Truliant will use Zest AI software to update its loan underwriting platform


Zest software for creating credit card, car and personal loan templates

WINSTON-SALEM, North Carolina, May 5, 2022 /PRNewswire/ — Truliant Federal Credit Union today announced its partnership with Zest AI, an artificial intelligence-based platform, to determine the creditworthiness of consumer loan products.

Zest AI is a credit union service organization, or CUSO, that uses artificial intelligence and machine learning in the loan underwriting process to quickly assess risk. Its lending platform can provide near real-time approval using conventional and new data sources, dramatically reducing the time it takes to make lending decisions.

“Zest AI’s software will help more of our community access affordable loans, a top priority for Truliant. We are thrilled to work with a company like Zest who shares our passion,” said Alice Stevens, Vice President of Credit Administration. “It adds an extra layer of sophistication to our lending models and creates a faster lending experience that gives us a lot more data to pull in to make creditworthiness decisions.”

As more credit unions harness the power of AI, Truliant believes the Zest AI platform will give it a more holistic view of borrowers, allowing it to more confidently score new borrowers or those without. formal credit history – and to provide more loans in underserved communities.

“Credit unions want to help their members efficiently. Better risk models automate decisions so people get loans faster,” said Mike deVere, CEO of Zest AI. “I am thrilled to partner with the team at Truliant to provide affordable credit to deserving families looking to build a stronger financial foundation.”

Zest AI enables credit unions to go beyond legacy credit scoring methods to provide a more accurate picture of borrower risk by harnessing the power of machine learning to safely approve loans and rapidly. The models built by Zest rely on knowledge of thousands of credit variables.

About Truliant Credit Union

Truliant is a mission-driven, not-for-profit financial institution that promises to always have the best interests of its member-owners at heart. It improves lives by providing financial advice and affordable financial services. Truliant was chartered in 1952 and now serves over 280,000 members. Truliant has more than 30 member financial centers in North Carolina, Caroline from the southand Virginia.

About Zest AI

Zest AI software helps lenders make better decisions and better loans, which increases revenue, reduces risk and automates compliance. Zest AI was founded in 2009 with a mission to make fair and transparent credit accessible to everyone and today is the leader in software for more inclusive underwriting. The company is headquartered in Los Angeles, California. Learn more about and join us on Twitter at @Zest_AI or Zest AI Preview Blog.

Contact: [email protected]



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