The Challenge
Many creditworthy borrowers are denied loans by traditional credit models; lenders want to expand credit safely.
The AI Solution
AI-powered loan underwriting platform that evaluates credit risk with non-traditional variables and ML models instead of solely FICO scores.
Type of AI Used: Machine Learning (credit risk modeling)
Results & Impact
Adopted by 500+ banks by 2024. Upstart's model approved 44% more loans than traditional methods, with 36% lower average interest rates. 80% of loans are fully automated.
