Scienaptic AI, a global leader in AI-powered credit decisioning, announced that Jana Small Finance Bank (Jana SFB), one of India’s fastest-growing scheduled commercial banks, has partnered with it to introduce Jana Bank’s new Used Car Loan product. By leveraging Scienaptic’s advanced AI scorecards, Jana SFB will be able to expand its retail lending footprint and deliver faster, smarter, and more inclusive auto financing solutions, while maintaining strong risk management and portfolio quality.
Headquartered in Bengaluru, Jana SFB has been consistently expanding as a full-service bank, catering to salaried professionals, entrepreneurs, self-employed individuals, and small businesses through a robust mix of digital and physical channels. 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-first approach and digital-first vision, the bank has launched several innovative financial products, now adding its used car financing segment to the portfolio.
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-powered scorecards, we can extend credit faster and more responsibly, while enhancing customer experience and maintaining superior portfolio quality. This collaboration strengthens our retail lending business and helps us meet evolving customer needs.”
Joydip Gupta, Head of APAC at Scienaptic AI, added:
“We are delighted to support Jana Bank in its next growth chapter. Our AI-driven scorecards, refined through machine learning and market validation, enable banks to launch new products with confidence while managing portfolio risk. This partnership showcases how AI/ML technology empowers financial institutions to expand responsibly and reach more customers with innovative credit solutions.”
Ramnath Sivasubramanian, EVP, Head of BI & Analytics, Jana Small Finance Bank, said:
“At Jana, data-driven decision-making is central to how we innovate for customers. Scienaptic AI helps us harness richer data and advanced machine learning to launch products quickly, deliver accurate credit decisions, and ensure faster turnaround times for customers.”
About Scienaptic AI
Founded in 2014, Scienaptic AI was established with a mission to drive financial inclusion at scale through AI-powered credit decisioning BRE. The platform represents a decade of innovation, integrating diverse data into decision-making, using advanced machine learning, and ensuring robust risk and fair-lending monitoring processes.
Trusted by India’s largest MFIs, major banks, NBFCs, and fintech leaders, Scienaptic processes over 50 lakh credit decisions monthly, evaluating loan applications worth more than ₹40,000 crore every month. This enables over 20 lakh underserved individuals with limited or no credit history to access personal loans, credit cards, vehicle loans, MSME loans, and MFI loans.
Scienaptic’s BRE platform equips underwriting teams with advanced capabilities. Today, more than 150 lenders rely on Scienaptic to improve accuracy and efficiency in credit underwriting.
For more information, visit www.scienaptic.ai.
About Jana Small Finance Bank
Jana Small Finance Bank, a scheduled commercial bank, is the 4th largest Small Finance Bank in India, with over 17 years of lending experience and more than 12 million customers. Launched in March 2018, Jana SFB combines digital innovation with a nationwide presence across 23 states and 2 union territories, operating 809 branches.
Evolving from an NBFC-MFI to a diversified bank, today over 70% of its lending book is secured, largely mortgage-backed. Jana has built a fast-growing retail deposit base with strong brand recognition and high customer service standards. Its management team brings an average of 27 years of industry experience, supported by a reputed and well-rounded board.
Note: All numbers are as of June 30, 2025, unless stated otherwise.
For more details, visit www.janabank.com.
Media Contact
Shreyasee Sen
Adfactors PR for Jana SFB
[email protected]
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