Harvard University Employees Credit Union to Deploy Scienaptic AI Platform to Revolutionize Credit Decisioning

NEW YORK - May 30, 2023 - PRLog -- Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Harvard University Employees Credit Union (HUECU) has chosen to implement its AI-powered credit decisioning platform. The credit union aims to enhance and automate its credit decisioning by utilizing Scienaptic's fair, inclusive, and regulatory-compliant AI platform. As part of this deployment, Scienaptic will leverage its existing integration with MeridianLink (Consumer) to enable seamless AI-enabled decisions with greater speed and accuracy.

From its humble beginnings in 1939 by a group of employees of Harvard University for the purpose of providing affordable personal loans to all University faculty and staff, HUECU has evolved and expanded its reach to become a trusted financial services provider to Harvard affiliates, including faculty, staff, students, alumni, and retirees of Harvard University, Harvard teaching hospitals, and affiliated organizations. The Credit Union has over $1.2 Billion in assets and serves over 50,000 members. Through its innovative service, it seeks to deepen its long-standing commitment to housing issues, green initiatives, financial literacy, and access to credit for low and moderate-income borrowers.

"Our credit union's story has always been about finding better ways to meet the needs of more members. Deploying Scienaptic's AI is the next step in this journey, empowering us to better understand our members' financial situations, and provide the appropriate solutions for them," said Tanya Tanaro, VP of Education & Consumer Lending at HUECU. "With Scienaptic's AI platform, we will be able to automate our lending, approve more loans, and make personalized credit decisions that align with our values. This is a huge step forward, and we can't wait to see the positive impact it will have on our members and our community."

Pankaj Jain, President of Scienaptic AI, said, "We are excited to be working with Harvard University Employees Credit Union to boost loan approvals through our industry-leading credit underwriting technology, which will enable them to make faster and better credit decisions while reducing the risk. The HUECU leadership is full of drive and passion and empowering them to help their members achieve their dreams and financial standing gives the Scienaptic team extreme satisfaction and joy!"

About Scienaptic AI

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.

Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai