SAN MATEO, Calif. - Upstart (NASDAQ: NASDAQ:UPST), known for its artificial intelligence lending marketplace, has introduced a new professional certification program titled "AI in Financial Services." The course is designed to equip financial service executives with the skills necessary to implement AI technologies within their organizations.
The program aims to provide a comprehensive understanding of AI, including its technical, operational, and ethical aspects. Upstart's CEO, Dave Girouard, emphasized the transformative impact of AI on the financial industry and the importance of this course for business leaders to understand and navigate the AI landscape.
Participants of the course will explore foundational AI concepts, model assessment, ethics, oversight, and practical applications in financial services. The curriculum is structured into five modules, each focusing on a different aspect of AI utilization in the sector.
The course is taught by Upstart's AI, banking, and risk experts, who have experience working with financial institutions, regulators, and consumers. It is available to all interested parties and is currently offered free of charge for a limited period. Upon completion, participants will receive a digital badge and an official certificate, and they will have the opportunity to join an online community of professionals with similar interests.
This educational initiative follows Upstart's recent Upstart Program Certification course, aimed at helping bank and credit union partners understand their Upstart lending program and maintain regulatory compliance.
Upstart, founded in 2012, connects consumers with banks and credit unions through its AI models and cloud applications, facilitating a range of credit products. The company claims its AI technology enables lenders to approve more borrowers at lower rates, regardless of race, age, or gender, while also providing an exceptional digital-first customer experience.
This news is based on a recent press release statement from Upstart.
InvestingPro Insights
As Upstart (NASDAQ: UPST) continues to shape the future of lending with artificial intelligence, their financial health and market performance remain a topic of interest for investors. The company's market capitalization stands at approximately $1.98 billion, reflecting its significant presence in the AI lending marketplace. However, it's worth noting that Upstart's price-to-earnings (P/E) ratio is currently negative, at -7.79, which has been adjusted to -8.23 when considering the last twelve months as of Q4 2023. This suggests that the market expects future growth or a return to profitability, despite the company not being profitable over the past year.
InvestingPro data also indicates a notable revenue decline of -35.72% over the last twelve months as of Q4 2023. This metric is crucial for investors to consider, as it provides insight into the company's sales trends and overall financial performance during a significant period. While there was a slight quarterly revenue growth of 1.94% in Q1 2023, the longer-term trend appears to be downward.
An InvestingPro Tip highlights that Upstart's stock price movements have been quite volatile, which is consistent with the observed price total return of -31.49% over the last three months. This level of volatility may be an important factor for investors with different risk tolerances to consider. Additionally, the company's liquid assets exceed short-term obligations, which could be a sign of financial stability in terms of liquidity.
For investors seeking more in-depth analysis and additional InvestingPro Tips, such as the company's high return over the last year or its performance over the last month, Upstart's profile on Investing.com offers further insights. There are a total of 9 InvestingPro Tips available, which can be accessed at https://www.investing.com/pro/UPST. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and explore the comprehensive data that InvestingPro has to offer.
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