Credit Unions

CUNA CSS Selects Zest AI As Alliance Partner For AI-Driven Lending

Zest AI team

June 2, 2021

News flash: The credit union movement is adopting AI as fast, if not faster, than traditional banks for the essential task of automating and improving credit decisions for its members. And today we're excited to announce that CUNA Strategic Services has selected Zest AI as its newest alliance provider for AI-powered credit underwriting software.

"Zest software’s ability to leverage machine learning (ML) to expand credit safely and efficiently is a huge benefit to credit unions across the country." - Barb Lowman, President, CUNA Strategic Services

CUNA Strategic Services' goal is to help credit unions find new, innovative products and services to integrate into their operations. The CSS-Zest collaboration will allow credit unions turnkey access to Zest's industry-leading solutions to make better underwriting streamlined, member-friendly and fast.

“Zest software’s ability to leverage machine learning (ML) to expand credit safely and efficiently is a huge benefit to credit unions across the country,” said Barb Lowman, President, CUNA Strategic Services, in a release today. "We’re excited to bring on Zest as our newest strategic alliance partner.”

“We are honored that CSS has selected Zest as the preferred ML underwriting provider for credit unions,” said Jose Valentin, head of corporate development at Zest AI. “We believe deeply in the credit union mission and opening up greater opportunities to the communities that credit unions are dedicated to serving.”

Zest software helps credit unions go beyond the statistical and data limitations of traditional credit scores to identify more good borrowers and fewer bad ones. Credit unions that lend with Zest software have seen, on average, a 15% increase in approval rates with no added risk by using more loan data and the advanced math of machine learning (ML). Check out our recent white paper, A Lender's Roadmap to AI Adoption.

By delivering a far more accurate risk prediction, Zest-built models allow credit unions to be more consistent and efficient in the delivery of credit products and services, driving far higher levels of automation. Zest’s patented fair lending tools automate the search for less discriminatory lending models, helping credit unions deliver on their mission to deepen their role in the communities they serve.

Request a tailored demo today

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Read also:

Answers To Legit Concerns Credit Unions Have About AI Lending

For Credit Unions, The Time For Automation Is Now


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