Home Credit union Billings Federal Credit Union Chooses Scienaptic’s AI-Powered Platform to Improve Credit Decision-Making

Billings Federal Credit Union Chooses Scienaptic’s AI-Powered Platform to Improve Credit Decision-Making

By Edlyn Cardoza


  • Federal Billings Credit Union
  • Compliant
  • Credit decision platform

Scienaptic AI, a leading global provider of AI-powered credit decision platforms, announced that Montana-based Billings Federal Credit Union has chosen to implement the decision platform Scienaptic’s AI-powered credit card. The credit union aims to lend deeper, increase automation, and make advanced credit decisions through Scienaptic’s fair, inclusive, and compliant AI platform.

Pankaj Jain, President of Scienaptic AI, said, “We are thrilled to announce that Billings Federal Credit Union has selected our AI-based credit decision platform. Our platform will help them increase approvals and access to credit in the Montana community and strike the right balance between growth and risk management.

Billings Federal was established in 1935 as a federally chartered credit union. In its 80 year history, they have reached $189 million in assets serving over 11,000 members in Yellowstone, Big Horn or Carbon Counties, Montana. Billings Federal offers its members a wide range of financial products and services and aims to make life easier for its members and help them achieve financial success. Scienaptic’s platform will allow the credit union to streamline credit decisions and increase approvals and automation.

“We have served our members for over 80 years and want to continue to strive to improve the quality of life of our members by providing the best financial services,” said Tom Boos, CEO of Billings Federal Credit Union. “Sciaptic’s platform will automate and streamline our decision-making, increase credit approvals, and provide our underwriters with a powerful tool to increase efficiency and focus on complex loan applications. Additionally, the platform will help us better understand our members, make personalized lending decisions, and provide an exceptional credit experience. »

Recently, IBS Intelligence reported that Scienaptic announced that RV Depot is now live on its credit underwriting platform. This deployment allows the RV lender to streamline and automate their credit underwriting process and improve the customer experience.

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