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Using artificial intelligence to connect with younger generations. Source: Shutterstock.

VyStar Credit Union has joined with a bank and a venture capital firm to invest $18 million in Zest AI, a Los Angeles-based developer of software for credit underwriting.

Zest AI announced the capital injection Thursday, which it said was led by strategic investors VyStar CU of Jacksonville, Fla. ($10.7 billion in assets, 764,701 members) and First National Bank of Omaha, which has $25.5 billion in assets and 119 branches in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. Also contributing was returning investor Northgate Capital, a San Francisco based venture capital company.

Jim DuPlessis

A journalist for decades.

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