91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply.

Why it matters

Upstart's high degree of automated underwriting remains a notable innovation that could pressure traditional banks' cost structures, but it is still a company-specific development without immediate systemic or regulatory impact.

Sources

• The Motley Fool

  91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply.

  Is the AI lender starting to turn the corner?

• Nasdaq

  91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply.

  Key PointsShares of Upstart have slumped about 31% year to date.