Last week, Affinity Federal Credit Union announced a strategic partnership with Point Predictive

This collaboration aims to bolster efforts by the member-based, federally insured, full-service financial institution to combat the increasing challenges of identity, income, and employment fraud while helping Affinity’s members get automotive financing easier and faster.

Affinity was recently recognized on the Forbes list of America’s Best Credit Unions for both New Jersey and New York.

“Partnering with Point Predictive marks a major advancement in our efforts to protect our members from the increasingly sophisticated threats of lending fraud,”, Affinity vice president risk operations Bryan Watkinson said in a news release.

“The integration of cutting-edge AI technology will not only enhance our fraud detection capabilities but also improve the efficiency and speed of our lending processes, ensuring an even better experience for our members,” Watkinson continued.

Point Predictive’s solutions are designed to address the complex landscape of auto finance fraud. Its technology leverages a proprietary risk data repository and sophisticated machine learning algorithms to provide insights into potential fraud risks.

“We are excited to welcome Affinity as a partner,” Point Predictive CEO Tim Grace said. “Their commitment to innovation and member security aligns perfectly with our mission to provide robust fraud prevention solutions.

“By adopting our technology, Affinity will enhance its ability to offer its members secure and seamless lending services,” Grace went on to say.