Zest AI improves the lending process for financial institutions by using artificial intelligence to enhance credit risk assessment. Its software employs advanced algorithms and machine learning to help lenders make more accurate credit decisions, identifying potential borrowers who might be missed by traditional scoring methods. This approach allows lenders to approve more loans while managing risk effectively by pinpointing the riskiest borrowers and replacing them with more creditworthy candidates. Zest AI's software also adapts to changes in the lending landscape, providing insights that help lenders seize new opportunities. A key aspect of Zest AI's mission is to promote financial inclusion by making lending fairer and more accessible, ultimately increasing loan approval rates and improving profitability for lenders.

Lightspeed Venture Partners

Matrix Partners

Lighthouse Capital Partners

Upfront Ventures

Flybridge Capital Partners

Victory Park Capital

Fortress Investment Group

Northgate Capital

Eastward Capital Partners

Kensington Capital Partners

Peter Thiel

Subtraction Capital

Thiel Capital

Insight Partners

Suncoast Credit Union

Hawaiifcu

Golden 1 Credit Union

TruStage Ventures

CU Direct

First National Bank Of Omaha

First National Bank of Omaha

VyStar Credit Union

Curql Collective

Fintech

AI & Machine Learning

Financial Services

Zest AI

Zest AI, a fintech startup revolutionizing lending with AI-driven solutions, announced today it has raised a $200 million growth investment from Insight Partners.

Zest AI secures $200M growth funding from Insight Partners to advance AI-driven lending solutions

Zest AI, a Burbank, CA-based leader in AI lending technology, received a $200m growth investment from Insight Partners.

Zest AI Raises $200M in Growth Funding from Insight Partners

Zest AI—a company providing AI-powered credit scoring and underwriting solutions—has received a $200 million growth investment from Insight Partners.

Exclusive: Zest AI snags $200 million growth investment from Insight Partners

Zest Protect helps lenders decision loans more confidently with accurate, holistic application fraud detectionLOS ANGELES, Aug. 7, 2024 /PRNewswire/ -- Zest AI , the leader in AI lending technology, today announced its new fraud detection solution, Zest Protect. Zest Protect quickly and accurately identifies fraudulent activity during the loan decisioning process, helping credit unions, banks and other lenders navigate the rising application fraud environment while safeguarding the borrower experience.The Federal Trade Commission estimates that consumer fraud losses in 2023 exceeded $10 billion while credit unions and community banks reported a 69% surge in fraud cases across consumer accounts."Lenders need to outsmart fraud, including an increasing volume of AI-driven fraud in the industry, with AI," said Adam Kleinman, Head of Strategy and Client Success at Zest AI. "Our team designed Zest Protect to create an efficient tool that can more accurately detect all types of fraud now and in the future, including AI-created fraud, with the ultimate goal of boosting lending confidence for our bank and credit union customers."Zest Protect leverages Zest AI's proven, industry-leading machine learning technology to instantly detect first party and third party fraud, as well as flag income inconsistencies within the automated loan decisioning process. This integrated solution empowers lenders to take control of their fraud risk, allowing them to adjust specific detection thresholds based on their risk tolerances and automation objectives. With access to fraud prevention data and analytics, Zest AI can flag applications swiftly, and protect against emerging threats."Capturing application fraud, especially more sophisticated AI-powered fraud, without compromising the member experience is a top priority for us," said Gather Federal Credit Union's EVP, Justin Ganadan

Zest Ai Debuts Ai-Powered Fraud Detection For Lenders

So Golden 1 partnered with Zest AI to build its own customized credit scorecard.

How Golden 1 used AI to find 'good risk'

Point Predictive, a leader in artificial intelligence ("AI") consumer lending solutions, announced the integration of its BorrowerCheck for Lenders platform with Zest AI, a leading provider of AI-automated credit underwriting technology, to fortify lenders against first- and third-party fraud.

