Scienaptic AI, a prominent international provider of AI-powered funds decision platforms, has recently forged a partnership with DigiFi, a leading automated digital lending platform in the financial sector. This collaboration enables DigiFi’s clients to access Scienaptic’s state-of-the-art AI-powered lending signals seamlessly.
Through this integration, borrowers can look forward to a streamlined lending process with easy access to tailored loan offers. By incorporating DigiFi’s mortgage origination system and Scienaptic’s AI-powered signals, financial institutions can enhance their financing management, increase loan approvals, and expand funding availability for their members. This strategic partnership not only facilitates broader access to favorable credit terms for more members but also promotes the utilization of AI in lending practices. Lenders leverage the signals provided by ScienapticAI to enhance acceptance rates while mitigating risks, resulting in a substantial 15 to 40% increase in approval rates for customers. Moreover, the program brings about a significant boost in automated decision-making and reduces bias across different customer segments.
DigiFi offers a cutting-edge mortgage origination program to lenders, credit unions, financial institutions, and fintech companies. Their cloud-based platform enhances customer experiences and reduces operational costs by enabling the automated online distribution of various consumer financing products through a unified system. Established in 2017, DigiFi operates in both the US and Europe.
Joshua Jersey, the CEO, and co-founder of DigiFi, expressed his commitment to empowering borrowers by providing online access to credit that positively impacts individuals’ lives. He praised Scienaptic for enabling creditors to expand their service reach and emphasized the value of integrating Scienaptic’s AI-powered payment signals into their systems. This collaboration presents a promising opportunity for clients to leverage AI in their financing processes, enabling smarter and automated decision-making. Additionally, it promises to enhance borrower experiences, increase approval rates, and broaden credit accessibility.
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Pankaj Jain, the co-founder, and chairman of ScienapticAI expressed great enthusiasm about the partnership with DigiFi, highlighting the elimination of inclusion barriers that hinder creditors from adopting AI. This collaboration is expected to drive the adoption of AI technology, expanding credit accessibility to a larger population. By encouraging financial institutions to make more informed and prompt product decisions, this partnership aims to foster a culture where more individuals can access credit opportunities.
