sowas steht drin, finde die Diskussion sehr interessant um den KBRA Report zu UPST:
If the delinquencies continue to spike relative to other risk models and if Upstart's AI risk model is worse or no better (it needs to be not just as good but better) than other risk models then we have lost the value proposition for the lenders and we have a broken investing thesis. Obviously, offering lower rates to borrowers without lowering delinquencies will lead to a destruction of Upstart's business because lenders will do what's in their best financial interest and not do what's not in their best financial interest.
As long as the value propositions for borrowers and lenders remain intact. Upstart has been able to claim that its AI model performs better than traditional underwriting methods. This has been the case for several years including during the stress of the pandemic. Now that claim is being called into question which may foretell problems in Upstart's ability to get new banks. Even the perception by the lenders that the AI is no better will hurt adoption |
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