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Upstart expands automated lending, upgrades AI-based platform

The fintech’s banking partners originated 465,537 auto and personal loans in Q1

Loraine Lawson

Loan automation platform Upstart is working on “fundamental upgrades” to the underlying infrastructure of its artificial intelligence-based models to improve transparency and better leverage available data. Two factors contributed to the need for the upgrade, Chief Executive Dave Girouard said during Monday’s first-quarter earnings call. First, Upstart is working on seven or eight unique models […]

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