Pagaya Expands AI-Underwriting Reach With OneMain (Correct)

Pagaya Technologies Ltd. is expanding its reach in the auto-lending industry through a new partnership with OneMain Holdings Inc.

The partnership is aimed at helping OneMain provide loans to more consumers by using artificial intelligence to leverage more data in the loan-underwriting process. This can be particularly helpful for lenders like OneMain, which caters to less creditworthy borrowers who may have been historically shut out of accessing credit.

“This partnership represents our continued commitment to helping the country’s largest lenders provide more financial opportunity to their customers with our tech-enabled lending solution,” Sanjiv Das, Pagaya’s president, said in ...