Point Predictive's BorrowerCheck for Lenders Integrates with Zest AI

Generative AI model will provide holistic visibility and strategic insights to help lenders optimize performanceLOS ANGELES, Feb. 29, 2024 /PRNewswire/ -- Zest AI , the leader in AI lending technology, is unveiling its new lending intelligence companion today, LuLu. LuLu is a customized generative AI tool that lending organizations can use to instantly capture strategic industry insights, decisioning and portfolio performance metrics, and quickly access their unique Zest AI product knowledge base."We've always believed in the transformative power of AI, but the evolution of large language models got us thinking about how to leverage this innovation to better serve lenders," said Adam Kleinman, Head of Strategy and Client Success at Zest AI. "Right now, access to lending analysis is complicated, time-consuming, and often cost-prohibitive, which is why LuLu is a game-changer. The ability to ask a generative AI tool a lending question in human language and get an accurate, customized answer within seconds gives our clients the visibility, speed, agility, and intelligence to empower teams to optimize performance with confidence."LuLu can quickly connect lending teams with industry data that allows them to analyze performance benchmarks, harvest insights from their Zest AI business results, and access critical information from their internal reports and documents – all with simple, natural human language prompts."As a long-time customer of Zest AI, I couldn't be more excited about LuLu," said Jenny Vipperman, President and CEO of ORNL Federal Credit Union. "LuLu's ability to provide quick and accurate answers to complex business questions allows us to accelerate important decisions

Zest Ai Unveils First Ai Lending Intelligence Companion

Union Credit, the first and only marketplace for credit unions to make firm, one-click credit offers at the point of purchase, celebrates a successful first year of business. The marketplace has been a game-changer for credit unions, facilitating over $50 million in loans and bringing in over 6,500 new members in Q4 2023, with numbers continuing to increase steadily as the company’s lender and affiliate networks expand. 50% of new members were under 40 years old with an average credit score of 795.Union Credit’s unique marketplace serves as a strategic tool for credit unions to extend their advantageous offers to a large audience of eligible consumers outside of their traditional markets and reach new and younger audiences. This helps credit unions elevate their brand nationwide, increase loan volume, and truly compete and differentiate in the industry.In its first year, Union Credit forged key partnerships with e-commerce publishers, including Way.com, Bankrate, QuinStreet, AmOne, and more. Collaborations with TransUnion, Experian, and Zest.ai further ensured intelligent risk assessment, accurate loan offers, and inclusive credit access for over 133 million credit-qualified consumers, embedded within their everyday apps.By seamlessly integrating credit options directly into e-commerce platforms, Union Credit simplifies the loan application process, ensures transparency, and provides quick access to funding. Consumers don’t have to leave the e-commerce platform to complete the purchase or go through their financial institution’s online banking app

Union Credit Marketplace Brings Next Generation To Credit Unions

SANTA ROSA, Calif.--(BUSINESS WIRE)--Union Credit, the first and only marketplace for credit unions to make firm, one-click credit offers at the point of purchase, celebrates a successful first year of business. The marketplace has been a game-changer for credit unions, facilitating over $50 million in loans and bringing in over 6,500 new members in Q4 2023, with numbers continuing to increase steadily as the company’s lender and affiliate networks expand. 50% of new members were under 40 years old with an average credit score of 795. Union Credit’s unique marketplace serves as a strategic tool for credit unions to extend their advantageous offers to a large audience of eligible consumers outside of their traditional markets and reach new and younger audiences. This helps credit unions elevate their brand nationwide, increase loan volume, and truly compete and differentiate in the industry. In its first year, Union Credit forged key partnerships with e-commerce publishers, including Way.com, Bankrate, QuinStreet, AmOne, and more

Union Credit Marketplace Brings Next Generation Of Members To Credit Unions

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced a strategic partnership with Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights, to build an integration into nCino’s Consumer Banking Solution.

nCino and Zest AI Create Strategic Partnership to Bring More Efficiency to Financial Services Through AI-Automated Underwriting

AI software for lending and credit assessment

Zest AI

AI software for lending and credit assessment

Zest AI

AI software for lending and credit assessment

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