Upstart Making it Easier for Banks to Use AI Underwriting, Comments on COVID-19

Today Upstart announced a new offering called Credit Decision API; Upstart has already offered a white label solution for banks but the new offering breaks the credit decisioning out as a standalone offering; it is meant for banks who just want the underwriting piece or are not yet ready for the end-to-end solution offered by Upstart; We also learned that Upstart has an auto loan program in development and has an internal model for student loans; Paul Gu, co-founder and head of product at Upstart also shared that the company is currently seeing better performance from their underwriting model compared to industry benchmarks. Lend Academy 

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