Point Predictive landed relationships with individual credit unions recently with Affinity Federal Credit Union and Valley Strong Credit Union each tapping the service provider that leverages artificial intelligence to fight against fraud.

Last week, Point Predictive waded deeper into the credit-union market, announcing a new partnership with Sync1 Systems, a leading loan origination platform for credit unions.

On Sept. 5, the integration of Point Predictive’s AutoPass into Sync1 Systems’ platform went live, processing applications through the system.

Point Predictive highlighted AutoPass is compliant with both the Fair Credit Reporting Act and the Gramm-Leach-Bliley Act, allowing the automation of loan application decisions to increase capture rates by 40% to 50% while simultaneously reducing losses by 40% to 50%.

AutoPass is designed to addresses the growing $8 billion auto-finance fraud problem by revealing hidden risks in applications, empowering credit unions to reduce losses and automate approvals.

By leveraging data from more than 230 million auto-finance applications, Point Predictive said AutoPass can help credit unions reduce losses by up to 50% while also decreasing friction for their lowest-risk members by waiving unnecessary stipulations and manual reviews.

As part of this new offering, Sync1 Systems customers are eligible for a 30-day free AutoPass trial and a 20% discount on the first year’s licensing fees for credit unions that sign up by Dec. 31.

“Credit unions are constantly searching for effective ways to combat fraud without sacrificing member experience,” Point Predictive CEO Tim Grace said in a news release. “By integrating AutoPass into Sync1 Systems’ platform, we’re offering a comprehensive fraud solution that fits seamlessly into their decision systems and operations, helping credit unions both protect their assets and streamline their lending processes.”

The announcement was highlighted during Sync1 Systems’ conference, Lendtopia, in San Antonio, showcasing the joint effort to bring advanced fraud detection to credit unions across the country.

“The partnership reflects our ongoing mission to provide our credit union clients with the most advanced, reliable tools for fraud detection and risk management,” Sync1 Systems CEO Steve Maloney said. “Announcing this collaboration at Lendtopia underscores its significance to our credit unions, and we are excited to showcase the integration’s potential to transform the way they approach fraud prevention.”