back Back

Scienaptic AI bridges credit gap through its credit decisioning platform

By Edlyn Cardoza

March 22, 2022

  • Credit Availability
  • Credit Decision Platform
  • Digital Finance Company
Share

Scienaptic AI, Credit Decision Platform, DMI Finance, Digital Finance Company, Credit Availability, USAScienaptic AI, a leading global AI-powered credit decision platform provider, recently announced that it has added DMI Finance as a client.

Lenders use the Scienaptic platform with assets exceeding $100 billion, enabling them to process over $22 billion in credit decisions, benefitting over 2 million credit union members and millions of borrowers across sectors like banks, auto, and online lenders. This credit decisioning platform will help DMI, a technology-first and innovative digital finance company, expand its reach to underserved customers, increase credit availability, and expand its customer base.

Joydip Gupta, APAC Head, Scienaptic AI, said, “We are keen to be working with DMI Finance to help them achieve their digital mission. DMI will be using Scienaptic’s business rule engine for consumer lending. We are confident that Scienaptic’s flexible decisioning engine that allows quick experimentation, with test-and-learn and portfolio analytics features, will enable DMI to serve more borrowers and boost credit approvals without increasing risk.”

Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning. Over 150 years of credit experience is embedded in Scienaptic’s AI native credit decision platform. They have clients across banks, credit unions, FinTech, and other lenders who constantly use the platform to improve the quality of underwriting decisions. This enables them to say ‘yes’ to borrowers more often. Lenders use the platform with assets exceeding $100 billion, enabling them to process over $22 billion in credit decisions, benefitting over two million credit union members and millions of borrowers across banks, auto and online lenders.

Previous Article

March 22, 2022

Zaggle partners with CASHe to power next-gen lending for its users

Read More
Next Article

March 22, 2022

Avarda taps open banking services from Aiia to improve the digital payment experience

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

Credit Availability

Security experts sound the alarm on Deepfake threats in the age of AI

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

5 FinTechs offering Mutual Fund-Backed Loans in India

Read More

Today

Linedata acquires French AI startup DreamQuark

Read More

Today

9Basil Group announces acquisition of AlteriQ

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 Q4 2023
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