Description
Upstart is an AI-powered lending platform that uses non-traditional variables and machine learning to evaluate borrower creditworthiness beyond traditional FICO scores. The platform leverages education, employment history, and thousands of other data points to predict credit risk more accurately, enabling more inclusive access to affordable credit. By partnering with banks and financial institutions, Upstart's technology helps expand credit access while reducing risk for lenders.
Key Features
- AI-driven credit assessment
- Alternative data variable analysis
- Automated loan origination
- Risk-based pricing models
- Financial inclusion technology
Use Cases
- Personal loan underwriting
- Credit access expansion
- Bank lending enhancement
- Auto loan origination
- Financial inclusion initiatives
Pricing Model
Fee-based loan origination and bank partnership models
Integrations
Banking platforms, Credit bureau systems, Loan servicing providers, Payment processors, Financial account verification
Target Audience
Banks and credit unions, Consumers seeking credit, Lending institutions, Financial inclusion advocates, Alternative credit providers
Launch Date
2012
Available On
Consumer lending platform, Banking partnership system, Loan origination technology
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