Where can AI make an impact in financial services? In our new "AI for Financial Services" online course, Upstart VP of Implementation & Success Lynn Sautter Beal offers six areas, from customer acquisition through cross-sell. The course also covers foundational concepts in AI, understanding and assessing models, ethics and oversight, and next steps for you and your organization as you expand your capabilities in AI. The course is free for a limited time. Register here: https://lnkd.in/gFWgVCbK #AI #FinancialServices
Upstart for Lenders
Financial Services
San Mateo, CA 2,036 followers
Increase approval rates and lower loss rates while delivering an exceptional digital-first experience.
About us
Upstart (NASDAQ: UPST) is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates for every race, ethnicity, age, and gender, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.
- Website
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https://www.upstart.com/lenders
External link for Upstart for Lenders
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- San Mateo, CA
- Founded
- 2012
Updates
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We're proud to welcome Fibre Federal Credit Union to the Upstart family of lending partners! 🎉 Through the Upstart Referral Network, Fibre Federal is able to serve more individuals across Southwest Washington and Northwest Oregon. #AILending #AccessToCredit Here’s what Alissa Johnson, VP Consumer Lending at Fibre Federal Credit Union, had to say about the partnership:
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Great teams are built with people who have weathered storms. Adam Goller, EVP and Head of Fintech Banking at Cross River, believes innovation thrives on overcoming challenges. With experience from the 2008 Financial Crisis to COVID-19, he emphasizes the need for adaptable, resilient minds at every stage of a company’s growth. He also shares how leaders can integrate AI in heavily regulated sectors like banking. Hear the full conversation with Matt Snow on the Leaders in Lending Podcast below: Apple: https://apple.co/46WXzp4 Spotify: https://spoti.fi/46Wu6eX Youtube: https://bit.ly/3Mcsu74
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We're proud to welcome AMOCO Federal Credit Union to the Upstart family of lending partners! 🎉 As an Upstart lending partner, AMOCO is able to serve more individuals in the Houston and Galveston markets with their personal loan offering. #AILending #AccessToCredit Here’s what Jeremy Silva, Chief Financial Officer at AMOCO Federal Credit Union, had to say about the partnership:
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"Generative AI is revolutionizing data handling and compliance," says Armen Meyer, Co-Founder of the American Fintech Council. Looking ahead, Armen invites FIs to think of AI as a Junior Compliance Officer—helping to structure data and support regulatory efforts with proper supervision. On episode 150 of the Leaders in Lending Podcast, Armen and Matt Snow discuss: -Regulatory stability and finding a middle ground between pragmatism and aspiration -Moving beyond high-velocity conflict to protect consumers and foster growth -Collaborating to lay fair rules and innovate within those parameters -Open banking rules and facilitating data flow to enhance competition and prevent monopolies Listen on Apple, Spotify or Youtube! Apple: https://apple.co/4fyQWx8 Spotify: https://spoti.fi/4fzd5eI Youtube: https://bit.ly/4fE3Ee7
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Upstart for Lenders reposted this
It's so common in banking to assume that "indirect" loans can never turn into a REAL customer relationship. Commonwealth CU bucks that trend, via a partnership with Upstart. Congrats to the CCU team on their incredible success!
The success of our partners like Commonwealth Credit Union demonstrates how a great digital experience powers member loyalty. "Automation and improving our member experience is top of mind and what drives everything we do," said Jaynel Christensen, Chief Growth Officer. Across 2 years of partnership with Upstart, Commonwealth has gained over 1,900 new members — and 11.1% of these new members have purchased additional products and services, including checking and savings accounts, credit cards, home equity loans and auto loans. And despite a challenging macro environment, credit performance has been better than expected. Check out their success below. https://bit.ly/3SruzzS
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The success of our partners like Commonwealth Credit Union demonstrates how a great digital experience powers member loyalty. "Automation and improving our member experience is top of mind and what drives everything we do," said Jaynel Christensen, Chief Growth Officer. Across 2 years of partnership with Upstart, Commonwealth has gained over 1,900 new members — and 11.1% of these new members have purchased additional products and services, including checking and savings accounts, credit cards, home equity loans and auto loans. And despite a challenging macro environment, credit performance has been better than expected. Check out their success below. https://bit.ly/3SruzzS
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AI isn’t just about saving time or cutting costs—it's about strategically integrating technology that benefits both the financial institution and the end customer. Will Robinson, CEO of Encapture, shares insights on overcoming legacy systems and resistance to change, highlighting the importance of partnering with experienced vendors. Learn how banks can use AI to streamline workflows, reduce mundane tasks and enhance efficiency without overhauling existing processes. Check out the full episode on Apple, Spotify or Youtube!
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We're proud to welcome The Bank of Elk River to the Upstart family of lending partners! 🎉 As an Upstart lending partner, The Bank of Elk River is able to offer access to credit to more people through a fast, modern personal lending experience. #AILending #AccessToCredit Here’s what Pete Onstad, Director of Consumer Banking at The Bank of Elk River, had to say about the partnership:
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Don't get left behind. Join the fast-growing community of AI-certified #FinancialServices professionals. Leaders like Steve Gray at Maine Savings completed the AI in Financial Services online course and now have a strong understanding of AI and how to apply it—fairly and responsibly. Don’t miss out—register for free today to fast track your organization's knowledge of and use cases for #AI.