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Podcast: The CU2.0 Podcast
Episode: CU 2.0 Podcast Episode 201 Jeff Keltner Upstart on Smarter Lending
Description: Send us Fan Mail What happens when you throw a bunch of ex-Googlers into an office in San Mateo California?Enter Upstart, a new breed lending company that helps financial institutions - credit unions very much included - make more, better unsecured loans and also do auto refinancing.Upstart comes at lending with a focus on artificial intelligence, machine learning, and doing a lot of data crunching. Using Upstart's analytics an institution approves a higher percentage of loans - but also enjoys a lower default rate. How can that be? According to...