Associated Bank Launches Personal Loans Powered by Upstart
July 28 2021 - 8:00AM
Business Wire
Upstart (NASDAQ: UPST), a leading artificial intelligence (AI)
lending platform, today announced Associated Bank, a leading
Midwest regional bank, has launched enhanced personal loan
capabilities including a seamless, digital experience enabled by
Upstart.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210728005358/en/
Quote from Brent Tischler, Executive Vice
President, Director of Retail Banking at Associated Bank (Graphic:
Business Wire)
Associated Bank is now offering personal loans 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.
“Associated Bank is transforming our consumer lending products
and 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, 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.”
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.
ABOUT UPSTART
Upstart (NASDAQ: UPST) is a leading AI lending platform
partnering 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-first lending experience their
customers demand. More than two-thirds of Upstart loans are
approved instantly and are fully automated. Upstart was founded by
ex-Googlers in 2012 and is based in San Mateo, California and
Columbus, Ohio.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $35 billion
and is Wisconsin’s largest bank holding company. Headquartered in
Green Bay, Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from more than 220 banking locations serving more than 120
communities throughout Wisconsin, Illinois and Minnesota, and
commercial financial services in Indiana, Michigan, Missouri, Ohio
and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal
Opportunity Lender and Member FDIC. More information about
Associated Banc-Corp is available at www.associatedbank.com.
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Press Contact Mike Nelson mike.nelson@upstart.com
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