Pagaya Technologies Ltd., a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company. The new partnership will enable SoFi to broaden members’ access to its financial products.
Pagaya’s proprietary artificial intelligence, technology and infrastructure enables FinTechs, banks, and other loan providers to offer consumers more robust access to financial products outside the existing traditional credit models. Pagaya’s machine learning models are designed to reduce risk for lenders and help better inform credit decisioning. The company’s partnership with SoFi is the largest deployment of its technology in the fintech marketplace to date.