Customers Bank Expands Consumer Installment Loan

“Upstart’s model was able to deliver better returns, lower default rates, and reduced risk of fraud,” said Sam Sidhu, Vice Chairman and Chief Operating Officer, Customers Bank. “We’ve grown the program from a small pilot to a full-scale lending program that’s continued to meet and exceed our expectations.”

“We are excited to continue and expand our partnership with Customers Bank,” said Michael Lock, Senior Vice President of Bank Partnerships, Upstart. “Their digital-first approach to redefine banking in the 21st century has made them a great partner for us to transform how to help consumers effortlessly access credit based on true risk.”

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