Many consumers and small business owners have likely experienced pain and unfair rejections when requesting a line of credit from a traditional bank. Upstart is working to solve this by using machine learning, AI, and tailored risk models that increase loan approval rates. Jeff Keltner & I unpack these issues and what Upstart is doing to solve them.
Jeff is SVP of Business Development at Upstart and the fifth employee at the firm. Prior to Upstart, Jeff worked at Google for 6 years. He was the first business person focused on what is now Google Cloud – spending time launching and running the Education business, Global 200 account marketing, and Chrome for Business areas.
Upstart is a leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for our bank partners. By leveraging Upstart’s AI platform, banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.
Enjoy!
Increasing Loan Approval Rates with Upstart