LITTLE ROCK, Ark.–Arkansas FCU here has selected the AI-powered credit decision platform fromScienaptic AI.
With Scienaptic AI’s credit underwriting platform, Arkansas Federal will be able to increase credit access for its community through instant loan decisioning and higher approvals, according to the company.
“At Arkansas Federal, we are focused on ensuring access to credit to our members so that they can achieve their financial goals, whether that’s buying their first home or refinancing their debt so that they can have peace of mind,” said Terry Vick, executive vice president and chief lending officer at Arkansas Federal. “With Scienaptic's AI technology, our loan decisioning will become automated, sharper and faster, enabling us to provide loans to members whose credit scores are unfairly low while enhancing everyone’s ability to get fair rates backed by local service.”
Increasing Approval Rates
Added Pankaj Jain, president of Scienaptic, “Our cutting-edge AI-enabled credit underwriting technology will help Arkansas Federal increase approval rates and lend with more confidence. Our platform helps to empower both members and credit unions by increasing credit access and minimizing risk while increasing the number of beneficiaries. We are excited to be part of this journey to bring empowerment and growth opportunities to the state of Arkansas.”
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