Deployment of the artificial intelligence (AI) platform will automate and streamline loan decisioning for the credit union

Leading global credit decision platform provider Scienaptic AI announced today that Partner Colorado Credit Union has chosen its AI powered credit underwriting platform to automate their loan decisioning process for sharper and faster loan decisions.

Partner Colorado Credit Union was established in 1931 and was initially known as Denver Postal Credit Union. For over 90 years, Partner Colorado has safeguarded the financial well-being of its members. The credit union has grown in strength and now serves over 34,000 members and is $567 million in assets. Scienaptic’s AI-powered credit underwriting platform will allow Partner Colorado to reduce risks and increase loan approvals, which is a win-win for the credit union and its members.

“Partner Colorado is built on the values of responsiveness and resourcefulness – we continuously look for new ways to help our members achieve their dreams and improve their financial well-being,” said Choua Ly, Senior VP of Lending for Partner Colorado. “Scienaptic’s AI-powered credit underwriting platform will automate our loan decisioning, making it faster and more efficient. We have been serving the financial needs of generations of Coloradans and AI-based underwriting will take our member experience to the next level.”

Correspondingly, Pankaj Jain, President of Scienaptic AI, stated, “It is incredibly satisfying to play a role in a member's journey towards realizing their dreams and through our partnership with Partner Colorado, we will be able to deliver on this mission by enabling advanced and faster loan decisioning. Our AI-powered credit underwriting platform can help increase credit access, elevate member experience, and reduce risk all at the same time.”

About Scienaptic AI

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. Our clients across banks, credit unions, fintech, and other lenders use the platform to constantly improve the quality of underwriting decisions. This enables them to say ‘yes’ to borrowers more often and faster. The platform is used by lenders 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. For more information, visit www.scienaptic.ai.

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