Putting Excess Deposits to Work on Profitable Loans:
How a community bank has grown their consumer loan portfolio with the Upstart Referral Network
The Upstart Referral Network is powered by an all-digital AI lending platform that can help banks quickly build a profitable personal loan portfolio within their risk tolerance.
Watch the recording with FFBKC and Upstart to see how:
- Current economic conditions have banks struggling to find qualified borrowers and experiencing slower personal loan growth, leading to a capital surplus without viable investment options.
- With deposits flooding the bank, First Federal Bank of Kansas City needed to quickly find a way to put that cash to work. With limited resources internally, they sought out a partner that could make it happen quickly.
- FFBKC partnered with Upstart to find more creditworthy borrowers with AI-enabled lending and to augment their current loan portfolio strategy. After the stability of the portfolio even throughout the pandemic, they decided to double their lending volume from Upstart.
- Upstart loans have over-performed the industry during the pandemic: a lower fraction of loans have become impaired, and a higher fraction of impaired loans have recovered.
Chief Sales Officer
First Federal Bank of Kansas City
SVP Business Development