SAN MATEO, Calif .– (BUSINESS WIRE) – Jul 28, 2021–
Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Associated Bank, one of the Midwest’s leading regional banks, has launched personal lending capabilities enhanced, including a seamless digital experience made possible by Upstart.
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Quote from Brent Tischler, Executive Vice President, Head of Retail Banking at Associated Bank (Graphic: Business Wire)
Associated Bank now offers personal loans powered by Upstart’s fully digital lending platform on its bank website to better serve its clients and approve more borrowers while remaining within the bank’s risk parameters.
“Associated Bank is transforming our consumer lending products and is excited to partner with Upstart to deliver a modern digital lending experience for personal loans,” 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 and convenient borrowing experience to more clients in the communities we serve. “
“We are excited to allow Associated Bank to combine its localized approach of a traditional community bank with the modern efficiency and experiences of a larger organization through technology,” said Michael Lock, senior vice president of loan partnerships for Upstart. “With our AI lending platform, Associated Bank is now able to offer a new inclusive lending program that can deliver higher approval rates, lower APRs and fully automated approvals for its clients.”
Upstart and Associated Bank began their partnership in February 2021. To learn more about Upstart for Banks and its bank-branded personal loan platform, please visit https://www.upstart.com/for-banks/ and watch this video.
Upstart (NASDAQ: UPST) is a leading AI lending platform that partners with banks to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital lending experience that demand their customers. Over two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by former Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.
ABOUT ASSOCIATE BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $ 35 billion and is Wisconsin’s largest banking holding company. Headquartered in Green Bay, Wisconsin, Associated is one of the Midwest’s premier banking franchises, offering a full range of financial products and services to more than 220 banking establishments serving more than 120 communities in Wisconsin, Illinois and the United States. Minnesota, as well as commercial financial services in Indiana, Michigan. , Missouri, Ohio and Texas. Associated Bank, NA is an Equal Housing Lender, Equal Opportunity Lender, and a member of the FDIC. More information on Associated Banc-Corp is available at www.associatedbank.com.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY FINANCE SOFTWARE BANKING
Copyright Business Wire 2021.
PUB: 07/28/2021 9:00 a.m. / DISC: 07/28/2021 9:01 a.m.
Copyright Business Wire 2021.