Interior Savings Credit Union Partners with JUDI.AI to Transform its Small Business Loan Portfolio

[Vancouver, B.C., Canada – December 3, 2020]: Interior Savings Credit Union (“Interior Savings”), one of Canada’s leading credit unions, 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 Interior Savings members to easily apply for a small business loan in real-time, anytime, anywhere and on any device.

“As we looked to grow our lending portfolio and continued our investment in modern technology platforms,” said Cliff Ehnes, Vice President of Commercial Services at Interior Savings, “we determined that JUDI.AI met our criteria for automated underwriting due to the platform’s ability to significantly reduce our loan processing times for small business, as well as its ease-of-use for our internal stakeholders. Our investment in JUDI.AI has come at a strategic time as we believe this platform will help us achieve our business goals of growing our small business loan book, while prioritizing the needs of our members through better customer experience and faster decisioning on their applications.”

”We are excited to expand new channels for credit unions across Canada,” says Gord Baizley, CEO of JUDI.AI. “Our platform delivers an automated digital solution for Interior Savings to lend more to small businesses with less risk.”

With JUDI.AI, Interior Savings 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
• 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 Interior Savings: is the largest credit union based in the Interior of B.C. with assets nearing $2.6 billion. Through its 21 branches, 16 insurance offices, Member Service Centre, and two Commercial Services Centres, the Credit Union offers personal and commercial banking and a full range of insurance and wealth management services to members in 14 communities.