VyStar to Use Zest AI Software for Faster and Better Credit Decisions for Its 675,000 Members

Zest AI, the leader in artificial intelligence software for credit, announced today that VyStar Credit Union, one of the nation's largest and most innovative credit unions, will be the first credit union to use Zest Automated Machine Learning software (ZAML) to generate faster, more accurate and better-priced loan decisions for its 675,000 members. VyStar's adoption of ZAML signals the growing use of AI-powered underwriting across the financial industry as institutions of all sizes embrace technology to compete more effectively in credit markets. ZAML-built models use as much as 100 times more data and advanced machine learning math to determine borrower risk with greater accuracy, allowing VyStar to approve creditworthy members quickly and at attractive terms without increasing its overall portfolio risk. "Credit unions are always looking for new ways to better serve their members. With an agile technology partner like Zest AI, we're advancing to the front ranks of data-driven lending," said Jenny Vipperman, Chief Lending Officer at VyStar, which earlier this year created a $10 million fund for investing in fintech companies looking to partner with credit unions to deliver innovative solutions.