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WSFS Bank has launched a digital personal loan product powered by Upstart, an artificial intelligence lending platform.
WSFS ‘partnership with Upstart extends the bank’s personal loan offerings to a broader and more inclusive customer base, according to a statement.
“WSFS Bank is delighted to partner with Upstart, combining its cutting edge technology with our nearly 200 years of experience as a locally managed, service oriented bank, to deliver a fast and easy experience in reaching and serving our customers. wherever they are. Said Jim Wechsler, senior vice president, director of retail loans at WSFS Bank. “With the Upstart platform, we continue to transform delivery, investing in our technology and delivery systems to meet the evolving needs of our customers. Through this partnership, we are providing a more affordable personal loan solution that meets the unique needs of our diverse communities in the Greater Philadelphia and Delaware area.
“We are delighted that WSFS Bank has chosen to partner with Upstart to serve the banking needs of its communities,” said Michael Lock, senior vice president of lending partnerships for Upstart. “Through our partnership, WSFS Bank is now able to reach and approve more creditworthy borrowers while providing a seamless digital experience on its own banking website.
WSFS Financial Corp. is a multi-billion dollar financial services company. Its principal subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company, headquartered in Delaware and the greater Philadelphia area.
WSFS operates from 112 offices, 89 of which are bank offices, located in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1).
Services include commercial banking, retail banking, treasury management, and trust and wealth management.
WSFS Bank is one of the ten oldest banks in the United States, continuously operating under the same name. For more information, visit www.wsfsbank.com.
Upstart was founded by former Google employees in 2012 and is based in San Mateo, California, and Columbus, Ohio.