Upstart Wins NAFCU Services Innovation Award for Its AI Lending Platform


SAN MATEO, Calif.–(BUSINESS WIRE)–Upstart (NASDAQ:UPST), a leading artificial intelligence (AI) lending marketplace, today announced that it has received the 2022 Service Innovation Award from the National Association of Federally-Insured Credit Unions (NAFCU) for its AI lending platform.

“Congratulations to Upstart for winning a 2022 Innovation Award! Equally important, I want to thank them for their continued ingenuity and development of industry-leading products focused on credit unions,” said Randy Salser, President, NAFCU Services. “Consumer expectations are higher than ever for fast, convenient and engaging experiences when borrowing, spending or saving their money. These innovation awards showcase what leading companies are doing to help credit unions meet these demands. We take pride in knowing that our approved partners, including great companies like Upstart, are always working to make our industry stronger.

The NAFCU Services Innovation Awards program recognizes some of the most exciting advancements in the credit union industry. Entries include breakthrough solutions in technology, software, digital media, campaigns, and more. A panel of esteemed industry judges evaluate entries based on the degree of innovation and their impact on the success of credit unions. Participating companies understand the market, know how to compete, and develop products that help credit unions grow and prosper. The Innovation Awards program provides credit unions with proven and tested solutions to continue to build their competitive advantage.

“Upstart is honored to have won the NAFCU Innovation Award for its AI Lending Platform,” said Michael Lock, Senior Vice President of Lending Partnerships for Upstart. “We thank NAFCU and the 2022 Innovation Award judges for this industry recognition for helping credit unions and their members thrive through innovative technologies that enhance the member experience while expanding access. to affordable credit.

To learn more about Upstart’s award-winning AI lending platform, please watch this video.

About Upstart

Upstart (NASDAQ:UPST) is a leading AI lending marketplace that partners with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, banks and credit unions powered by Upstart can have higher approval rates and lower loss rates for every race, ethnicity, age and sex, while simultaneously delivering the exceptional digital lending experience their customers demand. More than 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, Calif., and Columbus, Ohio.

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