US-based Barksdale Federal Credit Union (FCU) has selected Scienaptic AI, an artificial intelligence (AI)-driven credit underwriting platform provider, to expand credit access for the former’s member community.
By leveraging Scienaptic AI’s regulatory-compliant AI platform, Barksdale FCU will be able to make better risk predictions and automate decisions. The credit union will also deliver more inclusive lending to its members.
Scienaptic AI is focused on driving credit availability around the world by transforming the technology used in credit decisioning.
The firm’s AI native credit decisioning platform is utilised by credit unions, auto lenders, banks, and fintechs to enhance the quality and speed of their underwriting decisions.
Scienaptic AI president and cofounder Pankaj Jain said: “It’s thrilling to see Barksdale Federal Credit Union embracing our platform. This adoption positions them to enhance the member experience significantly, make AI-driven, compliant loan decisions, and manage risk effectively.”
Established in 1954, Barksdale FCU initially aimed to support military and civilian personnel at Barksdale Air Force Base in Bossier City, Louisiana.
The firm currently caters to the base’s members and their families while expanding its services to more than 1,000 companies, associations, and churches. It is said to serve over 164,000 members.
Barksdale FCU has more than $2.2bn in assets. The firm is said to be Louisiana’s largest locally-owned credit union and extends its services to Texas and Arkansas through over 30 branches.
Barksdale Federal Credit Union CEO Patrick Gullatt said: “Adopting Scienaptic AI marks a pivotal moment in our journey. This platform aligns perfectly with our mission, enhancing our ability to provide personalised decisions and greater credit access to our members.
“It will also empower our dedicated underwriting team with a powerful AI to boost efficiency and tackle complex loan applications. With Scienaptic AI, we look forward to a more enriching and impactful financial journey for our entire member community.”
Earlier this year, Scienaptic AI forged an integration partnership with automated digital lending platform DigiFi to offer advanced credit scoring. The alliance aimed to enable DigiFi clients to smoothly access Scienaptic’s advanced AI-powered signals for lending.
