AI

LSCU Partners with Zest AI

Zest-built models approve 25% to 30% more loans across all credit products without added risk

Offers LSCU & Affiliates powerful new risk models tailored to their markets

Zest AI announced a partnership today with LEVERAGE, the for-profit service corporation for the League of Southeastern Credit Unions & Affiliates (LSCU), to bring Zest’s industry-leading AI lending software to more than 10.4 million members across Alabama, Florida, and Georgia.

LEVERAGE will work with CUNA Strategic Services to facilitate models built with Zest that use thousands of data points and better math than traditional models to more accurately and quickly approve members overlooked by legacy scoring. Credit unions using Zest software achieve five-fold increases in instant-decisioning rates and are more inclusive, drawing on deep insights from credit reports and loan histories.

“This partnership with LEVERAGE is a meaningful opportunity to bring the benefits of AI-driven lending to credit unions of all sizes and across the Southeast,” said Jose Valentin, Senior Vice President of Partnerships at Zest AI. “AI-driven underwriting supports better, more inclusive lending decisions, which is critical to expanding access to more affordable credit.”

LEVERAGE is committed to equipping credit unions with the products and services they need to grow their financial institutions,” stated Steve Willis, President of LEVERAGE. “Credit unions are increasingly being called upon to deliver both fast turnaround and equitable decisions, and Zest has earned the trust of many institutions by delivering significant value on both of these fronts.”

“Credit unions need solutions that help them grow and thrive, but that also help insulate them from higher credit risk and compliance concerns. Zest’s meticulous attention to such needs makes this relationship a powerful tool in helping credit unions lend more effectively, and we’re proud to partner with LEVERAGE to facilitate this impactful change,” says Barb Lowman, President of CUNA Strategic Services.

For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybersecurity, go to AI-Techpark.com.

Related posts

Intellinum unveils Flexi AI

PR Newswire

Dynatrace Named Leader in AI for IT Operations (AIOps) by Forrester

Business Wire

Kerry Burnight, PhD Joins Sensi.AI as Gerontology Expert Advisor

PR Newswire