NEW YORK–The underwriting platform from Scienaptic AI, an AI-powered credit decision provider, has been named a winner in the 2022 Artificial Intelligence Excellence Awards, presented by the Business Intelligence Group.
“Financial institutions are using our adaptive AI technology to enhance financial inclusion initiatives by augmenting the customer and member experience, all without increasing risk,” the company stated in announcing the award.
The Artificial Intelligence Excellence Awards recognize organizations, products and people who bring AI to life and apply it to solve real problems. “The Business Intelligence Group recognizes unique solutions and how they impact the market as companies build new tools, launch new services or deploy the AI of strategic vendors,” the company added.
Scienaptic said its platform evolved from the idea that the “traditional methods for credit decisioning are outdated,” the company said, adding that its AI-based credit underwriting platform enables financial institutions to be “more inclusive” in their lending through advanced, automated and faster credit decisioning, “allowing more people to have access to credit, without increasing the lender’s risk.”
‘Testament to Creativity, Passion’
“We are so proud to name Scienaptic as a winner in our inaugural Artificial Intelligence Excellence Awards program,” said Maria Jimenez, chief nominations officer for Business Intelligence Group, in a statement. “It was clear to our judges that Scienaptic was using AI to improve the lives of their customers and employees.”
"Being named an AI Excellence Award winner is a testament to Scienaptic’s creativity and passion for success,” said Scienaptic President Pankaj Jain. “Financial institutions are using our adaptive AI technology to enhance financial inclusion initiatives by augmenting the customer and member experience, all without increasing risk.”
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