Pankaj Kulshreshtha, Founder and CEO of Scienaptic, joined us on the show to share his insights on the current state of AI's impact on credit underwriting.
Pankaj addressed why the standard credit scoring approach of the past is not keeping up to help lenders effectively offer loans while mitigating risk, as the traditional FICO scoring doesn't always tell the whole story these days.
He also talks about how credit unions can help more borrowers while still protecting themselves and growing their portfolios, as well as how AI can create better credit decisioning for credit unions.
Lastly, Pankaj discusses one of the goals on how this better credit decisioning increases financial inclusion for both borrowers and lenders.
Super fascinating talk here with Pankaj. Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.