Dave Girouard is the founder and CEO of Upstart; Girouard spent almost his entire career working for tech firms including Apple and Google and a lot of Upstart's team actually comes from Google; given that they lean heavier towards the 'tech' side of fintech, Girouard has a unique perspective; shares the general trend of software disrupting every business and that every business will become a tech business; discusses the history of marketplace lending, attributes of a marketplace and the evolution of the marketplaces; reports on how artificial intelligence and machine learning can help in a number of ways including creation of real time analysis, development of customized credit scoring, expanded access to credit through broader underwriting variables and faster processing; also discusses some of the challenges that currently keep machine learning solutions from the mainstream including adverse selection, loan stacking, fraud and regulatory concerns; ends with the benefits of alternative machine learning technology including more inclusion, lower rates, lower costs and greater financial support for consumers. Source