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BILLINGS FEDERAL CREDIT UNION GOES LIVE WITH SCIENAPTIC’S PLATFORM FOR
INNOVATIVE CREDIT DECISIONING




SCIENAPTIC TO DRIVE FASTER APPROVALS, EXPANDED AUTO-DECISIONING, AND SHARPER
INSIGHTS



GUIDE

INCORPORATING AI INTO STRATEGIC ROADMAPS OF CREDIT UNIONS

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Source:

PR LOG


NEW YORK

Mar 20, 2023

Leading global AI-powered credit decision platform provider Scienaptic AI
announced today that Billings Federal Credit Union is now live on its AI-powered
underwriting platform. As part of the deployment, Scienaptic’s AI platform was
integrated with Billings Federal Credit Union’s Loan Origination System (LOS),
Symitar ELA enabling faster and sharper AI-enabled lending decisions.




Billings Federal Credit Union was established in 1935 as a federally chartered
credit union. In its over 80-year history, it has continued to grow over $197MM
in assets serving over 12,000 members in Yellowstone, Big Horn, and Carbon
Counties, Montana. Billings FCU offers its members a wide range of financial
products and services and focuses on simplifying its members’ lives and helping
them achieve financial success. Scienaptic’s platform is enabling the credit
union to automate and streamline its credit decisioning.




"80 years on and our commitment to exceptional financial services remains
unshakeable," said Tom Boos, CEO of Billings Federal Credit Union. "With the
deployment of Scienaptic’s platform, we're not only setting the bar higher but
also propelling ourselves into the future of financial services. By automating
and streamlining our lending decisions, we are focusing on the complex loan
applications of underserved members. This technological leap is a crucial
chapter in our story, and we're ready to serve our members better than ever
before."




“We are thrilled that Billings FCU is now live on our platform and using AI to
automate their loan decisions and provide access to necessary financial
assistance to its members,” said Pankaj Jain, Cofounder and President of
Scienaptic AI. “Our platform is highly intuitive and is helping the credit union
transform credit decisioning, serve the underserved and minimize risk
simultaneously.”




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

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Scienaptic Systems Inc.
50 West 47th Street, Ste. 1614, New York, NY, 10036
Ph: +1 212 244 4030

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contactus@scienaptic.com

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