Upstart for Lenders’ Post

Where can AI make an impact in financial services? In our new "AI for Financial Services" online course, Upstart VP of Implementation & Success Lynn Sautter Beal offers six areas, from customer acquisition through cross-sell. The course also covers foundational concepts in AI, understanding and assessing models, ethics and oversight, and next steps for you and your organization as you expand your capabilities in AI. The course is free for a limited time. Register here: https://lnkd.in/gFWgVCbK #AI #FinancialServices

AI isn’t just about saving time or cutting costs—it's about strategically integrating technology that benefits both the financial institution and the end customer. Will Robinson, CEO of Encapture, shares insights on overcoming legacy systems and resistance to change, highlighting the importance of partnering with experienced vendors. Learn how banks can use AI to streamline workflows, reduce mundane tasks and enhance efficiency without overhauling existing processes. Check out the full episode on Apple, Spotify or Youtube!

We're proud to welcome The Bank of Elk River to the Upstart family of lending partners! 🎉 As an Upstart lending partner, The Bank of Elk River is able to offer access to credit to more people through a fast, modern personal lending experience. #AILending #AccessToCredit Here’s what Pete Onstad, Director of Consumer Banking at The Bank of Elk River, had to say about the partnership:

Don't get left behind. Join the fast-growing community of AI-certified #FinancialServices professionals. Leaders like Steve Gray at Maine Savings completed the AI in Financial Services online course and now have a strong understanding of AI and how to apply it—fairly and responsibly. Don’t miss out—register for free today to fast track your organization's knowledge of and use cases for #AI.

Despite high interest rates, one thing remains clear — Americans need access to credit. TransUnion reports that unsecured personal loan balances grew 9% year over year in Q1 2024, showing that consumers are turning to personal loans to help manage their rising monthly household expenses. So, how can financial institutions safely lend in this inflationary environment? By using AI responsibly and ethically, lenders can create more efficiency and accessibility in their lending practices, and drive positive economic change and financial inclusiveness for their borrowers. Learn how in our latest blog: https://bit.ly/4cQbbVk

What do you think of when you see the words “tech revolution”? Silicon Valley is the likeliest candidate, but today, there’s a rising star in the tech world you may not expect. Chris Berry, President and CEO of OhioX, joined us to unpack his view on Ohio’s tech landscape and what the future holds. He touches on: - The collaborative nature of Ohio’s tech industry - The two main pain points in Ohio’s economy - The importance of exposing K-12 students in Ohio to skills and careers in tech Check out a preview below, and listen wherever you get your podcasts!

We're proud to welcome Texans Credit Union Union to the Upstart family of lending partners! 🎉 As a partner on the Upstart Referral Network, Texans Credit Union is able to provide personal loans to help more Texans achieve their financial goals. #AILending #AccessToCredit Here’s what David Frazier, President & CEO at Texans Credit Union, had to say about the partnership:

Enroll today! https://lnkd.in/gFWgVCbK

Used responsibly, AI can make lending more inclusive and transparent—and all lending companies should be regularly evaluating whether they are using the fairest possible approach to achieve their objectives. Our Head of Public Policy and Regulatory Affairs, Nat Hoopes, talks to American Banker about the Consumer Financial Protection Bureau's newest Fair Lending report and its increased focus on less discriminatory alternatives (LDAs): https://bit.ly/4eFIuvA

REMINDER: We're hosting a live "Ask Me Anything" session for graduates of our AI in Financial Services online course—tomorrow, June 27. Bring your questions for course instructors Annie Delgado and Jeff Keltner and hear from other professionals. If you'd like to join us, get certified today! https://lnkd.in/gN9SDRZe #AMA #AI #FinancialServices