10.5 C
London
Monday, April 15, 2024
HomeAITeachers Federal Credit Union partners Corridor Platforms for credit decisioning tech

Teachers Federal Credit Union partners Corridor Platforms for credit decisioning tech

Date:

  • Teachers Federal Credit Union has partnered with Corridor Platforms, a New Jersey-based software startup, to enhance its decision management and credit risk capabilities.
  • The New York-based credit union, with $9.7 billion in assets, will adopt Corridor Platforms’ digital decisioning platform, leveraging generative AI and deep learning models to automate the credit decision process.
  • The partnership aims to drive cost effectiveness, automate analytics and reporting, and provide personalized experiences for Teachers Federal Credit Union’s members.
  • Corridor Platforms, founded in 2017, previously launched a “Decisioning-as-a-Service” offering in collaboration with investors EXL Service and Oliver Wyman in 2022.

Related stories

UK’s antitrust enforcer sounds the alarm over Big Tech’s grip on GenAI

The U.K.’s competition watchdog, Competition and Markets Authority (CMA),...

ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more

Mimo:Raised £15.5 million led by Northzone. Plans...

Pomelo Group names Steve Vickers as new CEO

New CEO Appointment:Pomelo Group, a payment infrastructure...

Former PayPal chief Dan Schulman joins Valor Capital as managing partner

New Appointment:Dan Schulman, former president and CEO...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img