraud is already yielding significant savings in fraud losses for Scienaptic clients.
“Protecting our members’ financial lives is our highest priority, especially as fraud tactics become increasingly sophisticated,” said Patrick Gullatt, CEO and President of Barksdale Federal Credit Union. “Scienaptic AI provides us with the advanced tools we need to identify and stop these threats. This technology allows us to maintain a frictionless experience for our genuine members while significantly reinforcing the security of our lending operations.”
“Our mission is to prevent fraud at the source without slowing down genuine members,” said Eric Steinhoff, EVP, Client Impact at Scienaptic AI. “Our system enables financial institutions to spot irregularities quickly, streamline operations, and approve more members with confidence. This collaboration with Barksdale Federal Credit Union demonstrates our shared commitment to secure, inclusive, and data-driven financial services.”
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