SIOUX FALLS, S.D.–Levo Credit Union has selected the AI-powered credit decision platform from Scienaptic AI.
Scienaptic’s platform will allow Levo to increase approval rates, augment its credit decisioning process and improve member experience with faster processing and approval times.
Chartered in 1934 Sioux Falls FCU, the 30,000-member Levo CU has implemented Scienaptic’s AI-powered credit underwriting platform to “allow the community-focused, members-first institution to boost credit access for both current and potential borrowers,” according to the company.
“When we re-branded ourselves as Levo with the vision of going ‘forward together,’ we intended to empower members to experience the uplift they get when they collaborate with a credit union that understands its members’ needs, and offers services in a personalized, localized manner,” said Steve Stofferahn, VP of lending at Levo Credit Union. “We believe in the philosophy of giving back, and Scienaptic’s AI platform deployment is another step towards understanding our members better and in a smarter way, approving their loans faster, and enabling them to flourish financially.”
‘Incredibly Satisfying’
Added Pankaj Jain, co-founder and president of Scienaptic commented on the deployment, “It is incredibly satisfying to play a role in a member's journey towards realizing their dreams and through this deployment with Levo, we are able to deliver on this mission by enabling advanced and faster loan decisioning. Our platform enables Levo to give back to their community, and Levo is able to strengthen their decision making infrastructure and approve more members than ever before.”
For info: http://www.scienaptic.ai.
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