Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Revolutionizing Credit Decisions: University of Hawai`i Federal Credit Union Goes Live on Scienaptic AI Platform

By: PRLog

Initial tests show a 5-10% increase in approvals and 50%+ automation

NEW YORK - May 8, 2023 - PRLog -- Leading global AI-powered credit decision platform provider Scienaptic AI announced today that the University of Hawai`i Federal Credit Union is live on Scienaptic's AI-based underwriting platform and experiencing automated and credit decisioning.

During the deployment, Scienaptic's AI platform was seamlessly integrated with University of Hawai`i Federal Credit Union's LOS MeridianLink Consumer. With AI-enabled decision-making processes, UHFCU can now make quicker and more accurate lending decisions, streamlining the entire process. This integration marks a significant milestone for both UHFCU and Scienaptic, as they continue to push the boundaries of what's possible through technology.

Founded in 1955 by 10 university colleagues, the University of Hawai`i Federal Credit Union is a federally chartered credit union with over $800 million in assets that serves over 32,000 members, including the faculty, staff, students, and alumni association members of the University of Hawai`i system statewide as well as their family members.  The credit union has many accolades to its name, such as the "America's Best-In-State Credit Unions" by Forbes Magazine, a finalist for "Hawaii's Best" (three times) by the Star-Advertiser as well as "Best Bank" by the students of the University of Hawai`i.

"As a credit union that's always been driven by innovation and putting our members first, partnering with the right fair, transparent, and regulatory-compliant AI platform is crucial. That's why Scienaptic's cutting-edge underwriting technology resonated with us so deeply," said UHFCU President and CEO Travis Bow. "It's not just about making quick decisions; it's about anticipating our members' needs, empathizing with their unique situations, and delivering personalized solutions that truly make a difference in their lives. With Scienaptic, we're able to live up to the promises our founding members made over 67 years ago - expanding fair and compliant credit access for our deserving members and advancing our mission of empowering our community."

Correspondingly, Pankaj Jain, President and Co-founder of Scienaptic AI expressed his excitement, saying, "Our team is overjoyed to go live with UHFCU. Witnessing the positive impact of our industry-leading underwriting technology on UHFCU's members is truly rewarding. By anticipating their unique needs, enhancing their credit experiences, and expanding access to credit while minimizing risks, we're not only improving their financial well-being, but we're also inspiring other financial institutions throughout Hawai`i to embrace the power of AI technology. It's a proud moment for us to be part of UHFCU's journey towards a brighter future for its members and the community it serves."

For more information, visit http://www.scienaptic.ai

Media Contact
Chandan Pal
***@scienaptic.com

Photos: (Click photo to enlarge)

Scienaptic Logo Travis Bow - President and CEO of UHFCU

Read Full Story - Revolutionizing Credit Decisions: University of Hawai`i Federal Credit Union Goes Live on Scienaptic AI Platform | More news from this source

Press release distribution by PRLog

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SantaClara.com & California Media Partners, LLC. All rights reserved.