Partnership Between Scienaptic AI and Jana Small Finance Bank: A New Era for Used Car Loans in India
New York/Bengaluru, September 1: Scienaptic AI, a pioneer in AI-driven credit decisions, has partnered with Jana Small Finance Bank (Jana SFB), one of India’s fastest-growing banks, to introduce a robust used car loan product. This innovative collaboration aims to leverage Scienaptic AI’s advanced analytics dashboards to enhance automobile financing options for customers throughout India.
Empowering Consumers with Smart Financing Solutions
Jana SFB, based in Bengaluru, is committed to delivering comprehensive banking services tailored for diverse groups, including professionals, entrepreneurs, and small businesses. Since transitioning to a scheduled commercial bank in 2018, Jana SFB has successfully established 809 branches across 23 states and 2 Union Territories, serving over 12 million customers. Their commitment to innovative financial solutions is reflected in the launch of their used car financing product, prominently designed to meet the specific needs of Indian consumers.
Industry Insights from Jana Small Finance Bank
Commenting on this strategic partnership, Pradeep Rebello, Vehicle Loans Business Manager at Jana SFB, stated, “Used cars are often the first vehicle for millions of Indians. Our collaboration with Scienaptic AI enables us to extend credit more efficiently while addressing evolving customer needs in a responsible manner.” This sentiment highlights the bank’s focus on customer-centric financial products.
Scienaptic AI’s Role in Enhancing Credit Assessments
Joydip Gupta, Head of APAC at Scienaptic AI, expressed enthusiasm for the partnership: “We are thrilled to support Jana SFB in this exciting chapter of growth. Our AI-driven platform has consistently been enhanced through automated learning, enabling banks to introduce new products with confidence and accuracy.” This reflects the dynamic nature of the fintech sector in India.
Data-Driven Decisions at Jana SFB
Ramnath Sivasubramanian, EVP of BI & Analytics at Jana SFB, emphasized, “Data-driven decision-making lies at the core of our innovation strategy. With the capabilities provided by Scienaptic AI, we can harness richer data to expedite product launches, make informed credit decisions, and ultimately serve our customers better.” This commitment to leveraging data science underpins the bank’s innovative approach.
About Scienaptic AI
Founded in 2014, Scienaptic AI is on a mission to accelerate financial inclusion through AI-focused credit decision-making. The platform integrates a decade of technological advancements, employing advanced machine learning algorithms and enforcing rigorous risk management practices. Scienaptic AI services several leading financial institutions in India, facilitating over 50 lakh credit decisions monthly and extending financial access to over 20 lakh underserved individuals.
About Jana Small Finance Bank
Jana Small Finance Bank, one of the largest finance banks in India, boasts over 17 years of experience and services over 12 million customers. Launched in March 2018, the bank combines digital innovation with a national presence, operating across 809 branches. Transitioning from an NBFC-MFI, over 70% of its loan portfolio is mortgage-driven. The bank’s management team, featuring an average of 27 years of experience, exemplifies strong leadership and strategic vision.
For more information, visit www.scienaptic.ai and www.janabank.com.
Media Contact
Shreyasee Sen
Adfectors PR for Jana SFB
shreyasee.sen@adfactorspr.com
8789323086
Note: All figures are as of June 30, 2025, unless otherwise indicated.