WSFS, partners with California company in offering online lending platform

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WSFS Bank has launched a digital personal loans product powered by Upstart, an artificial intelligence lending platform.

WSFS’s partnership with Upstart expands the bank’s personal loan offerings to a broader customer and more inclusive customer base, a release stated.

“WSFS Bank is excited to partner with Upstart, combining their leading technology with our nearly 200 years of experience as a service-oriented, locally-managed bank, to deliver a fast, easy experience to reach and serve our customers wherever they are,” said Jim Wechsler, senior vice president, the chief retail lending officer at WSFS Bank. “With Upstart’s platform, we’re continuing our delivery transformation, an investment in our technology and delivery systems to meet the evolving needs of our customers. Through this partnership, we’re providing a more affordable personal loan solution that meets the unique needs of our diverse communities across the Greater Philadelphia and Delaware region.”

“We’re excited that WSFS Bank has chosen to partner with Upstart to serve the banking needs of its communities,” said Michael Lock, senior vice president of lending partnerships for Upstart. “Through our partnership, WSFS Bank is now able to reach and approve more creditworthy borrowers while delivering a seamless, digital experience on its own banking website.”

WSFS Financial Corp.  is a multi-billion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.

 WSFS operates from 112 offices, 89 of which are banking offices, located in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1), and Nevada (1).

Services include commercial banking, retail banking, cash management, and trust and wealth management.

WSFS Bank is one of the ten oldest banks in the United States, continuously operating under the same name. For more information,  visit www.wsfsbank.com.

Upstart was founded by former Google staffers in 2012 and is based in San Mateo, CA, and Columbus, Ohio.

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