The technology and data framework used for credit management is over 30 years old, currently dominated by FICO and Credit Bureaux. The timing is now right to fundamentally disrupt the way consumer credit is administered. Our platform Ether Underwrite is creating industry leading improvements in higher application approvals (15-40%) and lower credit losses (10-25%) with all the regulatory explainability (model explainability, FCRA compliant adverse action reasoning and SR 11-7 compliance). Scienaptic uses alternate data, raw trade line level bureau data and AI to help banks find new credit eligible segments of customers.
Monday, April 12, 2021 Scienaptic Systems
Lending in Unpredictable Times: Best Practices For Lenders in a Post-COVID World
COVID's impact on the credit market has been adverse, and many financial institutions are seeking new ways to grow lending revenue without adding risk. Discover key strategies for unlocking growth opportunities as the market recovers from the recession.