back Back

Class Act Federal Credit Union to deploy Scienaptic’s AI-Powered platform

By Edlyn Cardoza

January 14, 2022

  • Alumni Credit Union
  • Class Act Federal Credit Union
  • Credit Decision Platform

Scienaptic, Credit Decision Platform, Class Act Federal Credit Union, Credit Union, Underwriting, Metro Louisville, PFM, USA, University of Louisville Student, Alumni Credit UnionLeading global AI-powered credit decision platform provider Scienaptic AI announced that Class Act Federal Credit Union has selected its AI-powered platform. The implementation will equip the credit union with enhanced underwriting capabilities to make stronger, faster credit decisions and strengthen financial options for its members.

Class Act Federal Credit Union was established by a small group of Jefferson County Public Schools (JCPS) teachers in 1954 to serve the personal finance needs of teachers and other school employees. At that time, teachers had limited access to loans or credit of any kind, and the credit union filled this need and did so at competitive rates. Other area school districts expressed interest, and within a few short years, the credit union was serving all public-school employees in the Metro Louisville area and employees from a sizable number of private schools. In 1994, the Class Act’s field of membership expanded to include the University of Louisville through a merger with the University of Louisville Student & Alumni Credit Union.

“Today, although the banking industry has changed dramatically, the credit union’s mission remains virtually the same – to serve the personal finance needs of our local educational community,” said Stephen Green, Vice President of Lending at Class Act Federal Credit Union. “Scienaptic’s AI-powered credit decisioning platform will enable us to empower our local educational community. We can say ‘yes’ to many more educators, serve them with smarter loan decisions, and be their first choice for a lifetime of financial service.”

“Our partnership with Class Act Federal Credit Union will help us further our mission to foster a better life for all members and empower lenders to make AI-driven loan decisions and open up credit,” said Pankaj Jain, President of Scienaptic. “Not only will our platform broaden their member base, but it will also improve the member experience.”

Recently, IBS Intelligence reported that Leading AI-powered credit decision platform provider, Scienaptic announced that Advantage One Credit Union had chosen its AI-based underwriting platform to complement its lending process and make advanced loan decisions.

Previous Article

January 14, 2022

Ithmaar Bank empowers customers with self-service machines

Read More
Next Article

January 14, 2022

HooYu expands KYC offering with open banking identity and affordability checks

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

Alumni Credit Union

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

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


Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

July 11, 2024

RAKBANK to enhance banking operations with Microsoft AI

Read More

July 10, 2024

Islamic FinTech Offa launches buy-to-let finance service

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024