A leading artificial intelligence (AI) lending platform, Upstart (UPST), announced Associated Bank, a Midwest regional bank, has enhanced personal loan capabilities including a seamless digital experience powered by Upstart.
Michael Lock, Senior Vice President of Lending Partnerships for Upstart, said, “We are excited to enable Associated Bank to combine its localized approach of a traditional community bank with the efficiencies and modern experiences of a larger organization through technology. With our AI lending platform, Associated Bank is now able to offer a new, inclusive lending program that can provide higher approval rates, lower APRs, and fully automated approvals for its customers.”
With Upstart’s all-digital, AI-driven platform on its bank website, Associated Bank offers customers personal loans so they can better take care of their customers and remain within the bank’s risk parameters. The Upstart platform leverages artificial intelligence to make credit more accessible to consumers. Furthermore, Upstart-power banks can offer customers outstanding digital-first lending experiences on top of improved approval rates and reduced losses.
According to Brent Tischler, Executive Vice President, Director of Retail Banking at Associated Bank, “Associated Bank is transforming our consumer lending products and excited to partner with Upstart to deliver a modern digital lending experience for personal loans. With a new personal loan product powered by Upstart on our website, we are able to provide a fast, convenient borrowing experience for more customers in the communities we serve.”