Trending...
- Mayor Mike Spano Appoints Karen T. Beltran to Yonkers City Court
- Rochester: Statement of Mayor Malik D. Evans on the Passing of Minister Franklin D. Florence
- New Rochelle: Extreme Cold Coming- Take Care!
NEW YORK - Nyenta -- Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Financial Resources Federal Credit Union has chosen to implement its AI-powered credit decisioning platform. The credit union aims to lend deeper, increase automation and make advanced credit decisions through Scienaptic's fair, inclusive, and compliant AI platform.
Financial Resources Federal Credit Union headquartered in Bridgewater, New Jersey, has been in business for over 100 years. Formerly the Ethicon Employees Federal Credit Union formed by a group of Johnson & Johnson employees FRFCU is now one of the largest Credit Unions in New Jersey with $550 million in assets. The Credit Union offers a variety of financial products and services to over 26,000 members in the communities of the greater New Brunswick/Somerset, NJ area. Scienaptic's platform will enhance the credit union's loan decisioning capabilities and is scheduled to be deployed in Spring 2023.
More on Nyenta.com
"We have served our members for over a century, and we want to continue to expand the availability of quality products and services to those who do not have fair and equitable access. Scienaptic's AI-powered credit decisioning platform will automate and streamline our underwriting processes and give our underwriters the time they need to focus on complex loan applications. FRFCU looks forward to providing increased credit decisioning for credit availability to further FRFCU's mission to better serve the financially underserved." said Frank Almeida, President & CEO of FRFCU.
Pankaj Jain, Cofounder and President of Scienaptic AI said, "We are delighted that Financial Resources Federal Credit Union has selected our AI-powered credit decisioning platform to serve their members. Our industry-leading platform will help FRFCU to empower underserved members with better and instant access to credit and an exceptional member experience. Financial Resources FCU will be able to make personalized credit decisions for each member and enhance the financial well-being of the community of New Jersey."
More on Nyenta.com
About Scienaptic AI
Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
Scienaptic-enabled lenders have processed more than 200 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai
Financial Resources Federal Credit Union headquartered in Bridgewater, New Jersey, has been in business for over 100 years. Formerly the Ethicon Employees Federal Credit Union formed by a group of Johnson & Johnson employees FRFCU is now one of the largest Credit Unions in New Jersey with $550 million in assets. The Credit Union offers a variety of financial products and services to over 26,000 members in the communities of the greater New Brunswick/Somerset, NJ area. Scienaptic's platform will enhance the credit union's loan decisioning capabilities and is scheduled to be deployed in Spring 2023.
More on Nyenta.com
- MarketAxess to Participate in Upcoming Institutional Investor Conferences
- Naturally New York Hosts First Retail Pitch Day in Partnership With Fairway Market
- Balance Point Capital Advisors, LLC announces the addition of four new hires across its investment and finance teams
- IDC MarketScape Names Medidata a Leader in Life Science R&D Risk-Based Monitoring Solutions Vendor Assessment
- IISE announces leadership election results
"We have served our members for over a century, and we want to continue to expand the availability of quality products and services to those who do not have fair and equitable access. Scienaptic's AI-powered credit decisioning platform will automate and streamline our underwriting processes and give our underwriters the time they need to focus on complex loan applications. FRFCU looks forward to providing increased credit decisioning for credit availability to further FRFCU's mission to better serve the financially underserved." said Frank Almeida, President & CEO of FRFCU.
Pankaj Jain, Cofounder and President of Scienaptic AI said, "We are delighted that Financial Resources Federal Credit Union has selected our AI-powered credit decisioning platform to serve their members. Our industry-leading platform will help FRFCU to empower underserved members with better and instant access to credit and an exceptional member experience. Financial Resources FCU will be able to make personalized credit decisions for each member and enhance the financial well-being of the community of New Jersey."
More on Nyenta.com
- Brian Lottermann Promoted to Agent at Universal Attractions Agency
- Custom Engraved Firefighter Coins Make A Great Retirement Gift
- New Rochelle: Join the Citizen Police Academy
- The Greendot Films: Emerging as a Leader in Film Production Despite Pandemic Challenges
- 16 Handles Partners with Ketnipz to Launch New Flavor and Host Pop-Up Event
About Scienaptic AI
Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
Scienaptic-enabled lenders have processed more than 200 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai
Source: Scienaptic AI
0 Comments
Latest on Nyenta.com
- Tax Professionals Can Now File 1099's and 1098's Electronically with ez1099 Software Quickly and Accurately
- 360 Scholarships to Accelerate Sustainability Education for Young Women Worldwide USA - English USA - English India - English
- GOLDMAN SACHS SHAREHOLDER NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Goldman Sachs To Contact Him Directly To Discuss Their Options
- Buy Percocet 10mg Online Overnight Delivery
- SILVERGATE DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Silvergate Capital Corporation and Encourages Investors to Contact the Firm
- STOCKHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of AlerisLife Inc. - ALR
- Texas Automotive Lift & Equipment Distributor chooses Employees Ownership
- KBRA Assigns Preliminary Ratings to LAD Auto Receivables Trust 2023-1
- Pyxus Announces Expiration and Final Results of its Previously Announced Exchange Offer and Consent Solicitation
- Rochester: "R-Connect" Community Resource and Employment Fairs
- New Rochelle: Registration Begins for 2023 Citizen Police Academy
- "Light of Man" Award-Winning Documentary Proves Einstein Theory
- SmartMetric, the Maker of Biometric Credit Cards, Updates Its Manufacturing Timetable
- New Rochelle: Registration Begins for 2023 Citizen Police Academy
- Owen A. O'Connor, M.D., Ph.D., is recognized by Continental Who's Who
- Yonkers Mayor Spano Presents School Spotlight Award to PEARLS Hawthorne School
- Medidata Experts Present New Insights on Risk-Based Quality Management, Decentralized Clinical Trials, and Real World Data at SCOPE Summit
- TCS Named to World's Most Admired Companies List by FORTUNE® Magazine
- Focused Wealth Management's Anthony DiCapua joins the Board of Directors for SUNY Orange Foundation & Alumni Engagement
- Rochester: — City Offers Morning R-Center and Library Hours Due to Extreme Cold