Insight & Accomplishment
Upstart's model uses AI to analyze over 1,600 data points to assess creditworthiness, leading to higher approval rates and lower interest rates for consumers. For banks, this results in lower fraud and loss rates and a more automated lending process.
Key Features
- AI models trained on vast datasets
- Connects consumers with partner banks and credit unions
- Automated loan application and approval process
- Verification of income and employment data
- Personal and auto loan offerings