First Community CU Adopts Scienaptic AI for Smarter Lending

Scienaptic AI, a global leader in AI-powered credit decisioning, today announced that First Community Credit Union, based in Houston, Texas, has chosen its platform to enhance credit access for its members. The credit union is adopting Scienaptic AI-powered, regulatory-compliant technology to support its goals of making faster, smarter lending decisions, streamlining credit processes, and extending lending opportunities to underserved members. First Community Credit Union has served Texas communities for more than 70 years with a mission...

Affirm Expands Partnership with New York Life for Loans

Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with New York Life, America’s largest1 mutual life insurance company. Under the expanded agreement, New York Life will purchase Affirm’s installment loans on a forward-flow basis between now and December 2026, with an outstanding amount of up to $750 million. This provides off-balance-sheet funding that can support approximately $1.75 billion in annual consumer loan volume,...

Ant Group Boosts AI, Tokenization & Global Payments in HK

Eric Jing, Chairman of Ant Group, reaffirmed Ant’s commitment to deepening cross-sector collaboration on regulated AI and tokenization innovation in the territory, and to expanding its cross-border payment and trade financing services to support Hong Kong’s initiative to help Chinese businesses go global. Speaking on a panel with Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, and Fred Hu, Founder, Chairman and CEO of Primavera Capital Group at the 10th annual Hong...

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