TD Bank is tapping into the technology of Edmonton’s Trust Science.
The Alberta fintech Trust Science offers an AI-powered credit decisioning and risk management platform for North American institutions.
The licensed agency operates as Canada’s “third and most modern credit bureau” by automating legacy lending workflows in ways which reduce risk, fraud, and operating cost for banks, credit unions, and consumer finance lenders.
“Trust Scientists are among the best in the world at predicting human behaviour,” believes company founder Evan Chrapko.
Chrapko launched Trust Science with a target toward what he calls “Invisible Primes”—the 90 million credit-invisible people living in North America who are left “outside of the modern economy.”
In 2018, Trust Science issued its first credit score through Credit Bureau+, a software-as-a-service product.
The Canadian innovator recently entered into a bank-wide Master Services Agreement with TD, who intends to use Trust Science’s income verification and reporting capabilities to provide clients with fast and secure real-time loan decisioning.
TD Auto Finance Canada is the first TD business to use Trust Science tech, rolling out the capability to clients through more than 5,000 authorized dealers across Canada.
This includes TD’s utilization of “T°Score,” a proprietary suite of credit scoring models tailored specifically to auto and consumer lending.
Powered by Trust Science’s Six°Score AI engine, the T°Score toolkit synthesizes thousands of data signals to surface creditworthy borrowers, optimize loan outcomes, and maintain regulatory compliance across the lending lifecycle.
“TD is harnessing our real-time decisioning platform—and our highly effective, proprietary processes—to get its loan decisions made as quickly as possible with less risk,” stated Chrapko.
Michael McGhee, head of TD Auto Finance Canada, says “we’re reimagining what banking can be for our clients.”
“Working with Trust Science’s solution enables us to offer our dealers and clients a simpler and faster way to do business with us,” he says.
“TD Auto Finance is happy to be at the forefront of an agreement between TD and Trust Science, and we look forward to delivering more innovative solutions to our clients in the future,” stated McGhee.
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