Associated Bank Launches Upstart Retail Loans | Associated Press

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SAN MATEO, CA – (BUSINESS WIRE) – July 28, 2021

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending platform, announced today that Associated Bank, the leading regional bank in the Midwest, has launched enhanced personal lending capabilities, including the hassle-free digital experience provided by Upstart.

This press release contains multimedia material. You can watch the full issue here: https://www.businesswire.com/news/home/20210728005358/en/

Quote from Brent Tischler, Executive Vice President, Director of Retail Banking at Associated Bank (Picture: Business Wire)

Associated Bank now offers personal loans powered by the fully digital AI lending platform Upstart on its bank website to better serve its clients and approve more borrowers without going beyond the bank’s risk parameters.

“Associated Bank is transforming our consumer lending products and is excited to partner with Upstart to deliver a modern digital retail lending experience,” said Brent Tischler, executive vice president, director of retail banking at Associated Bank. “With the new Upstart-powered personal loan product on our website, we are able to provide quick and easy loan acquisition to more clients in the communities we serve.”

“We are delighted to allow Associated Bank to combine its localized approach of a traditional local bank with the efficiency and modern expertise of a larger organization through technology,” said Michael Locke, senior vice president of credit partnerships, Upstart. “With our AI lending platform, Associated Bank is now able to offer a new comprehensive lending program that can provide higher approval rates, lower annual rates, and fully automated approval for its clients.”

Upstart and Associated Bank began their partnership in February 2021. To learn more about Upstart for Banks and its bank-branded personal loans platform, visit https://www.upstart.com/for-banks/ and Watch this video

ABOUT UPSTART

Upstart (NASDAQ: UPST) is a leading AI lending platform that partners with banks to expand access to affordable credit. By leveraging the Upstart AI platform, banks working with Upstart can have higher approval rates and lower loss rates while delivering the exceptional digital lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by former Google employees in 2012 and is based in San Mateo, California, and Columbus, Ohio.

ABOUT BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $ 35 billion and is the largest bank holding company in Wisconsin. Associated, headquartered in Green Bay, Wisconsin, is the leading Midwest banking company offering a full range of financial products and services from more than 220 banking locations serving more than 120 localities across Wisconsin, Illinois and Minnesota, as well as commercial financial services in Indiana, Michigan. , Missouri, Ohio and Texas. Associated Bank, North Carolina, is an equal housing lender, equal opportunity lender, and a member of the FDIC. More information on Associated Banc-Corp is available on the website www.associatedbank.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20210728005358/en/

CONTACTS: Press Contacts

Mike Nelson

mike.nelson@upstart.com

KEY WORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICE TECHNOLOGIES OTHER TECHNOLOGIES FINANCING SOFTWARE BANKING

SOURCE: Upstart

Copyright by Business Wire 2021.

PUB: 07.28.2021 09:00 / DISK: 07.28.2021 09:01

http://www.businesswire.com/news/home/20210728005358/en

Copyright by Business Wire 2021.



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