Payments

Scienaptic AI partners with DigiFi for automated lending

January 15, 2024

Scienaptic AI, a credit decisioning platform provider, partnered with DigiFi to provide automated lending through its AI-powered signals and DigiFi's loan origination system. With this solution, credit unions will be able to give more members fair credit rates, with a 15%-40% increase in approval rates, according to a press release.

The integrated solution will also help reduce bias against protected groups.

"DigiFi is dedicated to empowering lenders to provide digital access to credit that impacts people's lives, and we love how Scienaptic is helping lenders expand who they can serve," Joshua Jersey, CEO and co-founder of DigiFi, said in the release. "The integration of both platforms is an exciting opportunity to bring Scienaptic's AI-powered credit signals to our clients. As a result, our clients will have the opportunity to incorporate AI into their lending process and make smarter, automated decisions. In addition, this partnership will enhance their borrowers' experience, increase approvals and expand access to credit."