This AI powered cloud incepted fintech business is changing the way banks assess credit worthiness. Many fintech giants are competing against banks but Upstart has decided to partner with them in its next generation offering. The AI platform uses more than 1,600 differing variables before coming to the conclusion of credit worthiness compared to the typical bank which only looks at 8-15 and the most sophisticated models 30.

Upstart (UPST Quick QuoteUPST - Free Report) CEO David Girouard said his lending algorithm is 5 times more effective than current systems at accurately depicting a person’s ability to repay a loan. Saying that on a scale of 1-100 the current credit regimes are only at about 2 on predicting risk of default and David believes his AI platform would put banks at closer to a 10, with still a lot more room to grow. Upstart’s AI is continuously learning and will continue to be more effective as it is provided with more datasets.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>