Credit unions using Zest software achieving five-fold increases in instant-decisioning rates
More inclusive loan approvals draw on deep insights from credit reports and loan histories in markets served
Zest AI announced a partnership today with the Kentucky Credit Union League and the Nebraska Credit Union League to bring Zest’s industry-leading AI lending software to members across both states.
Chosen as CUNA Strategic Services’ exclusive alliance provider in 2021, Zest AI facilitates models that use thousands of data points and better math than traditional national models. This approach safely approves more members overlooked by legacy scoring, achieving 25% to 30% higher approvals with no added risk.
“Transparent AI-driven lending technologies permit fairer, more accurate and compliant lending activity, all of which will have a significant impact across Nebraska and Kentucky,” says Jose Valentin, Senior Vice President of Partnerships at Zest AI. “Bringing these tools to members across these leagues will enrich lives by expanding fair access to more affordable credit.”
“Zest has proven success in delivering value, and this partnership represents an opportunity to both do well and do good at the same time – a win-win for both consumers and credit unions alike,” says Scott Sullivan, President of the Nebraska Credit Union League.
“We’re continually working to demonstrate our ongoing commitment to promoting and empowering inclusive access, while ensuring our members have access to high-quality products and services that meet their needs,” says Debbie Painter, President of the Kentucky Credit Union League. “Joining forces with Zest AI achieves exactly that.”
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