The American Fintech Council (AFC) has announced the addition of Scienaptic AI as its newest member. Scienaptic AI, a provider of AI-powered credit underwriting platforms, will join other fintech innovators to enhance consumer services and regulatory compliance.
“Scienaptic AI is making loan underwriting more transparent, equitable, and compliant by eliminating traditional underwriting challenges and setting a new standard across the industry,” said Phil Goldfeder, Chief Executive Officer of AFC. “They are redefining underwriting and credit risk assessment, particularly for underserved populations. We are excited to welcome Scienaptic to AFC and work together on initiatives that put consumer needs at the center of our financial system.”
Vinay Bhaskar, COO of Scienaptic, expressed enthusiasm about the partnership: “We are thrilled to join forces with AFC and are eager to work together to champion policies that promote financial inclusivity and innovation. Our mission is to provide the most advanced AI-powered underwriting technology to financial institutions on the frontlines of lending within their own communities. This is achieved by seamlessly integrating more data into decision-making processes, utilizing advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. We thank the American Fintech Council for their tireless support and advocacy on behalf of responsible innovators changing the status quo and we look forward to collaborating with the growing membership.”
AFC represents major financial technology companies and innovative banks. Its mission includes promoting a transparent, inclusive, and customer-centric financial system through responsible innovation in financial services.
Scienaptic AI aims to increase global credit availability by transforming credit decisioning technology. Their platform assists various financial institutions in improving underwriting decisions' quality and speed while ensuring compliance with regulatory requirements such as Fair Lending.
For further information about Scienaptic AI’s services, visit http://www.scienaptic.ai