Louisiana’s Largest Credit Union, Barksdale Federal Credit Union Selects Scienaptic’s AI-powered Credit Underwriting Platform
2024年8月6日 - 9:15PM
ビジネスワイヤ(英語)
Scienaptic AI, a leading global provider of AI-powered credit
underwriting platforms, announced today that Louisiana-based
Barksdale Federal Credit Union, serving over 164,000 members, has
selected its platform to expand credit access for its member
community. Scienaptic’s regulatory-compliant AI platform will
enable Barksdale FCU to make sharper risk predictions, automate
decisions, and offer more inclusive lending to its members.
Founded in 1954, Barksdale Federal Credit Union was established
to serve military and civilian personnel at Barksdale Air Force
Base in Bossier City. While continuing to support the men and women
of the base and their families, Barksdale Federal now serves over
1,000 companies, associations, and churches. Committed to enhancing
the economic well-being of its members, including those of modest
means, Barksdale Federal's foundation remains as crucial today as
it was in 1954. With assets surpassing $2.2 billion, it stands as
Louisiana's largest locally-owned credit union and proudly serves
Texas and Arkansas through over 30 locations.
"Reflecting on Barksdale FCU’s 70 years of serving our
community, creating meaningful products, and growing together, I’m
reminded of the values that inspired our founding and continue to
guide us today,” said Patrick Gullatt, CEO of Barksdale Federal
Credit Union. “Adopting Scienaptic AI marks a pivotal moment in our
journey. This platform aligns perfectly with our mission, enhancing
our ability to provide personalized 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."
Pankaj Jain, President and Cofounder of Scienaptic AI, 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. We’re deeply moved by the credit
union’s commitment to the 'people helping people' ethos, a mission
that mirrors our own values. The commitment of esteemed
institutions like Barksdale FCU to financial inclusion through AI
underscores the profound impact our technology will have in
creating a brighter, more equitable future for all."
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 400 million
transactions, benefitting millions of borrowers. For more
information, visit http://www.scienaptic.ai
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version on businesswire.com: https://www.businesswire.com/news/home/20240806793136/en/
Media Contact Chandan Pal Chief Marketing Officer
chandan@scienaptic.com Scienaptic AI