Upstart (UPST), a leading artificial intelligence (AI) lending platform, announced Associated Bank, a leading Midwest regional bank, has launched enhanced personal loan capabilities including a seamless, digital experience enabled by Upstart.
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Associated Bank is now offering personal l**** powered by Upstart’s all-digital, AI-lending platform on its bank website to better serve its customers and approve more borrowers while staying within the bank’s risk parameters.
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“Associated Bank is transforming our consumer lending products and excited to partner with Upstart to deliver a modern digital lending experience for personal l****,” said Brent Tischler, Executive Vice President, Director of Retail Banking at Associated Bank. “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.”
“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,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “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.”
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