Automated Credit Origination news and trends

Upstart Says Automated Credit Origination Process Draws ‘Best Borrowers’

February 13, 2024
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Upstart Says Automated Credit Origination Process Draws ‘Best Borrowers’

February 13, 2024
Upstart achieved an all-time high in its automated credit origination process in the fourth quarter. The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant and fully automated process during the quarter ended Dec. 31, Upstart said in a presentation released Tuesday (Feb. 13) in conjunction with the company’s quarterly earnings call. […]