Innovation

Patriot Federal Credit Union selects Scienaptic AI for underwriting

Photo: Adobe Stock

February 20, 2024

Patriot Federal Credit Union, based in Pennsylvania, Maryland and West Virginia, selected Scienaptic AI to provide its AI-powered credit underwriting platform. With this tool, the credit union can improve the quality and speed of underwriting by automating multiple processes while meeting regulatory requirements, according to a press release.

"In Scienaptic, we see a partner whose mission, vision and culture uniquely align with ours. With Scienaptic's AI-powered credit underwriting platform, we will be able to better serve members offering them the finest credit experience. Scienaptic's AI will automate and personalize loan decisions allowing us to enhance credit access and offer a delightful experience to every member," Tricia Wareham, SVP of consumer lending at Patriot, said in the release.

"Our adaptive AI technology is poised to amplify the credit union's mission— helping members reach their financial goals, expanding member reach, facilitating more loans and enhancing the overall member experience. We are embarking on a journey that resonates with the pulse of our times, meeting the evolving demands of members and creating an inclusive financial future for all," Pankaj Jain, president of Scienaptic AI, said in the release.