R.I.A. Federal Credit Union Goes Live With Scienaptic's Platform

NEW YORK - Amzeal -- Leading global AI-powered credit underwriting platform provider Scienaptic AI, announced today that R.I.A. Federal Credit Union has implemented its AI-based underwriting platform and is now live. This deployment is significantly streamlining the credit union's underwriting process, leading to an increase in approval rates and a notable enhancement in the member experience. Importantly, all these advancements have been achieved while ensuring fairness, inclusivity, and compliance with regulatory standards, which are integral to Scienaptic's AI platform.

Headquartered in Bettendorf, Iowa, R.I.A. Federal Credit Union has been serving members of its community for 90 years. Today, the credit union stands as a full-service financial institution, offering a comprehensive range of financial services to meet the diverse needs of its members. With a membership base surpassing 40,000, the credit union's mission is to build long-lasting authentic relationships with its members by serving their unique financial needs.

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"Our members are at the core of everything we do, and we are fully committed to improving their financial well-being," said Kristel Stopoulos, Vice President of Consumer Lending at R.I.A. Federal Credit Union. "With Scienaptic's platform now live, we're better equipped to support our members at every stage of their journey. Their AI-powered decisioning engine is helping us streamline underwriting, approve more loans, and manage risk responsibly. This technology is not just improving efficiency, it's allowing us to create a better lending experience for our members and strengthen our connection with the community we serve."

Eric Steinhoff, EVP of Client Impact at Scienaptic AI, shared, "It's exciting to see R.I.A. Federal Credit Union live on our platform, leveraging AI to streamline loan underwriting and deliver crucial financial support to its members. Our platform's intuitive design is enabling the credit union to reimagine credit decisioning - serving more members, including those underserved by traditional underwriting methods, while maintaining a strong focus on managing risk effectively. This deployment reflects the transformative power of AI in advancing financial inclusion and strengthening member relationships."

About Scienaptic AI

Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say "yes" more often without increasing risk.

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In September 2024, Scienaptic's Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic's deep commitment to the core principle of "people helping people."

The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic's credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years.

For more information, visit www.scienaptic.ai.