JOLIET, Ill.–NuMark Credit Union said it has selected the AI-based underwriting platform fromScienaptic AI.
Numark CU, which has more than 50,000 members, will use Scienaptic’s loan decisioning platform “to enhance its member experience with faster lending decisions to help members finance their dreams and do more with their money,” according to the company.
“At NuMark CU, we have multi-generational clients and members who have had accounts with us for more than three decades, and this trust is our biggest asset,” said Steve Clark, chief lending officer of NuMark Credit Union. “With Scienaptic’s AI-powered credit underwriting platform, we will be able to better serve members who we consider to be an extension of our family. The AI platform will enable us to maintain a deep commitment to member relationships while improving member financial lives through smarter, more personalized credit decisions.”
‘Unlock Millions of Dreams’
Added Pankaj Jain, president of Scienaptic, “We are incredibly delighted to announce that we will be partnering with NuMark Credit Union. Our AI-powered credit underwriting platform will help unlock millions of dreams through better access to credit. NuMark will be able to make personalized credit decisions for its members, approving more loans while minimizing risk.”