Why Upstart Is Just Getting Started

Upstart's AI uses more than 1,000 variables to judge a potential borrower's creditworthiness. The company has spent eight years training its platform with 10 million-plus data points to help banks make more profitable loans -- and the more customers use Upstart's service, the more effective it gets. Whether Upstart is leasing its platform to banks to use in-house, or accepting loan applications directly from consumers to pass on to its partner banks, it gets more consumers approved and helps banks loan more efficiently -- a win for everyone.