NEW YORK - eTradeWire -- Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Paramount Capital Group, LLC. has chosen Scienaptic's AI-based underwriting platform to automate and streamline its credit decisioning and expand its customer base.

​Since 1997, Paramount Capital Group has provided alternative financing for career schools, technical schools, and training providers. They have established innovative solutions, allowing educational institutions to offer an education to individuals with lower or limited credit histories. Leveraging Paramounts years of origination, servicing, collection, and compliance expertise, the Company has expanded to provide servicing for consumer lending companies. Using Scienaptic's AI platform, Paramount Capital Group can make AI-based advanced loan decisioning, increase loan approvals and credit access, for accounts that the company purchases and services.

More on eTradeWire News

• L-Strategies political and business consulting firm launched by partners Angie Wong and Jared Craig with Donna and Stan Fitzgerald
• YMCA of the Rockies Hosts 8th Annual Mountaineering Weekend Celebrating Accessibility of Safe Spaces in the Outdoors for All
• UPS Launches Services at Neighborhood Parcel Authorized Shipping Center In Tewksbury MA
• One Of The Late Coolio's Final Interviews Shows Up Online With Tons Of Good Stories
• KDG Wins Best Place to Work Honors

​"Paramount Capital Group is committed to providing innovative and accessible financial products," said Ryan Paul, CEO and Co-founder of Paramount Capital Group. "We were looking for a platform that would provide us with automation, innovation, and personalized credit decisioning, and Scienaptic AI was the perfect fit. The platform enables us to consider each individual applicant as a person with a unique story, not an impersonal credit score. We are proud of the impact we create in the community, and Scienaptic's platform will help us amplify the impact through more approvals, lower risk, and the ability to serve more deserving consumers!"

​Correspondingly, Pankaj Jain, President and Co-founder of Scienaptic AI, said, "We are thrilled to have the opportunity to work with Paramount Capital Group on their mission of providing students with a new opportunity to receive the education they need for a meaningful career. The impact of a credit-challenged student receiving the credit they deserve is far-reaching, and we feel blessed to be a part of this journey."

About Scienaptic

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. Visit http://www.scienaptic.ai

More on eTradeWire News

• Used Black 2018 Volkswagen Tiguan for Sale!
• Zilker Partners Expands Recruiting and Digital Marketing Services to Keep Pace with Changing Business Climate
• Enter to Win This Concours-Restored 1971 Dodge Demon 340!
• DCOTA in Dania Beach Signs Seven Leases Totaling More Than 25,000 Square Feet (Update)
• Dental Tourism is on the Rise and This Dental Hygienist is Providing the Consultations

About Paramount Capital Group

Founded in 1997, Paramount Capital Group is a specialty finance company that has grown to become a trusted leader in tuition financing and consumer loan servicing for career, trade, and technical schools.

Leveraging PCG's years of underwriting, process, collection, licensing and compliance expertise, the Company has expanded to provide servicing for consumer lending companies. Many consumer lenders and capital providers are struggling to find a reliable loan servicer that can deliver an exceptional customer experience. We provide compliant, customized, data-driven solutions designed for a superior borrower experience that ensures maximum portfolio performance.

For more information, visit http://www.paracap.com