Upstart expands automated lending, upgrades AI-based platform

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

© Can Stock Photo / JohanSwanepoel

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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