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The technology and data framework used for credit management is over 30 years old, currently dominated by FICO and Credit Bureaux. The timing is now right to fundamentally disrupt the way consumer credit is administered.
Our platform Ether Underwrite is creating industry leading improvements in higher application approvals (15-40%) and lower credit losses (10-25%) with all the regulatory explainability (model explainability, FCRA compliant adverse action reasoning and SR 11-7 compliance). Scienaptic uses alternate data, raw trade line level bureau data and AI to help banks find new credit eligible segments of customers.
Our platform Ether Underwrite is creating industry leading improvements in higher application approvals (15-40%) and lower credit losses (10-25%) with all the regulatory explainability (model explainability, FCRA compliant adverse action reasoning and SR 11-7 compliance). Scienaptic uses alternate data, raw trade line level bureau data and AI to help banks find new credit eligible segments of customers.
Overview
Location
United States, New York
Employees
51-200
Founded date
2014
Mentions in press and media 21
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 5, 2024 | Patriot Federal Credit Union Embraces AI Innovation with Scienaptic AI for Underwriting Transformation | Leading global AI-powered automated credit underwriting platform provider, Scienaptic AI, announced that Patriot Federal Credit Union has chosen to implement its AI-powered credit underwriting platform. The credit union aims to streamline i... |
| Jan 17, 2024 | BHPH Lending Enhanced: Six Dealers Boost Growth with Scienaptic AI and MagiLoop | The Scienaptic & MagiLoop Partnership is Making Car Ownership Accessible for All Scienaptic AI, the world’s leading AI-powered credit underwriting platform provider, announced that six Multi-Rooftop Dealers on the Magiloop ecosystem are... |
| Jan 3, 2024 | Scienaptic AI Partners With DigiFi to Provide Advanced Credit Scoring | Scienaptic AI, a leading global AI-powered credit decision platform provider, announced its integration partnership with DigiFi, the financial industry’s leading platform for automated digital lending. With this integration, DigiFi clients ... |
| Dec 18, 2023 | Scienaptic AI and SentiLink Strengthen Partnership, Advancing AI-Powered Fraud Detection Capabilities | A Game-Changer in Preventing Multimillion-Dollar Losses for Lenders Scienaptic AI, the leading AI-powered credit underwriting platform provider, and SentiLink, the leading identity verification and fraud detection solutions provider, are ex... |
| Oct 13, 2023 | Nymbus Leverages Scienaptic’s AI Platform to Supercharge Credit Decisioning for Clients | Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Nymbus, a premier provider of cloud-based financial technology solutions, has chosen its platform to deliver AI-powered credit decisioning to its clie... |
| Jun 27, 2022 | Class Act Federal Credit Union Goes Live With Scienaptic’s AI Platform to Strengthen Auto and Consumer Loan Portfolios | "We are proud to be offering an industry leading underwriting technology to fulfill the personal financial needs of our local educational community,” said Stephen Green, Vice President of Lending at Class Act Federal Credit Union. NEW ... |
| Jun 23, 2022 | OnTap Credit Union® to Deploy Scienaptic’s AI-Powered Credit Underwriting Platform | "When we met with the Scienaptic team, we realized that our goals were truly aligned, i.e. enabling fair, transparent lending for members," said Tracie Wilcox, CEO of On Tap Credit Union NEW YORK (PRWEB) June 23, 2022 Leading glob... |
| Dec 23, 2021 | Avail Finance Goes Live with Scienaptic's Decisioning Engine to Power Credit Decisions | NEW YORK (PRWEB) December 23, 2021 Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Avail Finance has gone live on its credit decisioning platform. The implementation is helping Avail Finance to enh... |
| Nov 1, 2021 | Levo Credit Union Selects Scienaptic’s AI-Powered Credit Decisioning Platform to Enhance Loan Approvals and Member Experience | Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan ... |
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FAQ about Scienaptic AI
When was Scienaptic AI founded?
Scienaptic AI was founded in 2014.
What has the press written about Scienaptic AI?
Parsers VC has collected 21 articles mentioning Scienaptic AI, among them “Patriot Federal Credit Union Embraces AI Innovation with Scienaptic AI for Underwriting Transformation” (Feb 5, 2024) and “BHPH Lending Enhanced: Six Dealers Boost Growth with Scienaptic AI and MagiLoop” (Jan 17, 2024).
Is Scienaptic AI still active?
Yes, Scienaptic AI is active; its latest activity on Parsers VC dates from Sep 10, 2024.