FARMINGTON, NM & SAN MATEO, Calif .– (BUSINESS WIRE) – Jan. October 2021–
Four Corners Community Bank (FCCB), a safe, solid and local bank dedicated to providing better than expected service to the communities in the San Juan (NM), Montezuma (CO) and La Plata (CO) counties Offer, announced today that it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, to offer fully digital, AI-powered personal loans.
This press release contains multimedia. View the full press release here: https://www.businesswire.com/news/home/20211027005401/en/
Quote from Sheila Mathews, President and CEO of Four Corners Community Bank (Graphic: Business Wire)
“Four Corners Community Bank is always looking for innovative ways to compete in consumer credit in a digital world,” said President and CEO Sheila Mathews. “With their AI technology, Upstart offers a great solution that we can use to improve the customer experience by increasing the efficiency and availability of consumer credit.”
As a new Upstart loan partner since July, the Four Corners Community Bank will use Upstart on their bank website to provide AI-supported personal loans directly. In addition, the Four Corners Community Bank will become part of the Upstart Referral Network. Through this network, qualified personal loan applicants on Upstart.com who meet the Four Corners Community Bank credit guidelines will receive tailored offers while seamlessly transitioning into a Four Corners Community Bank experience to complete the online application and close process.
“We are excited to work with Four Corners Community Bank to bring a more automated, digital experience to their customers and the local communities they serve,” said Michael Lock, SVP of Lending Partnerships at Upstart. “Upstart’s AI lending platform will help Four Corners Community Bank reach more consumers and provide access to affordable credit. “
To learn more about Upstart for Banks and the Upstart Referral Network, please visit https://www.upstart.com/for-banks/ and watch this video.
Via the Four Corners Community Bank
Four Corners Community Bank (FCCB) was founded in 2000 by President and CEO Sheila Mathews, Chairman of the Board, Frank Macaluso, Vice Chairman, Greg Anesi, Secretary of the Board, Felix Briones, and Board Member, Ed Armstrong. In 2018 board members Paul Thompson and Dr. John McNeill added. The Four Corners Community Bank, headquartered in Farmington, New Mexico, serves the Four Corners region with seven locations; Each is a full-service financial institution equipped to provide a full range of personal and business banking services. The bank provides competitive, locally based financial services and solutions. FCCB prides itself on being safe, healthy, and local, and strives to provide better than expected service to the communities it serves. More information is available at TheBankForMe.com. Member of the FDIC. Same housing provider.
About Upstart
Upstart (NASDAQ: UPST) is a leading AI lending platform that works with banks and credit unions to expand access to affordable credit. By leveraging Upstart’s AI platform, banks and credit unions operated by Upstart can achieve higher approval rates and lower loss rates while delivering the exceptional digital credit experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded in 2012 by former Google employees and is based in San Mateo, California and Columbus, Ohio.
View source version on businesswire.com: https: //www.businesswire.com/news/home/20211027005401/en/
CONTACT: Media contacts
Leslie Bell, Chief Administrative Officer
[email protected] | 505.566.2111
Mike Nelson
KEYWORD: CALIFORNIA NEW MEXICO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE
SOURCE: Upstart
Copyright Business Wire 2021.
PUB: 10/27/2021 9:00 AM / DISC: 10/27/2021 9:02 AM
http://www.businesswire.com/news/home/20211027005401/de
Copyright Business Wire 2021.
Comments are closed.