Because the annual per capita disposal rate is based on disposal tons, any biomass will not be reported as disposal. This new goal measurement system is described in CalRecycle’s Goal Measurement: 2007 and Later web page. Per AB 1857, Garcia, Chapter 342, Statutes of 2022, the bill repeals the provision authorizing the inclusion of not more than 10% of the diversion through transformation.įor 2023 and subsequent years, CalRecycle’s compares reported disposal tons to population to calculate per capita disposal expressed in pounds/person/day. Scienaptic-enabled lenders have processed more than 300 million transactions, benefitting millions of borrowers.Note: This page contains historical information from CalRecycle’s jurisdictional per capita disposal rate calculations, prior to 2023, that included a per capita diversion credit for disposal tons sent to an approved transformation facility. It democratizes automated AI-powered lending while addressing all regulatory requirements, including Fair Lending and explainable adverse actions. The platform enables FIs to reach more borrowers, including underbanked and underserved individuals, and say “yes” more often without increasing risk. Credit unions, auto lenders, banks, and fintechs, use Scienaptic's AI native credit decisioning platform to continually improve the quality and speed of their underwriting decisions.
Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. We're confident that our platform will bring new levels of efficiency, accuracy, and customer satisfaction to Bay Motor Finance, and empower aspiring vehicle owners to fulfil their dreams.” We, at Scienaptic believe that everyone deserves access to that kind of empowerment, regardless of their credit score. A car isn't just a vehicle - it's a symbol of independence, freedom, and opportunity. We're confident that we'll be able to build a better business and empower our customers, one brick at a time, one step at a time, and one loan at a time.”Ĭorrespondingly, Pankaj Jain, Cofounder and President of Scienaptic AI said, "We're thrilled to partner with Bay Motor Finance as they embark on their journey to power their loan decisioning process with AI. The Scienaptic team truly understands the challenges of automobile financing and have built a platform that addresses all our needs. We're excited to announce that we're taking this mission to the next level with the help of an incredible new tool,” said David Danlag, Executive Vice President, Bay Country Financial Services and Bay Motor Finance “With Scienaptic’s AI platform we will be able to approve more loans, create more opportunities for our customers, while reducing risk and making personalized financial decisions that align with our values. “At Bay Motor Finance, we believe in providing accessible financing for everyone. The company specializes in car financing, independent dealer financing, and dealership financing and believes in building business on a foundation of trust and quality of service, not the number of customers. The organization aims to provide vehicle financing within the Maryland and Delaware corridors to franchises and independent vehicle dealers catering to customers with near-prime and sub-prime credit. Headquartered in Glen Burnie, MD, Bay Motor Finance was created three years ago out of Bay Country Financial Services, who provides loans to consumers. Leading global AI-powered credit decision platform provider, Scienaptic AI, announced today that Bay Motor Finance has chosen its AI-based underwriting platform to automate and streamline its credit decisioning.
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