Leaders in Lending | Ep. 74: The opportunity with AI driven lending

As those of us in the lending industry know, unsecured loans inherently carry with them the highest level of risk. Because they’re not backed by any piece of collateral like an auto loan or a mortgage, they’re often an afterthought in the innovation process.

In this episode, Upstart co-founder Paul Gu shares two reasons why unsecured loans were a great place to apply Artificial Intelligence:

1. To demonstrate efficacy

If you want to demonstrate the efficacy of machine learning when applied to something that’s been done for a very long time, like the lending industry, you want to apply it in the place where it’s going to matter the most – and be the hardest.

And that’s unsecured loans.


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