InRoads Credit Union implements Scienaptic’s AI-powered credit decisioning platform

By Pavithra R

Leading global AI-powered credit decision platform provider, Scienaptic AI has announced that InRoads Credit Union has chosen to implement the firm’s AI-powered platform to enhance its credit decisioning and underwriting capabilities for new and prospective members.

“At InRoads, we believe everyone thrives when we grow together. Deploying Scienaptic’s platform will make it easier for us to enhance credit access for our members. Not only will Scienaptic help us further our commitment to continued growth but, more importantly, it will drive strengthened financial options to support the growth of our valuable members,” said Robin Balza, Chief Lending Officer at InRoads Credit Union.

Founded in 1938, InRoads Credit Union has grown to support members across Columbia, Clatsop, Cowlitz, Multnomah, and Washington Counties. The implementation of Scienaptic’s AI-powered platform positions InRoads to make stronger, faster credit decisions for its members while delivering the best value for lifelong relationships.

“We are excited to help InRoads Credit Union by streamlining and supporting the credit and financing needs of its members. With access to enhanced credit decisioning, InRoads will be able to assist more current and prospective members, increase approval rates and minimize risk, all while building deeper relationships,” said Pankaj Jain, president of Scienaptic.

Founded in 2014, Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning. Its platform Ether Underwrite is creating improvements in higher application approvals (15-40%) and lower credit losses (10-25%) with all the regulatory explainability. The firm uses alternate data, raw trade line-level bureau data and AI to help banks find new credit eligible segments of customers.