ORLANDO, Fla., and LOS ANGELES, Calif., January XX, 2021 – Addition Financial Credit Union, with more than $2 billion in assets and 155,000 members across Florida, today announced it has partnered with Zest AI, a leader in software for AI-driven lending, to expand credit access safely to more members.
“At Addition Financial, we’re always looking for ways to give our members more and Zest’s software gives us the ability to say yes more often to members across the credit spectrum and across all our consumer lending products,” says Miriam Mitchell, Senior Vice President of Lending at Addition Financial.
Zest software lets credit unions and banks of any size capture the benefits of AI-driven lending: more accuracy, and faster and more automated decisions. Addition Financial’s new Zest models, tailored to its business, will boost approvals 40% with no added risk by drawing on the insights of thousands of standard credit bureau variables, up from the 30 or so used by legacy scores.
“We love the way Addition Financial invests to better serve its community. AI will drive wider credit access to more of its members,” said Mike de Vere, CEO of Zest AI. “And faster approvals will create the positive experience Addition’s members have known for years.”