Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Nymbus, a premier provider of cloud-based financial technology solutions, has chosen its platform to deliver AI-powered credit decisioning to its clients. The deployment will enable Nymbus bank and credit union clients to enhance and automate their credit decisioning by utilizing Scienaptic’s fair, inclusive, and regulatory-compliant AI platform.
Nymbus equips financial institutions with a modern core platform and a fast track to offering services for small businesses. Leveraging cloud-based technology, Nymbus enables banks and credit unions to remain agile, scale with efficiency, and seize fresh market opportunities. Whether launching a digital brand or augmenting existing channels, Nymbus sets the stage for long-term success in capturing new customer segments.
“Credit, like many segments of the financial services industry, is currently experiencing a disruptive phase. Scienaptic’s AI-powered credit underwriting platform will empower our bank and credit union clients to achieve various lending objectives, including portfolio growth, enhanced risk assessment, regulatory compliance, personalized loan products, and the cultivation of more robust customer relationships,” said Aubry Anderson, Vice President – Lending Solutions at Nymbus. “At Nymbus, our focus is on driving tangible technological advancements in the financial sector. We’re excited to integrate Scienaptic’s credit decisioning platform into our offerings, widening its reach among banks and credit unions, and anticipating a significant positive impact on the communities they serve.”
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Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic’s AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.
SOURCE: Businesswire