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Scienaptic AI and MDT Partner to Empower Credit Unions with AI Underwriting

Author

Slice of Finance Team
06 Feb

Key Highlights:

  • Scienaptic AI and MDT partner to enhance credit unions’ lending capabilities with AI-driven underwriting.

  • MDT’s credit union clients gain access to advanced AI-powered risk assessment and decisioning tools.

  • Partnership aims to improve financial inclusion, enabling more borrowers to access credit without increasing risk.

  • Scienaptic’s AI platform processes over 3M credit decisions monthly, evaluating over $3B in loan applications.

  • MDT supports 100+ credit unions, ensuring technology-driven growth, compliance, and enhanced member services.

Source: Business Wire 

Notable Quotes:

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"We are thrilled to partner with Scienaptic to bring advanced AI capabilities to our credit union clients. This partnership enhances how credit unions serve their members, improving risk management and lending decisions while staying mission-driven."

Pete Major, Vice President, Fintech Solutions at MDT
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"Our partnership with MDT is an important milestone in making AI-powered credit decisioning more accessible to credit unions. We’re excited to drive growth, innovation, and meaningful impact for credit unions and their communities."

Chandan Pal, Chief Marketing Officer at Scienaptic AI

Why This Matters:

This partnership between Scienaptic AI and MDT brings cutting-edge AI-powered credit underwriting to credit unions, enhancing their ability to serve underserved communities while maintaining financial stability. By integrating AI-driven risk assessment tools, credit unions can approve more loans responsibly, fostering economic growth and financial inclusivity. This move positions both companies at the forefront of AI-driven digital transformation in the financial sector, ensuring that credit unions stay competitive in an evolving financial landscape.