Case Study: Automobile Acceptance Corporation achieves 42% automated approval gains with Scienaptic AI

Unlocking Subprime Potential AI-Driven Lending for a US-based Auto Lender

Automobile Acceptance Corporation (AAC), a US-based auto lender specializing in subprime borrowers, faced the challenge of needing to expand its lending to underserved segments. They sought to use alternative data alongside traditional credit scores to gain a holistic view of applicants and automate their manual underwriting processes to reduce decision time. They partnered with Scienaptic AI and its AI-enabled credit underwriting platform to achieve these goals.

Scienaptic AI implemented its platform to provide seamless, end-to-end automation of AAC's credit decisioning. The solution integrated via a single API and used adaptive AI algorithms to analyze both bureau and alternative data, which helped identify more creditworthy applicants. This allowed AAC to safely increase its automated approval rates by 42% and significantly decrease its decisioning turnaround time.

Automobile Acceptance Corporation

Paul Dacus

Chief Risk Officer and Head of Indirect Auto Lending