Scienaptic and MDT Partner to Bring AI-Driven Lending to Credit Unions

MDT clients can now access advanced AI capabilities for smarter, more inclusive lending

NEW YORK--(BUSINESS WIRE)--Scienaptic AI, a leader in AI-powered credit underwriting, today announced a strategic partnership with MDT. This partnership is set to empower credit unions utilizing MDT’s solutions with advanced AI-driven underwriting capabilities, enabling more inclusive lending while enhancing operational efficiency and member service.

MDT is a trusted partner for credit unions, enabling them to navigate complex financial technology ecosystems. As a host of the Symitar® core processing system from Jack Henry™, MDT provides credit unions with access to an extensive suite of tools and solutions that drive growth, competitiveness, and digital transformation. Serving over 100 credit union clients, MDT is known for its commitment to client service, security, and compliance, ensuring its partners are equipped to remain institutions of choice for their members.

"We are thrilled to partner with Scienaptic to bring advanced AI capabilities to our credit union clients," said Pete Major, Vice President, Fintech Solutions, MDT. "This partnership is an opportunity to enhance how credit unions serve their members, offering tools that improve risk management and lending decisions. Together, we’re enabling credit unions to better navigate the evolving financial landscape while staying true to their mission of member-focused service."

"Our partnership with MDT is an important milestone in making AI-powered credit decisioning more accessible to credit unions," said Chandan Pal, Chief Marketing Officer at Scienaptic AI. "Scienaptic’s AI platform is designed to help credit unions expand their lending capabilities, improve risk precision, and deliver a superior member experience. Together with MDT, we’re excited to drive growth, innovation, and meaningful impact for credit unions and their communities."

This partnership underscores MDT and Scienaptic’s shared vision of empowering credit unions with advanced technology to support their mission of providing financial inclusion and exceptional member service.

About Scienaptic

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.

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.

About MDT

MDT helps credit unions navigate complex financial technology ecosystems, ensuring they remain institutions of choice for members. In addition to hosting the Symitar core processing system from Jack Henry™, MDT offers access to a wide range of solutions to run the institution, providing credit unions with the tools and solutions they need to compete and grow. Leading with a commitment to client service, security and compliance, MDT supports over 100 credit union clients with cloud-environment solutions, robust consulting solutions and solutions that enable effective digital transformation. With MDT, credit unions across the country are more effectively accessing and implementing technology, ultimately boosting efficiencies, enhancing member service and staying ahead of the curve. Visit mdtmi.com or follow @memberdriven for more information.