Strike Acceptance Chooses Scienaptic's AI-Powered Credit Decisioning Engine

NEW YORK - Jan. 4, 2023 - PRLog -- Leading global AI-powered credit decision platform provider Scienaptic AI announced today that California-based Strike Acceptance, one of the fastest-growing automotive and power sports lenders in the country, has chosen its AI-based underwriting platform to automate and streamline its credit decisioning.

Specializing in non-prime credit, Strike's lending programs are focused on helping customers establish or rebuild their credit. From large franchise dealer groups to smaller local dealers who serve as the bedrock of their communities, Strike's goal is to help sell more cars, trucks, and motorcycles to deserving buyers. The company's distinct lending programs provide their dealer partners a financing channel to sell more vehicles by providing quality financing for their customers.

"Strike Acceptance was built on a foundation of service, respect, and compliance. We believe credit-challenged individuals deserve second chances to build a better tomorrow," said Doug Taylor, Chief Operating Officer of Strike Acceptance. "Scienaptic's AI-powered platform will help us lend deeper, increase approvals and transform the lending experience for thin-file applicants. The platform will provide us with a robust digital foundation to automate our decisioning, increase the speed and scale of our underwriting process and empower us to deliver the exceptional credit experience that our customers deserve."

Pankaj Jain, Cofounder and President of Scienaptic AI, said, "AI-powered underwriting continues to transform the lending landscape. We are excited that using Scienaptic's platform, Strike Acceptance, will take an AI approach to automate their credit decisioning. Our platform will streamline their loan decisioning process, resulting in higher approvals, lower risk, and increased efficiency, helping them continue their path to becoming a premier motor vehicle finance company."

​About Scienaptic AI

Scienaptic AI's mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.

​The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say "yes" more often without increasing risk. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions.

Scienaptic-enabled lenders have processed more than 200 million transactions, benefitting millions of borrowers. For more information, visit http://www.scienaptic.ai.

Media Contact
Chandan Pal
***@scienaptic.com
Photos: (Click photo to enlarge)



Read Full Story - Strike Acceptance Chooses Scienaptic's AI-Powered Credit Decisioning Engine | More news from this source

Press release distribution by PRLog