PYMNTS-MonitorEdge-May-2024

Upstart

Lender Upstart Will Move Excess Loans From Balance Sheet
Lender Upstart Will Move Excess Loans From Balance Sheet
May 19, 2022  |  Personal Loans

FinTech lender Upstart said it will not keep loans on its balance sheet that financial institutions have no interest in purchasing. As The Wall Street...

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Upstart, Billtrust, Bill.com Drag FinTech IPO Index to New Lows
Upstart, Billtrust, Bill.com Drag FinTech IPO Index to New Lows
May 13, 2022  |  IPO

In a week that saw two-thirds of its members falling 20% or more, the FinTech IPO Index fell to an all-time low, diving 27% for...

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Upstart Debuts AI Lending Platform on Salesforce AppExchange
Upstart Debuts AI Lending Platform on Salesforce AppExchange
May 04, 2022  |  artificial intelligence

Artificial intelligence (AI) lending platform Upstart will be debuting Upstart AI Lending for Salesforce, which will bring AI-based lending to the financial services industry, a...

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FinTech IPO Index Braces for Further Turbulence as Q1 Earnings Season Kicks Off
FinTech IPO Index Braces for Further Turbulence as Q1 Earnings Season Kicks Off
April 15, 2022  |  Investments

At some point, with the FinTech IPO Index down nearly 27% year to date, one wonders where the bottom is. We may still have a...

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AI Lender Upstart Unveils Auto Retail Platform
AI Lender Upstart Unveils Auto Retail Platform
March 09, 2022  |  artificial intelligence

Artificial intelligence (AI) lender Upstart has launched a mobile-first auto retail platform, the company announced in a news release Wednesday (March 9). The Upstart Auto...

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Upstart’s Triple-Digit Growth Shows AI-Based Lending’s Heady Pace
Upstart’s Triple-Digit Growth Shows AI-Based Lending’s Heady Pace
November 10, 2021  |  Loans

As growth stocks continue their heady (but never completely steady) climb on Wall Street, the question remains: When are triple-digit gains not enough? Upstart Holdings,...

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NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
NXTsoft, Upstart Partnership Aims To Bring AI To More Lenders
June 23, 2021  |  Artificial Intelligence

NXTsoft, which provides API connectivity for banks and FinTechs, announced on Wednesday (June 23) that it has formed a partnership with the artificial intelligence (AI)...

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Shares Of Lender Upstart Gain 47 Pct After IPO
Shares Of Lender Upstart Gain 47 Pct After IPO
December 16, 2020  |  IPO

Upstart, which works to partner banks with customers looking for loans, saw its shares surge 30 percent upon its public debut Wednesday (Dec. 16), according...

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The Rise Of Instant Payments In The Lending Industry
The Rise Of Instant Payments In The Lending Industry
November 04, 2019  |  Disbursements

Meeting consumer demand for faster disbursements can help lenders differentiate themselves within a sea of competition, but faster access cannot come at the speed of...

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