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Team One Credit Union Selects Scienaptic AI to Streamline Underwriting, Approve More Members, and Expand Credit Access

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Team One Credit Union - Scienaptic AI
NEW YORK - eTradeWire -- Leading global AI-powered automated credit underwriting platform provider Scienaptic AI, announced today that Team One Credit Union, a Michigan-based credit union with a strong commitment to innovation, has chosen to implement its AI-powered credit decisioning platform. The credit union aims to streamline its credit underwriting process by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform.

Founded in 1935 by a group of dedicated teachers, Team One Credit Union has experienced remarkable growth over its nearly 90-year history. Since its humble beginnings, the credit union has steadily expanded its asset base, loan portfolio, and branch network while continuously introducing new services and technologies to better serve its members. This impressive trajectory is a testament to the unwavering commitment of Team One's Board of Directors and dedicated staff, who have volunteered their time and expertise to ensure the institution's long-term success.

Today, serving over 51,000 members across the entire state of Michigan, Team One recognized the need for a modern and efficient solution to further enhance its underwriting process. Seeking to leverage more data, sophisticated algorithms, and automation, the credit union found the ideal partner in Scienaptic's AI-powered platform.

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"As we embrace digital solutions to meet our members' evolving needs, we remain committed to providing a personalized and accessible credit experience," said Nancy Davis, VP of Lending at Team One Credit Union. "Scienaptic's AI platform aligns perfectly with our values by streamlining the process, enabling us to approve more members, especially those underserved. This implementation will remove barriers to credit, unlocking financial potential for a diverse spectrum of members. Together, we're building a future where responsible credit empowers not just our members, but strengthens our entire community."

"At Scienaptic AI, we're thrilled to join forces with Team One Credit Union," said Pankaj Jain, Cofounder and President. "Our AI-powered platform unlocks credit access for countless members, and with Team One Credit Union, we'll empower even more dreams to come true. Our technology enables fast, regulatory-compliant, and personalized credit approvals, minimizing risk while maximizing member experience. Together, we're not just transforming lending; we're unlocking financial possibilities and fueling a wave of aspirations and successes for their members."

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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
Chandan Pal
***@scienaptic.com


Source: Scienaptic AI
Filed Under: Software, Banking, Financial

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