back Back

4Front Credit Union chooses Scienaptic’s AI-Powered platform

By Edlyn Cardoza

January 25, 2022

  • 4Front Credit Union
  • Credit Decision Platform
  • Credit Unions
Share

Scienaptic, 4Front Credit Union, Credit Decision Platform, Credit Unions, Loan Management, Traverse City, Michigan, USALeading AI-powered credit decision platform provider, Scienaptic recently announced that 4Front Credit Union has selected its AI-based underwriting platform to strengthen the credit union’s loan portfolio by making advanced loan decisions using artificial intelligence.

4Front Credit Union is a member-owned financial cooperative in Traverse City serving members across Michigan. The credit union has $898 million in assets with a member base of 94,000 and counting. 4Front aims at the financial well-being of its members and offers exclusive financial products for personal loans, business financing and wealth management. The credit union also aims at providing financial literacy to its members. The deployment of Scienaptic’s AI-powered loan decisioning platform will further its reach throughout the state, providing its members with better access to credit by approving more loans faster.

“At 4Front Credit Union, we believe in simple and smart banking. Therefore, it’s imperative that we bring the latest technology to continuously serve our members better,” said Daniel Baker, SVP of Lending at 4Front Credit Union. “Scienaptic’s industry leading underwriting decisioning platform will allow us to reach more members who have been affected by the pandemic in the last two years. The technology will help us know our members better and automate the loan decisioning process, allowing us to approve more loans and offer an enhanced member experience.”

“We are thrilled to have 4Front as our partner. Our motto has always been to transform lives and this partnership will do just that for the people of Michigan,” said Pankaj Jain, President of Scienaptic. “Our cutting-edge technology is made to empower borrowers so they have better access to credit but also lenders so they can lend with more confidence.”

Recently, IBS Intelligence reported that leading AI-powered credit decisioning disruptor Scienaptic had announced that ZeroPay is now live on its platform. The platform will enable ZeroPay to make accurate credit decisions and limit assignments in the Buy Now, Pay Later (BNPL) segment.

Previous Article

January 25, 2022

4 InsurTech companies to watch out for in 2022

Read More
Next Article

January 27, 2022

Splitit appoints Nandan Sheth as CEO

Read More







Advertise with us



IBSi Daily News Analysis

payment-- MarPay. Pointspay

May 25, 2022

4Front Credit Union

Why are Pointspay and MarPay gaining traction in the payment industry?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

3 Brazilian FinTechs revolutionising the financial sector

Read More

Today

PayMe India appoints Vineet Daniel as Chief Technology Officer

Read More

Today

Postpay receives Sharia approval for its BNPL products

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More