Jana Small Finance Bank (Jana SFB) has partnered with Scienaptic AI to launch Jana Bank’s Used Car Loan product.
By leveraging Scienaptic’s advanced AI scorecards, Jana SFB will be able to expand its retail lending presence and deliver faster, smarter, and more inclusive auto financing solutions, while maintaining strong risk controls and portfolio.
Headquartered in Bengaluru, Jana SFB has been steadily expanding as a full-service bank, serving salaried professionals, entrepreneurs, self-employed individuals, and small businesses through a robust mix of digital and physical banking.
Since becoming a scheduled commercial bank in 2018, Jana SFB has grown to operate 809 outlets across 23 states and 2 union territories, serving over 12 million customers.
Known for its customer-centric approach and digital-first mindset, the bank has consistently introduced innovative financial products tailored to diverse customer needs, including the launch of its used car financing segment.
Commenting on the partnership, Pradeep Rebello, Business Head – Vehicle Loans, Jana Small Finance Bank, said, “Used cars are becoming the first set of wheels for millions of Indians – young professionals, new families, and business owners. With Scienaptic AI-driven scorecards, we can extend credit faster and more responsibly, while enhancing customer experience and maintaining superior portfolio quality. This partnership enables us to strengthen our retail lending business and serve evolving customer needs.”
Joydip Gupta, Head of APAC at Scienaptic AI, added, “We are excited to support Jana Bank in their next chapter of growth. Our AI-driven scorecards have been continuously refined with machine learning and market validation, helping banks launch new products confidently while managing portfolio risk. This partnership exemplifies how AI/ML technology can empower financial institutions to expand responsibly, reaching more customers with innovative credit solutions.”
Ramnath Sivasubramanian, EVP, Head of BI & Analytics, Jana Small Finance Bank said, “At Jana, data-driven decisioning is at the core of how we innovate for our customers. Scienaptic AI enables us to harness richer data and advanced machine learning to launch new products quickly, deliver accurate credit decisions, and provide faster turnaround times for our customers.”
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