Sunday, April 14, 2024
HomeMember NewsLAUNCHER.SOLUTIONS and Scienaptic AI Partner to Provide Advanced AI-Powered Credit Underwriting to...

LAUNCHER.SOLUTIONS and Scienaptic AI Partner to Provide Advanced AI-Powered Credit Underwriting to Lenders

Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”) and Scienaptic AI have announced their full integration for mutual lending clients to make more advanced lending decisions by incorporating AI-powered underwriting signals within Launcher’s appTRAKER Loan Origination System (“LOS”).

Integrating appTRAKER and AI-powered signals will enable financial institutions to automate their lending, approve more loans, and increase credit availability. The partnership will increase the adoption of AI for lending and give more members access to fair credit.

appTRAKER LOS was designed for auto lenders, banks, fintechs, and credit unions requiring a more intelligent and efficient way to consume data during the origination process, resulting in a stronger and more profitable portfolio. With this new partnership, lenders using appTRAKER LOS have full access to all AI-powered signals and recommendations provided by Scienaptic AI. These AI-powered underwriting signals integrate seamlessly within appTRAKER’s processes and workflows to provide lenders with multiple benefits including added flexibility, increased risk management, and automation capabilities for the entire lending process.

To quote Nikh Nath, President of Launcher, “This new integration allows lenders to identify qualified loan applicants easier and quicker, while flagging high-risk scenarios, and providing a more holistic risk assessment. Integrations like this with Scienaptic AI are invaluable to our lenders and our platform.”

Pankaj Jain, Cofounder and President, of Scienaptic AI, cited, “Our partnership with Launcher removes the integration hurdles that have prevented lenders from implementing AI. This partnership will increase the adoption of AI and allow more consumers to access credit.”

Scienaptic AI’s advanced AI-powered underwriting platform has many benefits for Launcher’s lenders, from increasing acceptance rates to providing more informed, fair, and inclusive decisions. Their approach allows lenders and financial institutions to attract prospects that were previously off the map and underwrite profitably for a previously underserved market. appTRAKER LOS promotes the utilization of Scienaptic AI’s signals in conjunction with custom lending authority built around these metrics for maximum lending flexibility.