AI-Powered Loan Arranger Gives Investors Pause: The Brink

Welcome to
The Brink
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Dorothy Ma and
Victor Swezey in New York, where we looked at Pagaya, a unique subprime lender that makes some investors nervous. We also have news on Ukraine, Klöckner Pentaplast and Stenn Technologies. Follow
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AI Underwriter

Pagaya Technologies, a decade-old lender focused on subprime US consumers, relies on artificial intelligence to sift through a massive $238 billion of loans per quarter.

And, according to Moody’s Ratings, its financial reporting is complex, particularly “the off-balance sheet accounting of its securitizations.” ...