Affirm launches transformer-based machine learning model for real-time underwriting

Affirm launches transformer-based machine learning model for real-time underwriting

New model builds on 14 years of transaction-level underwriting experience and data to approve more eligible consumers at comparable levels of risk

Affirm launches transformer-based machine learning model for real-time ...

Affirm (AFRM) Stock Surges 5% on Transformer AI Model Launch for Credit Decisions

Affirm (AFRM) stock rose 5.5% after launching transformer AI for loan decisions, increasing completed purchases 3.4% and approving more thin-file borrowers.

Affirm Rebuilds Underwriting to Approve Borrowers a Credit Score Can’t See

Affirm has started using a new real-time underwriting model at U.S. checkouts that approves consumers its previous models would have declined, including shoppers with limited credit histories and no FICO score at all. The transformer-based model is now live, according to a Thursday (Sept. 17)…