Case Study: a New Hampshire auto lender achieves 70% more approvals with Scienaptic AI

How a Subprime Auto Lender Transformed Its Underwriting Process

A New Hampshire-based auto lending finance company was using traditional underwriting methods that were manual and slow, leading to delayed loan decisions for customers. Seeking to expand credit access, they needed to increase approval rates and automate their lending process with a more precise, objective way to evaluate creditworthiness. They partnered with Scienaptic AI to implement its AI decisioning platform to address these challenges.

Scienaptic AI provided a seamless, end-to-end automation solution integrated with the lender's system via a single API. Their platform utilized alternative data sources to build a more complete picture of applicant risk, which allowed for better identification of creditworthy individuals. The solution from Scienaptic AI resulted in a 70% increase in auto-approvals and a 16% reduction in losses for the auto lender.