NEW YORK - Oct. 25, 2023 - PRLog -- Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Baltimore County Employees Federal Credit Union has selected the company to enhance and automate its credit underwriting and decisioning process.

The Scienaptic AI platform will integrate with the credit union's existing loan originating system to enable seamless, AI-enabled decisions with accuracy and greater speed.

"The advanced technology that Scienaptic AI provides will refine our underwriting process and provide an exceptional experience to our members," said David P. Hagar, President/CEO of Baltimore County Employees Federal Credit Union. "Scienaptic will reduce loan processing time and provide greater insight into risk, allowing us to better serve members of our community."

Pankaj Jain, President of Scienaptic AI, said, "It's thrilling to see Baltimore County Employees Federal Credit Union embracing our platform. This adoption positions them to enhance the member experience significantly, make AI-driven, compliant loan decisions, and manage risk effectively. We consider it a privilege to collaborate with the credit union in its mission to empower members on their financial journeys. Our commitment remains steadfast in extending our cutting-edge technology to credit unions to advance the financial well-being of members across the nation."

About Baltimore County Employees Federal Credit Union

Baltimore County Employees Federal Credit Union was founded in 1963 to serve Baltimore County Government employees and their families. Sixty years later, the credit union has grown to serve additional affinity groups and more than 29,000 members in the Baltimore-metro region with about $500 million in assets. For more information visit www.bcefcu.com.

About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai

Media Contact
Raabiya Singh
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Source: Scienaptic AI

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