Case Study: Numerica Credit Union achieves faster, smarter lending decisions with Scienaptic AI

Numerica Credit Union Transforming Lending with Smart Decisioning

Numerica Credit Union, a large credit union serving Idaho and Washington, faced challenges in its lending process. Their legacy systems relied on limited data, making it difficult to assess thin-file applicants and provide instant, automated loan decisions. They partnered with Scienaptic AI to implement its AI-powered decisioning engine to overcome these hurdles and better serve their members.

Scienaptic AI provided a solution that was fully integrated with Numerica's Temenos loan origination system. By leveraging alternate data and machine learning models, the platform enabled instant, automated underwriting, giving a more complete picture of each applicant. This approach allowed Numerica to safely approve more members. The results included a 27% increase in approvals, a 20% reduction in risk, and 77% automation in decisioning.

Numerica Credit Union

Ken Plank

Chief Lending Officer