Scienaptic AI, a leading provider of AI-powered credit decisioning, announced that Patriot Federal Credit Union has selected its platform to enhance real-time fraud and anomaly detection to tackle the challenges of identity theft and synthetic identity fraud.
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With the help of Scienaptic AI platform, Patriot Federal Credit Union aims to deploy a deeply integrated fraud and loan underwriting engine. This integrated engine aggregates multiple data sources and deploys cutting-edge machine learning and anomaly detection algorithms to create a powerful signal to detect fraud. Early detection of fraud is already yielding significant savings in fraud losses for Scienaptic clients.
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“Fraud is fast-moving and increasingly complex, especially with synthetic identities becoming harder to spot,” said Tricia Wareham, Senior Vice President of Consumer Lending at Patriot. “We needed a solution that could act in real time without creating unnecessary friction. With FraudShield by Scienaptic AI, we’re proactively identifying threats, reducing false positives, and maintaining the seamless experience our members expect. It’s a critical step in modernizing our fraud defense.”
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“FraudShield is designed to stop fraud before it starts, without slowing down genuine members,” said Eric Steinhoff, EVP, Client Impact at Scienaptic AI. “By using real-time AI and behavioral signals, our platform helps credit unions detect anomalies early, reduce operational strain, and confidently approve more members. This partnership with Patriot reflects our shared commitment to secure, inclusive, and data-driven financial services.”
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Source : PRnewswire