Texas Bay Credit Union Collaborates with Scienaptic to Leverage Its AI-Powered Platform for Better Credit Decision-Making


NEW YORK–(BUSINESS WIRE)–Scienaptic AI, the world leader in AI-based credit decision platforms, today announced that Texas Bay Credit Union has chosen its credit decision platform. The collaboration will help the credit union make stronger lending decisions and improve the member experience.

Texas Bay Credit Union was established in 1936 with a mission to be a trusted partner to its members and to provide tailored financial options that match their financial dreams. The credit union believes in finding solutions through innovation to meet the changing needs of its members. Using Scienaptic’s credit decision platform, Texas Bay will automate its loan decision process and provide an improved customer experience.

“For 86 years, through good times and bad, we have always been there for our members, with traditional technology resources at our fingertips,” said Syed Dinar, executive vice president and chief financial officer, Texas Bay Credit. Union. “But Scienaptic AI’s Credit Decision Platform will improve our lending decision and provide predictive intelligence that goes beyond traditional dashboards. The platform will allow us to reduce lending risk and increase our approval rating. It aligns with our philosophy of never saying “I can’t”.

Accordingly, Pankaj Jain, President of Scienaptic AI, said, “We are delighted to be working with Texas Bay Credit Union and offering our industry-leading credit underwriting platform. Our adaptive artificial intelligence technology will allow the credit union to serve more members, offer more loans and improve the member experience without increasing risk. »

About Scienaptic

Scienaptic is on a mission to increase the availability of credit by transforming the technology used in credit decision making. Over 150 years of credit experience is built into Scienaptic’s native AI-powered credit decision platform. Our clients from banks, credit unions, fintech and other lenders use the platform to constantly improve the quality of underwriting decisions. This allows them to say “yes” to borrowers more often and faster. The platform is used by lenders with assets exceeding $100 billion, enabling them to process more than $22 billion in credit decisions, benefiting more than two million credit union members and million borrowers at banks, car lenders and online. For more information, visit http://www.sciaptic.ai.

About Texas Bay Credit Union

The Texas Bay Credit Union was established on May 12, 1936 as the Houston Sinclair Refinery Employees’ Credit Union. The credit union serves its members by using their net income for lower interest rates, higher dividends on deposits, low fees, while offering many products and services such as credit cards, loans, checks, savings options and online banking for both. personal and business needs. Texas Bay succeeds by maintaining a secure financial position, increasing membership growth and maintaining a high level of member satisfaction. For more information, visit www.texasbaycu.org.

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