NEW YORK–(BUSINESS WIRE)–Leading global AI-powered credit decision platform provider Scienaptic AI announced that Bobby Mehta has teamed up with Scienaptic as an investor and advisor. Bobby Mehta, former President, CEO, and Board member of TransUnion, brings decades of corporate leadership experience and a distinguished history of advising global businesses.
Bobby Mehta brings a unique blend of financial sector know-how and growth strategy expertise. Prior to joining TransUnion, he served as CEO of HSBC North America Holdings and led BCG’s North American financial services practice. He is a Board Member of several firms and advises companies on data, risk technology and strategy.
“Bobby is a forward-thinking, visionary leader who has implemented advanced technology to solve pressing challenges in financial services. At Scienaptic, we are fortunate to have the benefit of his expertise and wisdom as we scale and pursue our mission of making credit more accessible,” said Pankaj Kulshreshtha, CEO of Scienaptic. “We’re excited to welcome him to Scienaptic, and we hope to pass on some of his rich experience to our clients through our AI-native credit decisioning platform.”
“I admire Scienaptic’s vision and leadership in using AI to transform lives and promote financial inclusion,” said Bobby Mehta. “I am thrilled to partner with Scienaptic and collaborate with a values-driven company constantly looking for new ways to drive credit expansion.”
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.
Scienaptic-enabled lenders have processed more than 200 million transactions, benefitting millions of borrowers.
For more information, visit http://www.scienaptic.ai