Powering Ahead: Tower Federal Credit Union Goes Live on Scienaptic's AI-Powered Credit Decisioning Platform
Initial tests indicate opportunity to approve more members through sharp, flexible, and automated decisioning
By: Scienaptic AI
Established in 1953 and headquartered in Laurel, Md., Tower Federal Credit Union has grown to be the largest federal credit union in Maryland with over $4 billion in assets and more than 200,000 members worldwide providing a full array of financial products and services. The deployment of Scienaptic's AI-powered platform is enabling the credit union to significantly enhance a member's digital experience through instant loan decisioning and higher approvals.
"For 70 years, Tower Federal Credit Union has been dedicated to sound money management, prudent lending practices, superior service, and untiring innovation,"
"We are delighted that Tower Federal Credit Union is now live on our platform and our technology is helping them automate credit decisioning and enhance the member experience,"
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.
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.
Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai