Case Study: a Buy Here Pay Here Dealer achieves faster, better lending decisions with Scienaptic AI

How BHPH Lender Transformed its Decisioning Process with AI

The customer, a Buy Here Pay Here dealer in Florida, faced challenges in its credit decisioning process, which relied heavily on bureau data and simple rules. To support its growth and better serve its subprime customer base, the dealer needed more comprehensive data, AI-driven models tailored to its needs, and automation for its manual underwriting process. They turned to vendor Scienaptic AI and its AI-driven lending platform for a solution.

By implementing Scienaptic's intelligent decisioning cloud, the dealer automated its lending process, seamlessly integrated multiple data sources, and utilized explainable AI models. This solution from Scienaptic AI led to a 73% gain in automated approvals, a 27% increase in its overall approval rate, and a 13% decrease in its default rate, significantly expanding access to credit for underserved segments.