Case Study: a credit union boosts approvals and cuts losses with Scienaptic AI

Reviving lending growth for a Credit Union using AI

A leading credit union faced a challenge with a low 25% manual approval rate and significant financial losses. Seeking growth, they partnered with Scienaptic AI to increase automation and underwriter efficiency while safely expanding their lending.

Scienaptic AI implemented a bolt-on solution that integrated with the credit union's existing system, deploying a smarter adaptive AI score. By leveraging rich alternative data from LexisNexis, Scienaptic was able to identify creditworthy applicants that traditional FICO scores missed. This resulted in a 35% increase in approval rates, 100% automation, and a 50% reduction in losses, generating $70 million in incremental loans.