Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

SECU To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform

by uma
Editorial & Advertiser disclosure


Initial tests show potential for 19% more approvals, 22% reduced loss rate and 80% auto-decision rate

NEW YORK – May 10, 2022 – Leading global AI-powered credit decision platform provider, Scienaptic AI announced that SECU (State Employees’ Credit Union of Maryland) is planning to implement its AI-powered credit decisioning platform. The deployment, scheduled for later this year, will enhance and augment SECU’s credit decisioning and underwriting capabilities for new and prospective members.

SECU began operations in October 1951 in the hallway of the Miller Building in downtown Baltimore. Its first member was the late Governor Theodore R. McKeldin. In January 1952, SECU made its first loan – for $180. Thanks to the enthusiastic response by state employees, membership and services grew, and SECU was able to open its first official office in Spring 1953. Today, SECU is Maryland’s largest credit union with 25 branches throughout Maryland, Virtual Financial Center and 50,000+ free ATMs. It is a full-service financial institution serving over 250,000 members and managing over $4 billion in assets.

“We lead with our hearts – our vision remains to make a positive contribution to the financial well-being of those we serve,” said Kevin Kesecker, EVP and Chief Administrative Officer at SECU. “In Scienaptic AI we have found a partner whose mission, vision and culture uniquely align with ours. Through the deployment of the Scienaptic AI platform, we will be able to approve more credit at lower loss rates, make faster credit decisions and offer solutions that help our members achieve financial well-being. It will strengthen our member relationships, support their financial needs and enhance their experience.”

“We are driven to improve the financial lives of members SECU serves through credit empowerment and personalized decisions,” said Pankaj Jain, Co-founder and President of Scienaptic AI. “In our shared passion to WOW members and exceed their expectations, we feel privileged that our AI will help increase credit access and support SECU members in fulfilling their dreams.”

You may also like