Connect with us

Hi, what are you looking for?

SentiLink and Scienaptic Partner To Prevent Fraud

Partnership brings together industry leaders in origination fraud and credit decisioning to prevent millions of dollars of fraud losses for financial institutions

Nov. 22, 2022 / PRZen / NEW YORK — Scienaptic, the world’s leading AI-powered credit decision platform provider, announced its partnership with SentiLink, the leading provider of identity verification and fraud detection solutions. This alliance will enable Scienaptic to tap SentiLink’s application fraud solutions to help Financial Institutions (FIs) minimize fraud risk in their credit decisioning process without compromising customer experience.

Founded in 2017, SentiLink is a leader in identity verification and fraud detection technology. Their suite of identity solutions review consumer data provided at the point of account origination and return scores, attributes, and critical insights indicating the likelihood that an application is fraudulent. By combining proprietary data and deep insight into fraud and identity, SentiLink’s unique approach and innovative products help manage risk, reduce fraud, and approve more good customers faster.

“We are excited to partner with Scienaptic to help the many credit unions, auto lenders and other financial institutions on their platform mitigate risk and make smarter loan decisions,” said Naftali Harris, co-founder and CEO of SentiLink. “Combined with our solutions that stop identity theft and synthetic fraud at the point of application, this partnership will allow FIs to confidently approve more customers without adding friction to the lending experience.”

“Our partnership with SentiLink is part of our ongoing commitment to transforming the technology used in credit decisioning, said Pankaj Jain, President and Co-founder of Scienaptic. “SentiLink’s technology paired with our AI platform is a holistic approach to underwriting that harnesses data from multiple systems to generate predictive signals that mitigate credit and fraud risk, streamline decisioning and result in more approvals for deserving borrowers.”

About SentiLink

SentiLink, the leader in identity verification technology, provides financial institutions and fintechs with best-in-class solutions to prevent synthetic fraud, identity theft, and emerging forms of first-party fraud, as well as access to the eCBSV SSN verification service. Founded in 2017 by Naftali Harris and Max Blumenfeld, creators of the risk and fraud systems at Affirm, SentiLink has raised $85M to date from investors including Andreessen Horowitz, Craft Ventures, and NYCA Partners, among others.

About Scienaptic

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.
​For more information, visit http://www.scienaptic.ai

Follow the full story here: https://przen.com/pr/33485838

Written By

You may also like:

World

US President Joe Biden delivers remarks after signing legislation authorizing aid for Ukraine, Israel and Taiwan at the White House on April 24, 2024...

World

AfD leaders Alice Weidel and Tino Chrupalla face damaging allegations about an EU parliamentarian's aide accused of spying for China - Copyright AFP Odd...

Business

Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels" - Copyright AFP SEBASTIEN BOZONJulie JAMMOTFacebook-owner Meta on...

Business

Tony Fernandes bought AirAsia for a token one ringgitt after the September 11 attacks on the United States - Copyright AFP Arif KartonoMalaysia’s Tony...