Pagaya’s proprietary AI technology enables fintechs, banks, and other loan originators to provide broader credit access for their customers. Through this partnership, Ally’s credit card business will leverage Pagaya’s analytics for application analysis, allowing Ally to target more ‘pre-qualified’ customers outside its current credit criteria.
Ally company officials stated that the collaboration allows them to expand their offerings to consumers who have been traditionally underserved. The company looks forward to working with the fintech to offer end-to-end solutions that benefit consumers across the spectrum.
Pagaya’s growth includes investment in credit and asset analysis models, which span personal loans, auto loans, credit cards, point-of-sale financing, and more. The company is focused on innovation and enabling partners to expand access to consumer credit.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now