Scienaptic AI, a provider of AI-powered credit decisioning, has announced a strategic integration partnership with DigiFi, a leader in automated digital lending solutions.
Both companies are renowned for their innovations in the financial sector, Scienaptic AI for its advanced credit decisioning capabilities, and DigiFi for its automated lending system efficiency.
The essence of this partnership lies in integrating Scienaptic AI’s sophisticated AI-powered signals into DigiFi’s loan origination system. This integration aims to streamline the lending process, making it more efficient and accessible, while also enhancing the borrower experience with personalized loan offerings and faster approval times.
Scienaptic AI has been instrumental in transforming credit decisioning technology. They assist credit unions, banks, and FinTechs in improving their underwriting decisions, thus enabling broader credit access, especially for underbanked and underserved individuals. DigiFi, on the other hand, offers a next-generation loan origination system that automates the delivery of consumer lending products, driving improved customer experiences and reducing operating costs.
This collaboration is set to revolutionize the lending sector. DigiFi clients will now have access to Scienaptic’s AI-powered signals, allowing them to automate lending decisions, approve more loans, and increase credit availability. This integration is expected to boost loan approval rates by 15-40% and provide a more unbiased lending process.
Scienaptic-enabled lenders have processed over 300 million transactions, benefiting millions of borrowers. The collaboration between Scienaptic AI and DigiFi represents a significant step towards more accessible and fair credit systems globally.
DigiFi CEO and Co-Founder Joshua Jersey said, “DigiFi is dedicated to empowering lenders to provide digital access to credit that impacts people’s lives, and we love how Scienaptic is helping lenders expand who they can serve.
“The integration of both platforms is an exciting opportunity to bring Scienaptic’s AI-powered credit signals to our clients. As a result, our clients will have the opportunity to incorporate AI into their lending process and make smarter, automated decisions. In addition, this partnership will enhance their borrowers’ experience, increase approvals and expand access to credit.”
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