Credit Union of Colorado goes live with Scienaptic AI
By Edlyn Cardoza
Leading global AI-powered credit decisioning platform provider Scienaptic AI announced that the Credit Union of Colorado is now live on its platform. Integrating the platform with Credit Union of Colorado’s LOS (Temenos) and going live enables the credit union to make automated, AI-driven, smart credit decisions while enhancing credit access to members.
Credit Union of Colorado was established in 1934 and was earlier known as Colorado State Employees Credit Union. In the early days, only active state employees could be members. With over 80 years of experience, the credit union has since expanded to serve more than 140,000 members and is worth more than $2 billion in assets. It specialises in providing personalised products and services, including auto loans, home equity lines of credit, and credit cards.
“At Credit Union of Colorado, we continuously look forward to exploring innovations and opportunities to enhance the member experience,” said Chad Wilcox, Senior Vice President of Lending at Credit Union of Colorado. “Going live with Scienaptic’s AI-enabled platform enables us to curate a more personalised experience for members, improve loan approval rates, drive automation, and enhances our ability to serve the community for years to come.”
“We are delighted to have deployed our platform at Credit Union of Colorado and to be able to assist them in serving their members. Scienaptic’s AI-powered decisioning platform is enabling better financial solutions for members while minimising the risk factor associated with lending,” cited Pankaj Jain, President of Scienaptic.
Recently, IBS Intelligence reported that Scienaptic AI had announced that Montana-based Billings Federal Credit Union had chosen to implement Scienaptic’s AI-powered credit decisioning platform. The credit union aims to lend deeper, increase automation, and make advanced credit decisions through Scienaptic’s fair, inclusive, and compliant AI platform.
IBSi Daily News Analysis
December 05, 2022
Banks must keep up with Gen Z’s high expectations, thanks to NeobanksRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage