Native American-Led Scienaptic AI Wins Multiple Indian Fintech Companies and Wins BIG Innovation Awards 2022



Native American-Led Scienaptic AI Wins Multiple Indian Fintech Companies and Wins BIG Innovation Awards 2022

Scienaptic Systems, a New York-based, AI-powered credit decision-making company founded by Indian American entrepreneur Pankaj Kulshreshtha, has won several Indian fintech deals, including Uni Cards and ZeroPay.

Kulshreshtha, CEO of the company, designed this platform to address outdated credit decision methods that have failed millions of borrowers.

In today’s dynamic environment, lenders need better ways to assess risk, and Scienaptic’s AI-powered credit decision platform offers a compelling solution, the company said in a statement. .

By implementing its technology with Uni Cards, it will enable the fintech company to expand access to credit in India by providing instant decisions to applicants and an efficient process that redefines the way credit is consumed in India.

Nitin Gupta, Founder and CEO of Uni Cards, said, “We see huge white space for innovation and an opportunity to design credit products for a diverse set of customers. Our Pay-later card, Pay 1/3rd, has one of the lowest APLs in the industry. We are delighted to have a partner like Scienaptic to develop us and democratize access to credit.

“We are delighted to help Uni Cards provide a polished application process for its users, said Pankaj Kulshreshtha, CEO of Scienaptic.

“This aligns with our credit expansion mission, and we are proud to support them from day one. Our credit decision platform enables Uni Cards to experiment, test and learn faster and, over time, to create the best decision strategies for their customer segments, balancing growth and profitability.

Scienaptic also helps ZeroPay make accurate credit decisions and limit assignments in the Buy Now, Pay Later (BNPL) segment.

Launched by Acharya Group, ZeroPay is an OTT-based BNPL FinTech startup that seeks to change consumer credit with its cutting-edge technology platform that allows customers to shop anywhere and pay online. Easy EMI at zero interest, zero penalties, and zero late fees. .

“Sciaptic is our strategic partner and helps us to build the right risk dashboards, decision strategy and credit limit based on risk assessment with a platform to execute the decision in real time,” Krishna said. Basani, CEO of ZeroPay.

“This platform will allow us to make lending decisions and approve loans faster and in larger volumes, while managing our risk.”

Recently, IBS Intelligence reported that Scienaptic AI, one of the world’s leading providers of AI-powered credit decision platforms, announced that Montana-based Intrepid Credit Union had chosen its platform for strengthen their credit decisions.

Additionally, Scienaptic AI was named the winner of the 2022 BIG Innovation Awards, presented by the Business Intelligence Group.

Scienaptic enables lenders to continuously improve the quality of their underwriting decisions, allowing them to say “yes” more often and much faster, the company said.

“Our mission is to improve lives and fulfill dreams by bringing more people into a world where credit systems work,” said Pankaj Jain, president of Scienaptic.

“Innovation is the engine of growth in the global economy,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “We are thrilled to honor Scienaptic as they are one of the organizations leading this charge and helping humanity move forward.”

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