Quant Insight CEO Mahmood Noorani and Brandywine Global Portfolio Manager John McClain sit down with Yahoo Finance Live to talk about recent market volatilities, outlook on tech stocks, the Fed's interest rate hikes, and positioning against Fed risks.
Few fintech stocks have been hit as hard as Affirm this year, but its latest earnings report showed some positive signs.
Lending is one of society's oldest industries, where staples like credit scores and credit cards have ruled the roost for years. The FICO credit score is the traditional measure of a consumer's creditworthiness, but Upstart claims its AI can reduce loan defaults by 75% while approving borrowers at the same rate. The company started with unsecured personal loans, but recently launched automotive lending, with business and small-dollar loans imminent, and mortgages still ahead on Upstart's future growth plans.