“Casca’s flagship customers – Live Oak Bank, the nation’s leading U.S. Small Business Administration SBA 7(a) lender by dollar volume, Huntington National Bank, the nation’s largest originator, by volume of SBA 7(a) loans, and Bankwell Bank, Casca’s first customer – all invested. Bankwell, Y Combinator, and Peterson Ventures, a renowned investor in the vertical SaaS…
Tag: ai lending
Picatinny Federal Credit Union Taps Scienaptic’s AI-Powered Credit Underwriting Platform
“Leading global AI-powered credit decision platform provider Scienaptic AI announced that Picatinny Federal Credit Union has chosen to implement Scienaptic’s credit decisioning platform. This deployment will enable Picatinny Federal Credit Union to streamline and automate its credit underwriting process, increase approvals and enhance the member experience.” https://finance.yahoo.com/news/picatinny-federal-credit-union-taps-120000116.html
5 applications of Artificial Intelligence that are disrupting the banking sector
“Artificial Intelligence enables banks to manage record-level high-speed data to receive valuable insights. Moreover, features such as digital payments, AI bots, and biometric fraud detection systems further lead to high-quality services for a broader customer base. Artificial Intelligence comprises a broad set of technologies, including, but are not limited to, Machine Learning, Natural Language Processing,…
Can Artificial Intelligence Jeopardize Bank Loan Growth?
“Using artificial intelligence and automation to digitize and upgrade banking processes is the new imperative for banks and credit unions. They have come to realize that becoming truly digital institutions requires much more than offering a mobile banking app, or turning paper files into digital files. Digital transformation requires a much more comprehensive approach. To…
A New Low Risk Approach to AI for Consumer Lending
“SymphonyAI has taken a new approach with their EurekaAI suite of solutions. Instead of AI for data scientists, EurekaAI solutions put analytics driven insights directly into the hands of business analysts and decision makers. EurekaAI allows both data scientists and “power users” in the business, or “citizen data scientists,” to explore complex datasets and build…