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WyHy Federal Credit Union chooses Scienaptic for AI-powered credit decision-making

NEW YORK–()–The leading AI-powered credit decision disruptor, Scientific AI today announced that Federal Credit Union WyHy selected its AI-based credit decision platform. This implementation will allow the credit union to get stronger and faster loan approvals, reaching more potential borrowers, while minimizing risk and improving the member experience.

Originally formed in 1953 to serve the needs of the Wyoming Department of Transportation and other select employee groups, WyHy has grown to become the fourth largest credit union in the state with nearly 20,000 members. Now open to all Wyoming communities, WyHy provides leading banking and financial services and products with a dedication to member satisfaction and economic responsibility. The deployment of Scienaptic’s platform will position the credit union to deliver improved credit decisions, helping to increase loan and credit availability for current and potential members.

“Our founding members believed in ‘people helping people’, and with changing times, we have the right and duty to innovate to provide our members with the best financial services and products,” said George Selitto, Director loans for WyHy Federal Credit Union. “Sciaptic’s loan decision technology that uses artificial intelligence to make advanced and faster loan decisions is the right path for our goal of maximizing member satisfaction and providing better credit accessibility to people across the country. Wyoming!”

“We are thrilled to partner with WyHy and bring our revolutionary credit decision technology to its members,” said Pankaj Jain, President of Scienaptic. “By leveraging Scienaptic’s adaptive AI technology, WyHy will be able to deliver more approvals at a faster rate, while delivering an exceptional 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 integrated into Scienaptic’s AI-powered native 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 over $100 billion, enabling them to process more than $22 billion in credit decisions, benefiting more than 2 million credit union members and million borrowers at banks, car lenders and online.

For more information, visit www.sciaptic.ai.