[Vancouver, B.C., Canada – November 5, 2020]: Sunova Credit Union (“Sunova”), announced today that in partnership with JUDI.AI, it has launched a digitally automated lending solution for small business banking members. The JUDI.AI solution enables current and prospective Sunova members to easily apply for a small business loan in real-time, anytime, anywhere and on any device.
“As we looked to streamline and modernize our small business lending process,” said Chad Willis, Chief Experience Officer at Sunova, “it was important that we find a solution that would improve the experiences of both members and staff – while properly managing risk exposure. We found JUDI.AI to be that solution.”
”We are excited to expand new channels for credit unions across Canada, and to help them in their missions as member-centric organizations” says Gord Baizley, CEO of JUDI.AI. “Our platform delivers an automated digital solution that will enable Sunova to lend more to small businesses with less risk.”
With JUDI.AI, Sunova will be able to:
- Shorten lending processes from weeks to minutes with real-time credit analysis and decisioning;
- Securely gain access to banking transactions, providing in-depth data insights into business operating cashflow metrics and risk indicators; and
- Expand its small business loan book while maintaining risk tolerance levels.
About JUDI.AI: JUDI.AI is a financial technology company based in Vancouver, Canada. The company’s trusted automated underwriting platform has fundamentally simplified the traditional lending process for financial institutions by transforming how loans are processed for small business customers. Backed by powerful machine learning technology, the company’s credit decisioning engine augments business rules to drive automation of commercial lending processes, while reducing risk to financial institutions.
About Sunova: Incorporated in 1955, Sunova is a vibrant, innovative, and friendly full-service financial institution dedicated to providing exceptional member experiences. With 14 branches and over $2.3 billion in assets, Sunova serves over 48,000 members throughout Winnipeg and rural Manitoba.