back Back

Numerica Credit Union goes live with Scienaptic’s AI-Powered platform

By Edlyn Cardoza

December 23, 2021

  • Credit Decision Platform
  • Credit Management
  • credit union
Share

Scienaptic AI, Numerica Credit Union, Credit Decision Platform, Credit Union, Washington, USA, IdahoLeading global AI-powered credit decision platform provider Scienaptic AI recently announced that Numerica Credit Union is now live on its platform. The implementation will facilitate advanced and faster credit decisions for the credit union and enhance the member experience.

With roots going back to 1937, Numerica Credit Union initially was founded to support railway workers and employees of other transportation systems and shippers. For over 80 years, the Washington-based credit union has evolved and expanded and is currently serving more than 160,000 members across central and eastern Washington and northern Idaho. Numerica offers a complete line of financial products and services to help its members and communities live well financially, including mortgages and business products.

“At Numerica Credit Union, our mission is to enhance lives, fulfill dreams and build communities,” said Ken Plank, Chief Lending Officer at Numerica. “Our partnership with Scienaptic is empowering us to make advanced and faster credit decisions especially at a time when the Spokane valley is growing at a rapid pace. Initial tests show potential for up to 27% more approvals, 20% risk reduction and 77% auto-decisioning. It strengthens our member relationships, supports their financial needs and enhances their experience.”

“We are excited that Numerica Credit Union is now live, and our platform is enabling them to support the financing needs of their members,” said Pankaj Jain, President of Scienaptic. “Our AI-powered credit decisioning platform, is helping Numerica increase credit availability for their members and offer a better experience to support their financial endeavors.”

Recently, IBS Intelligence reported that leading global AI-powered credit decision platform provider, Scienaptic AI announced that Ascendus has chosen its AI-based underwriting platform to augment its lending process and make advanced loan decisions for small and medium-sized businesses.

Previous Article

December 23, 2021

Fable forays into new global markets

Read More
Next Article

December 23, 2021

Decentro enables NBFCs to digitise their lending cycles

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Credit Decision Platform

Digital remittances surge as key lifeline amid global economic challenges, 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

June 14, 2024

IDVerse brings Identity Verification solution to Temenos Exchange

Read More

June 14, 2024

Over 44% of U.S. consumers embrace AI in banking, prioritise fraud detection–with a few caveats

Read More

June 13, 2024

4 Cybersecurity firms using AI to thwart financial crime in the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 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!
close-link
Get your copy now! IBSi Sales League Table 2023