Nyenta.com - AERO Financial to Deploy Scienaptic AI for Advanced Credit Underwriting

Trending...

Mike Moyes, President & CEO at AERO Financial

NEW YORK - Nyenta -- Scienaptic AI, a global leader in AI-powered credit underwriting, today announced that AERO Financial, based in Glendale, AZ, has chosen its platform to enhance credit access for its member community. By adopting Scienaptic's AI-powered, regulatory-compliant technology, AERO Financial aims to make faster, smarter credit decisions, streamline processes, and extend lending to underserved members.

Founded in 1957 as Sperry Phoenix Employees Federal Credit Union, AERO was established by a group of aerospace industry workers committed to supporting one another financially. Staying true to its roots in the flight and aerospace sector, AERO has grown steadily over the past six decades and now serves 24,000 members through seven branches across the Phoenix metro area. The credit union remains dedicated to advancing financial and personal prosperity for its members through education, simplicity, and innovation.

"Our responsibility goes beyond offering financial services, we're here to help our members reach new heights in their financial journeys," said Mike Moyes, President & CEO at AERO Financial. "As we look ahead, technology must not only make lending faster, but also more human. Partnering with Scienaptic allows us to combine decades of trust with next-generation intelligence, enabling decisions that are more inclusive, more personalized, and ultimately, more empowering for our community."

More on Nyenta.com

"We are excited to begin the next step in our digital innovation journey bringing the best products and tools available to our members," said Bryce Mortensen, VP of IT at AERO Financial. "Our partnership with Scienaptic is an extension of that belief, bringing in technology that listens, learns, and adapts to each member's story. By leveraging Scienaptic's AI-powered credit decisioning platform, we will increase loan approvals, automate more decisions intelligently, and provide fast and fair access to credit. It's a critical step toward helping individuals achieve financial well-being and, in turn, empowering their journey."

Patrick McElhenie, Chief Growth Officer at Scienaptic AI, said, "AERO Financial's commitment to member well-being and financial access deeply resonates with us. This partnership is about equipping their team with AI tools that support thoughtful, data-driven lending, helping more members get the credit they need when they need it. We're glad to play a role in AERO's journey as they continue serving their community with clarity, care, and innovation."

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say "yes" more often without increasing risk.

More on Nyenta.com

In September 2024, Scienaptic's Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic's deep commitment to the core principle of "people helping people."

The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic's credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years.

For more information, visit www.scienaptic.ai.